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 by Bessemer Venture Partners and Northpoint Capital. The fresh capital will be used to strengthen the startup’s underwriting, actuarial, catastrophe modelling and AI capabilities. It also plans to expand into new non-life insurance segments, develop parametric and structured reinsurance products, and meet regulatory capital requirements to scale its subsidiary EarthRe’s operations