InRisk Labs has raised $27 million in a Series A co-led by Bessemer Venture Partners and Northpoint Capital, with valuation and dilution undisclosed.
Its subsidiary EarthRe Insurance IFSC Limited has received a reinsurance licence from the IFSCA at GIFT City, which the company says makes it the first incorporated reinsurer licensed there.
The licence changes what the company is. It moves from selling parametric technology to insurers to holding underwriting risk on its own regulated balance sheet, and part of this round goes to regu…
No premium volumes, revenue, capital base, retention levels or loss ratios have been disclosed, and the $10 billion market figure is the company's own.
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