InRisk Labs

About InRisk Labs

InRisk Labs is an Indian insurtech company specializing in parametric insurance and risk intelligence solutions. Founded in 2024 by Malay Poddar, Aavrit Singhal, Siddesh Ramasubramanian, and Shivakhumar R S, the firm is headquartered in Ahmedabad, India. The founding team combines extensive experience from the insurance and technology sectors. Poddar formerly served as Chairman of the Agricultural Insurance Company of India (AIC), and Ramasubramanian was its Chief Risk Officer and Chief Actuary. Singhal brings over a decade of experience in insurance marketing, while Shivakumar is a data scientist. InRisk Labs develops data-driven technology to help insurers, reinsurers, governments, and corporations manage and mitigate financial risks from climate events, market volatility, and other extreme events. InRisk Labs' platform utilizes AI-driven pricing, geospatial modeling, and real-time monitoring to create customized index-based insurance products. Unlike traditional insurance that requires lengthy loss assessments, parametric insurance from InRisk Labs provides rapid, automatic payouts when a predefined trigger—such as a specific rainfall level, temperature, or market price movement—is met. In August 2026, InRisk Labs raised $27 million in a Series A funding round co-led by Bessemer Venture Partners and Northpoint Capital, valuing the company at approximately $70 million. This funding supports the company's technology development and the expansion of its subsidiary, EarthRe Insurance. EarthRe has received a reinsurance license from the International Financial Services Centres Authority (IFSCA), enabling it to underwrite risk directly. The firm's business model is primarily B2B, offering its technology and risk intelligence infrastructure to other businesses and operating a regulated reinsurance entity. InRisk Labs provides a range of products tailored for various sectors including agriculture (crop and livestock protection), energy (solar and wind productivity), and finance (market volatility). Its solutions address risks like drought, floods, heat stress, and price fluctuations. The company targets governments, multilateral development agencies, and (re)insurers, aiming to enhance resilience against systemic risks.