InRisk Labs Raises $27 Mn Series A to Expand AI-Powered Insurance and Reinsurance Platform

Aug 5, 2026 | By Nguyen Minh

InRisk Labs, an insurtech startup based in Ahmedabad, has raised US$27 million (around ₹256 crore) in a Series A funding round. The round was co-led by Bessemer Venture Partners and Northpoint Capital.

SUMMARY

InRisk Labs has raised $27 million (₹256 crore) in a Series A funding round.
The round was co-led by Bessemer Venture Partners and Northpoint Capital.
InRisk Labs develops AI-powered risk intelligence and parametric insurance solutions for the insurance and reinsurance industry.

The company will use the new investment to improve its underwriting, actuarial services, catastrophe modelling, and AI capabilities.

InRisk Labs also plans to expand into climate insurance and other non-life insurance segments, while growing its reinsurance business through its subsidiary, EarthRe.

At the same time, EarthRe Insurance IFSC Limited, a subsidiary of InRisk Labs, has received a reinsurance licence from the International Financial Services Centres Authority (IFSCA).

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According to the company, EarthRe is the first incorporated reinsurer to receive a licence at GIFT City IFSC. This allows the company to operate as a regulated reinsurer and marks its transformation from a technology-focused insurtech startup into a fully integrated reinsurance company.

"India will be the most consequential insurance market over the next two decades. To drive sustainable growth, we must build indigenous capacity and tailored solutions built by India, for India." said Malay Kumar Poddar, Chief Executive Officer, EarthRe.

Vishal Gupta, partner at Bessemer Venture Partners, said the firm first invested in InRisk Labs at the seed stage and has now increased its investment.

Sameer Brij Verma, founder and CIO of Northpoint Capital, said EarthRe combines a licensed reinsurance business with an AI-powered risk platform and strong underwriting expertise.

Founded in 2024 by Aavrit Singhal, Siddesh Ramasubramanian, Shivakhumar R S and Malay Kumar Poddar, InRisk Labs develops technology, data, and risk analysis tools that help insurance and reinsurance companies better understand and manage risks.

The company specializes in parametric insurance and reinsurance, using advanced technology to assess complex risks more accurately.

With parametric insurance, customers receive payouts automatically when predefined events, such as floods, earthquakes, or extreme weather, occur, without waiting for a traditional claims assessment.