IBISA
- Company typePrivate
- Founded2019
- HeadquartersLuxembourg, Luxembourg
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
IBISA firmographics
Firmographics- Name
- IBISA
- Legal name
- IBISA NETWORK
- Website
- https://ibisa.network
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
IBISA industry classification
Industry- Product category
- Parametric Climate Insurance Platform
- NAICS
- Other Insurance Related Activities (52429), Insurance Agencies and Brokerages (524210)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF)
- akta.pro secondary industry
- Early Warning, Event Monitoring & Forecasting (Extreme Weather Alerts, Nowcasting) (EUABALAJ)
Keywords
Where IBISA is headquartered
LocationHeadquarters
- HQ city
- Luxembourg
- HQ country
- Luxembourg
- HQ region
- Europe
Offices2 records
Markets served
IBISA business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Supply Chain
Revenue model
- Parametric Insurance Premiums: IBISA designs and operates parametric insurance products, charging premiums for coverage against climate risks including drought, excess rainfall, heat stress, cyclones, and solar irradiance shortfall. Products are distributed through MFIs, cooperatives, aggregators, and direct enterprise sales.
- Platform Licensing & API Access: Provides platform technology (indices, triggers, payout management, analytics) to insurers, brokers, and distribution partners via API-first integration. White-labeled solutions for partners.
- Large-Scale Resilience Program Fees: Designs and operates large-scale resilience programs for sovereign entities, development organisations, and reinsurance pools. Handles complex data and payout logic for national-level protection schemes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise / Direct Sales |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
IBISA product offering
Product offeringCore offering
IBISA designs, distributes, and manages parametric climate insurance products that pay out automatically when objective weather indices (satellite and ground-based) cross predefined thresholds, eliminating loss adjusters and paperwork. The offering combines an end-to-end platform (real-time index monitoring, no-code product designer, automated blockchain or mobile money payouts, portfolio analytics, and reinsurance reporting) with ready-made insurance products across agriculture (drought, excess rainfall, heat stress, cyclones, yield index) and renewable energy (solar irradiance), sold to enterprises and smallholders across emerging markets.
Product overview
IBISA offers a platform-plus-products architecture for parametric climate insurance. The IBISA Platform serves as the central control room providing real-time index monitoring, automated payout execution, portfolio analytics, product designer, and reinsurance reporting capabilities. The platform powers distinct insurance products across two primary markets: Agriculture Insurance covering drought, excess rainfall, heat stress, cyclones, and yield index for crops and livestock; and Renewable Energy Insurance providing solar irradiance coverage. Supporting products include Ushma Kavach (heat stress insurance for dairy farmers launched February 2024), ClimaCash+ (suite of weather-specific covers developed with VisionFund launched December 2024 in Kenya), and RING (transparency and visibility platform for real-time coverage monitoring). Products utilize high-precision satellite data from sources including ECMWF, ESA, CHIRPS, IBTracs, TAMSAT, and IMD combined with proprietary algorithms to create tamper-proof indices that trigger automatic payouts.
Differentiator
Problem solved
Functional benefit
Brands
- ClimaCash+: Suite of parametric climate insurance products including FloodCash, HeatCash, RainCash, and DroughtCash for rapid cash assistance during climate events
- Ushma Kavach
- RING
Products and services
- IBISA Platform Central control room for parametric insurance operations providing real-time weather index monitoring via satellite and ground data, automated payout execution when triggers fire, portfolio analytics with loss ratios and exposure heatmaps, a visual no-code product designer for defining indices and triggers, and reinsurance reporting capabilities. Used by insurers, brokers, MFIs, cooperatives, and enterprise partners.
- Agriculture Insurance Parametric insurance products protecting agricultural yields against climate hazards including drought (rainfall deficit index), excess rainfall (flooding and waterlogging), heat stress (temperature index for heat-sensitive crops), cyclone and storm damage (wind speed index), and yield index covers benchmarked to local area averages. Targets smallholder farmers, agribusinesses, and rural lenders.
- Renewable Energy Insurance Solar irradiance parametric covers protecting independent power producers, financiers, and asset owners against weather-driven revenue shortfalls from radiation deficit. Provides GHI/POA index coverage for utility and commercial & industrial solar projects.
- Ushma Kavach Parametric heat stress insurance for dairy farmers that automatically triggers payouts when temperature thresholds are breached, without lengthy claims processes. Addresses the protection gap in the Indian dairy sector where heat stress reduces milk production by up to 30%.
- ClimaCash+ Suite of parametric climate insurance products including FloodCash (flooding), HeatCash (extreme heatwaves), RainCash (intense rainfall), and DroughtCash (extended drought). Launched in Kenya with rapid payouts triggered by objective weather indicators.
- RING Transparency and visibility platform providing real-time monitoring of parametric insurance coverage including covered locations, climate conditions, weather evolution, index performance, and trigger progression accessible during active coverage periods.
Quantifiable outcome
- 180,000+ smallholders covered across 12 countries
- +5 more outcomes
Companies that use IBISA
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles6 records
IBISA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature7 records
IBISA partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core and supporting.
- Prompt DairyTechcorePartnership announced February 2026 to strengthen climate resilience in India's dairy sector. Prompt DairyTech specializes in digital automation and quality control solutions across the milk supply chain. Accelerates adoption of Ushma Kavach heat stress insurance.
- VisionFundcoreLaunched ClimaCash+ parametric climate insurance suite (December 2024). VisionFund is the financial empowerment arm of World Vision operating in 25 countries. Collaboration enables distribution through local channels for FloodCash, HeatCash, RainCash, and DroughtCash products in Kenya.
- DHAN FoundationcorePartnership developed in case study with InsuResilience Solutions Fund (ISF). DHAN Foundation provides integrated climate protection including index-based crop insurance, livestock insurance, agri-advisory services, and climate-smart agriculture. 555,000+ farmers benefiting across six Indian states.
- InsuResilience Solutions Fund (ISF)coreCo-developed case study with IBISA and DHAN Foundation highlighting integrated climate protection for smallholder farmers in India.
- ESA (European Space Agency)coreData provider for satellite imagery and earth observation data used in parametric insurance indices.
- ECMWF (European Centre for Medium-Range Weather Forecasts)coreVerified data source for global weather data used in parametric insurance products. Partnered since at least 2026 for El Niño forecasting.
- IBTracscoreVerified data source for cyclone tracking and information used in parametric insurance triggers.
- TAMSATcoreVerified data source for African rainfall and weather data used in regional parametric insurance products.
- IMD (India Meteorological Department)coreVerified data source for Indian weather data used in parametric insurance products for India operations.
- CHIRPSsupportingData provider for satellite-derived rainfall and climate data used in index monitoring.
- HDFC ERGOsupportingDistribution partner for parametric insurance products in India. One of the largest general insurance companies in India.
- ICICI LombardsupportingDistribution partner for insurance products in India. Leading private sector general insurance company.
- Global ParametricssupportingPartner in parametric risk management and climate insurance solutions ecosystem.
- MillimansupportingPartner providing actuarial expertise and risk modeling for parametric insurance products.
- WFP (World Food Programme)supportingDistribution and implementation partner for climate resilience programs targeting vulnerable communities.
- SEWA (Self-Employed Women's Association)supportingDistribution partner in India for reaching informal women workers with parametric insurance products.
- VisionFundcoreFinancial empowerment and livelihood arm of World Vision. Distribution partner for ClimaCash+ products in Kenya and beyond.
- CLIMBSsupportingInsurance cooperative partner in the Philippines providing distribution for parametric products.
- Future GeneralisupportingIndian insurance company distributing parametric climate insurance products.
- SolarSquaresupportingPartner providing solar energy solutions in India; IBISA provides irradiance-based parametric coverage.
Scale indicators8 records
Recent moves6 records
IBISA competitors and assessment
Company assessmentDirect peers
- Pula: Pula designs and distributes agricultural insurance and digital advisory for smallholder farmers across Africa and Asia. It is the most direct comparator to IBISA's smallholder parametric insurance model and embedded MFI distribution.
- WorldCover: WorldCover provides parametric crop insurance to smallholder farmers in emerging markets, using satellite indices and mobile money payouts. Closely overlaps with IBISA's core product, distribution, and customer segments.
- ACRE Africa: ACRE Africa (formerly Kilimo Salama) is a pioneering agriculture insurance provider in East Africa offering index-based products to smallholders via MFI and cooperative channels — a near-direct competitor in Kenya and neighboring markets.
- Arbol: Arbol is a parametric weather and climate risk platform that connects data providers, capital, and end-buyers. It competes with IBISA in the parametric infrastructure layer serving insurers and enterprise risk-transfer buyers.
- Descartes Underwriting: Descartes Underwriting specializes in parametric insurance for climate and weather risks across property, energy, and agriculture. Comparable to IBISA on product design, data-driven triggers, and enterprise distribution.
- Global Parametrics: Global Parametrics provides parametric risk transfer and climate resilience solutions, including meso-level and sovereign pools. Listed as a current IBISA partner but also a peer in the parametric risk-transfer ecosystem.
Emerging players
- Etherisc: Etherisc builds decentralized parametric insurance protocols using blockchain technology — similar technology stack and automation ethos to IBISA's on-chain payout execution, but with broader protocol ambitions beyond climate.
- OKO Finance: OKO provides mobile-delivered parametric crop insurance to smallholder farmers in Africa, with similar mobile-money-driven distribution. Comparable in target customer and use case though narrower geographically.
Broad incumbents
- Swiss Re: Swiss Re is a leading global reinsurer with growing parametric and climate-resilience capabilities. Represents both a potential capital partner and a broad incumbent that could disintermediate parametric platforms.
Others
- Munich Re: Munich Re is a top-tier global reinsurer expanding its parametric and climate-insurance offerings via partnerships and direct products. A broad incumbent providing both reinsurance capacity to parametric platforms and competing solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
IBISA social profiles
Digital presenceIBISA financial estimates
Financial estimateRevenue estimate
Valuation estimate
IBISA leadership team
Management profileNumber of profiles
Profiles3 records
IBISA subsidiaries and ownership
Company hierarchySubsidiaries1 record
IBISA funding detail
Funding detailFunding overview
Funding rounds6 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IBISA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IBISA
What does IBISA do?
IBISA designs, distributes, and manages parametric climate insurance products that pay out automatically when objective weather indices (satellite and ground-based) cross predefined thresholds, eliminating loss adjusters and paperwork. The offering combines an end-to-end platform (real-time index monitoring, no-code product designer, automated blockchain or mobile money payouts, portfolio analytics, and reinsurance reporting) with ready-made insurance products across agriculture (drought, excess rainfall, heat stress, cyclones, yield index) and renewable energy (solar irradiance), sold to enterprises and smallholders across emerging markets.
Is IBISA a public or private company?
IBISA is a private company. It is classified as venture growth investor backed and is currently operating.
When was IBISA founded?
IBISA was founded in 2019. It employs 11 to 50 people.
Where is IBISA based?
IBISA is headquartered in Luxembourg, Luxembourg, in the Europe region.
How does IBISA make money?
Three revenue lines are on record. Parametric Insurance Premiums are the primary driver. The others are platform Licensing & API Access and large-Scale Resilience Program Fees.
Who are IBISA's main competitors?
Direct peers on record are Pula, WorldCover, ACRE Africa, Arbol, Descartes Underwriting and Global Parametrics. Emerging players are Etherisc and OKO Finance. Swiss Re is listed as a broad incumbent. Munich Re is listed as an others.
Does IBISA have an API?
Yes. IBISA provides Open APIs for integration with core insurance systems, ERP platforms, and distribution stacks. The platform supports API-first integration enabling partners to connect with their existing technology infrastructure. Features include real-time index monitoring data access, automated payout execution capabilities, and reinsurance reporting interfaces.
What industry is IBISA in?
IBISA's product category is Parametric Climate Insurance Platform. Its primary akta.pro industry code is EUABALAF, Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric), with a secondary code of EUABALAJ, Early Warning, Event Monitoring & Forecasting (Extreme Weather Alerts, Nowcasting). Its NAICS code is 52429 and its SIC code is 6411.