InRisk Labs raises $27 Mn Series A for reinsurance

InRisk Labs has raised 27 million dollars in a Series A round co-led by Bessemer Venture Partners and Northpoint Capital. The company runs a technology-led risk and reinsurance platform selling parametric and structured reinsurance products.

The round follows a regulatory milestone. InRisk subsidiary EarthRe Insurance IFSC Limited received a licence from the International Financial Services Centres Authority to operate as a reinsurer, described as the first incorporated reinsurer to be licensed at the IFSC in GIFT City. EarthRe writes non-life reinsurance across natural catastrophe, climate risk, property, crop and specialty lines.

The capital will go into underwriting, actuarial and catastrophe modelling capability, AI systems, expansion into natural catastrophe and climate risk, and the regulatory capital EarthRe needs to operate.

“India will be the most consequential insurance market over the next two decades,” said Malay Kumar Poddar, CEO of EarthRe. “To drive sustainable growth, we must build indigenous capacity and tailored solutions built by India, for India.” Bessemer partner Vishal Gupta said the firm had backed the company at seed and has now doubled down. Sameer Brij Verma, founder and CIO of Northpoint Capital, said EarthRe combines a licensed balance sheet with an AI native risk platform and deep underwriting expertise. The report did not name InRisk’s founders or disclose a valuation.

The crop and catastrophe framing hides the part that touches ecommerce. Parametric cover pays on a measured trigger, rainfall above a threshold, wind speed, a temperature breach, rather than on a surveyor’s loss assessment. Settlement moves from months to days. That is the difference between an insurable event and a write-off.

Most Indian D2C brands and warehouse-dependent sellers absorb monsoon flooding, cold chain excursions and weather-driven delivery failures directly in the P&L, filed under shrinkage. Domestic reinsurance capacity at GIFT City is what makes small-ticket, India-specific triggers economic to underwrite in the first place. The operator move here is unglamorous: start logging the data now. Hub-level flood days, delivery SLA breaches by pincode through the monsoon, temperature excursions per lane. Without that time series you cannot price the risk or buy the cover when a broker finally offers it.