IL
InRisk Labs
Fintech
Parametric insurance that uses objective data to trigger rapid payouts for climate and other risks.
Product
InRisk Labs structures parametric insurance around measurable indices such as weather or market data. Coverage pays when agreed thresholds are met, using the index trigger to determine eligibility.
Its products address risks including drought, floods, cyclones, market volatility and business interruption for organizations and insurance partners.
Funding history
1 round · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Series A | $27M | Bessemer Venture Partners — Lead |