Climate Insurance Innovation
We are redefining the way climate and disaster risk financing is actively managed through Smart Index Insurance solutions. By leveraging cutting edge tech, we are committed to provide a proactive, data driven methodology to create versatile products for Governments, Multilateral Development Agencies, (Re)Insurers, and Intermediaries.
Smart Index Insurance Products
A tailored plan that delivers rapid, transparent protection ensuring quick payouts for the specific risks that you choose.
Disaster Risk
Covers loss due to high intensity NAT-CAT events
- Earthquake
- Cyclone
- Flood
Rural Loan Protect
Protects loan book against adverse weather affecting crops
- Drought
- Flood
- Unseasonal Rainfall
MSME Loan Protect
Protects dwellings loan book against Catastrophe risk
- Earthquake
- Flood
- Cyclone
Self Help Groups
Protects livelihood losses of SHG members from adverse weather conditions
- Rainfall
- Drought
- Temperature & Humidity
Loss of Wages
Protects income of gig workers and daily wagers from weather risks
- Torrential rains
- Cyclone
- Flood
Renewable Energy
Protects renewable energy generation from productivity losses due to adverse environmental conditions
- Seasonal variability
- Location Specific
- Multi-year cover
Hydroelectric Energy
Protects hydroelectric plants from NAT-CAT events
- Flash Floods
- Earthquake
- GLOF
Infrastructure Projects
Protects infrastructure projects from economic losses due to weather-related delays and damages
- Earthquake
- Cyclone
- Flood
Ports
Protects port infrastructure and operations from weather-related disruptions
- Earthquake
- Cyclone
- Flood
Business Interruption
Protects business income against natural calamities
- Earthquake
- Cyclone
- Flood
Supply Chain
Covers revenue loss due to delayed shipments
- Torrential rains
- Cyclone
- Flood
Crop Productivity
Covers loss of productivity due to adverse weather events
- Rainfall
- Temperature & Humidity
- Windspeed
Agri Inputs
Protects Agri input buyers against weather risks
- Drought
- Disease Congenial Climate
- Temperature & Humidity
Dairy Productivity
Protects against loss of dairy productivity from heat stress
- Heat waves
- Drought
- Depleting fodder
Aquaculture
Protects shrimp and fish farmers from weather risks
- Cyclone
- Drought
- Flood
IoT based Insurance
Indemnifies death of small animals monitored through IoT
- Tempearature Sensor
- Mobility Sensor
- Image Detection
Focus Areas
Innovation and research form our foundation, enabling us to build transformative and impactful solutions
Climate Analytics
Advanced Insurtech solutions
Our solutions factor in multidecadal trends, ENSO, IOD, and other global climate drivers to address diverse environmental risks.
Geospatial Models
From India to the Globe
Covering every state, district, sub-district, gram panchayat, village, and pincode. Built in India, for the World.
Research Collaboration
With Global Institutes
Collaborating with premier global research institutes to drive innovation and deliver transformative climate resilience solutions.
Build Products Instantly
Innovative platform offering real-time product customisation, smart AI-based pricing, and continuous claims monitoring for efficient and responsive insurance solutions.
- Build your own Product.
- Embrace the agility and efficiency of real-time, customisable products to adapt swiftly to changing risks and customer needs.
- Dynamic Pricing Models.
- AI-driven dynamic pricing models offer risk-adjusted, accurate premium, leveraging advanced algorithms at lightning speed.
- Real-time Monitoring.
- Real-time monitoring to continuously tracks parameters, instantly triggering notifications for claims based on precise, predefined conditions.
Smart Index Insurance
We empower index risk management by integrating data analytics, AI-driven pricing algorithms, interactive dashboards, and blockchain technology to ensure efficiency, transparency, and scalability
- Product Design
- We engage with intermediaries and clients to customise index insurance, and shape robust strategies for comprehensive risk management
- Risk Contours
- We utilize institutional-grade data from sources like IMD, NASA, ESA, and research organisations for defining risk contours
- Pricing
- Our AI-driven pricing engine analyses data with thousands of variables for fast and reliable premium quotations
- Underwriting Partnerships
- We partner with leading insurers and reinsurers to facilitate underwriting capacity for products developed and designed through InRisk
- Claims Monitoring
- Real-time monitoring of data, triggers, and claims made available to clients, intermediaries, insurers, and reinsurers
- Smart Contracts
- We use blockchain technology for contract automation, enhancing efficiency and transparency in coverage processes
API Integration for Partners
Insurance partners can seamlessly integrate our API onto their applications for enhanced, customized insurance service offerings.
Always in the loop
Insurance products can be easily and efficiently priced using our API, streamlining the entire lifecycle.
API on-demand
- Advanced API on-demand featuring dynamic, sophisticated pricing models,ensuring accuracy and efficiency.
Easy Integration
- Utilize our advanced API effortlessly on your infrastructure, ensuring seamless integration without major changes.
Real-time Analytics
- Access real-time analytics to monitor for data-driven decisions to enhance experience and operational efficiency
Latest stories
Insights, perspectives, and research from our team on climate risk, parametric insurance, data science, and the future of risk transfer.
Our Team
We’re a dynamic group of individuals who are passionate about what we do
Aavrit Singhal
LinkedInChief Product Officer
With over a decade of experience in non-life and agriculture insurance marketing, his expertise spans strategic policy, business development, and product management, with a knack for addressing intricate insurance challenges
Akshay Kumar
LinkedInAnalyst - Software Development
Full Stack specialist with cloud-native experience, he designs automated ETL data pipelines and scalable services on GCP for real-time claims monitoring dashboards and workflows using Python, BigQuery, Cloud Run, Firebase, and Next.js
Hitarthi Mer
LinkedInActuarial Analyst
Working in parametric insurance pricing, and trigger design. She integrates actuarial models and statistical methods with technology-driven data systems to build transparent, data-driven insurance solutions
Malay Kumar Poddar
LinkedInManaging Director
Former Chairman and Managing Director of one of the largest crop insurance companies in the world, he has played a pivotal role in reshaping the landscape of Indian crop and rural insurance
Paras Jain
LinkedInProduct Associate
With experience across life and non-life insurance, he drives parametric insurance product innovation, pricing, and risk modelling in close collaboration with insurance companies and key stakeholders
ShivaKhumar R S
LinkedInChief Technology Officer
Leading Data Scientist with experience in machine learning and deep learning frameworks, he has expertise in translating complex challenges in insurance into structured analytic frameworks and generating actionable insights
Shreetu Nandi
LinkedInActuarial Analyst
Working on natural catastrophe and climate modelling, she supports pricing and actuarial analysis while driving actionable business insights and enabling informed decision-making for parametric insurance products
Siddesh Ramasubramanian
LinkedInChief Executive Officer
Having headed the Actuarial, R&D and Emerging Markets verticals of one of the largest crop insurance companies in the world, he has pioneered innovative end-to-end insurance solutions benefitting millions of customers
Frequently Asked Questions
If you have anything else you want to ask, reach out to us.
What is Index Insurance?
Index Insurance offers pre-determined claims for specific defined events with a given intensity, streamlining the claims process
Why choose InRisk for Index Insurance Solutions?
InRisk innovates Index Insurance with data-driven frameworks, ensuring maximum value and tailored products for clients
How does InRisk operate? Is it a broker/intermediary?
InRisk is an insurtech company which partners with intermediaries and (re)insurers offering them customized index insurance products and solutions
How long does it take for an Index Insurance product to be developed?
Index Insurance product can be developed instantly using InRisk's proprietary product configuration tool by simply providing risk contours
What are the advantages of Index Insurance?
Index Insurance ensures transparency, rapid claim settlements, reduced operational costs, scalability, and easy tech integration
How is Index Insurance different from Traditional Insurance?
Index Insurance has a preset benefit structure, unlike traditional insurance where claim surveys, deductibles, exclusions and sub-limits apply
How is basis risk reduced by InRisk’s Smart Index Insurance solutions?
InRisk minimizes basis risk with thorough research and AI/ML tools, effectively bridging the gap between actual and insured losses
How long does it take to compute and finalise the claims ?
The InRisk platform's real-time claim monitoring capability guarantees that claims are processed instantly following the update of source data
What can be covered under Index Insurance?
It covers a wide range, including economic losses without damage, loss of profits, increased working costs, and small-scale risks
Can Index Insurance replace Indemnity-based Insurance?
No, Index Insurance complements traditional insurance, enhancing coverage but not replacing indemnity-based policies
What are the considerations while designing Index Insurance solutions?
Index Insurance Products must ensure data sources and parameters accurately reflect losses and are readily accessible
What additional business insights are offered by InRisk?
InRisk can provide early warnings for claims by analyzing data trends allowing our partners to prepare for potential claims more effectively
Reach Out to Us
Want to visit our office or speak with us?