InRisk Labs Raises $27 Mn To Scale AI-Led Reinsurance Platform EarthRe
GIFT City-based insurtech startup InRisk Labs has raised $27 Mn (about ₹256 Cr) in a Series A funding round co-led…
InRisk Labs, a GIFT City-based insurtech startup, has successfully raised $27 million in a Series A funding round co-led by Bessemer Venture Partners and Northpoint Capital. The capital will be allocated towards enhancing the company's underwriting, actuarial, catastrophe modelling, and AI capabilities, as well as expanding into new non-life insurance segments and developing parametric and structured reinsurance products.
Additionally, EarthRe Insurance IFSC, a subsidiary of InRisk Labs, has obtained a reinsurance license from the International Financial Services Centres Authority (IFSCA), making it the first incorporated reinsurer to receive a license from the IFSC at GIFT City. Founded in 2024 by Aavrit Singhal, Siddesh Ramasubramanian, Shivakhumar R S, and Malay Kumar Poddar, InRisk Labs specializes in building technology for parametric insurance and reinsurance, with EarthRe focusing on non-life reinsurance across various climate risk segments.
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