InRisk Labs raises $27 million in Series A round co-led by Bessemer and Northpoint Capital

The details

• InRisk Labs raised $27 million in a Series A funding round co-led by Bessemer Venture Partners and Northpoint Capital.
• EarthRe Insurance IFSC Ltd, a subsidiary of InRisk Labs, received a reinsurance licence from the International Financial Services Centres Authority (IFSCA), making it the first incorporated reinsurer in GIFT City's International Financial Services Centre.
• The company plans to use the $27 million to strengthen underwriting, actuarial, catastrophe modelling, and AI capabilities, and to expand into non-life insurance segments such as marine cargo and motor insurance.
• InRisk Labs and EarthRe operate as two connected but distinct parts of the same group, with InRisk Labs focusing on technology, data, and risk intelligence infrastructure, and EarthRe operating as the regulated reinsurance business.
• EarthRe focuses on non-life reinsurance, with capabilities spanning natural catastrophe, climate, property, crop, and specialty risks, and plans to expand further into marine cargo and motor insurance.

The bigger picture

• India's reinsurance market is estimated at $10 billion, and InRisk Labs aims to build indigenous capacity and tailored solutions for the Global South.
• The IFSCA licence allows InRisk Labs to keep underwriting judgment on Indian risk in India, supporting the Global South from GIFT City.
• The Series A round is a vote of confidence in the company's ability to build durable value in the risk and compliance space.

About the business

• InRisk Labs builds technology, data, and risk intelligence infrastructure for reinsurance and parametric insurance.
• The company's parametric insurance model provides automatic payouts based on predefined events, such as specific levels of rainfall or extreme weather events.
• EarthRe Insurance IFSC Ltd operates as the regulated reinsurance business, deploying InRisk Labs' technology through a licensed balance sheet.
• EarthRe's platform integrates climate, geospatial, satellite, exposure, and claims data to improve risk selection, pricing, portfolio construction, and capital allocation.

What happens next

• InRisk Labs plans to expand into non-life insurance segments such as marine cargo and motor insurance.
• The company aims to build indigenous capacity and tailored solutions for the Global South.

The deal

Type

funding

Investors

• Bessemer Venture Partners (co-led) — A venture capital firm that has long been associated with backing companies that can grow into **meaningful category leaders**.
• Northpoint Capital (co-led) — A venture capital firm that focuses on **technology and risk capital convergence**.

Founders

• Aavrit Singhal, co-founder
• Siddesh Ramasubramanian, co-founder
• Shivakhumar R S, co-founder
• Malay Kumar Poddar, CEO of EarthRe

About InRisk Labs

Product

Parametric insurance and reinsurance technology platform enabling automatic payouts when predefined events occur without claims assessment

Customers

Insurance companies, reinsurers, and businesses seeking parametric and climate risk insurance solutions

How it makes money

B2B reinsurance platform providing technology and risk management solutions to insurance companies

What sets it apart

AI-driven catastrophe modeling and actuarial capabilities enable faster underwriting and automated payouts for parametric risk events

Other articles talking about it

• VCCircle
• Indian Startup News
• Moneycontrol
• startup-story-media
• Entrackr
• The Economic Times
• Inc42
• Entrackr

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