IBISA

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

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

• Parametric climate insurance
• Index-based insurance
• Agricultural insurance
• Weather risk management
• Renewable energy insurance

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core 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

Named customers5 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

20 partnerships are on record, tiered core and supporting.

• Prompt DairyTechcoreStrategic or Co-development Partner · 12 February 2026Partnership 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.
• VisionFundcoreStrategic or Co-development Partner · 2 December 2024Launched 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 FoundationcoreStrategic or Co-development PartnerPartnership 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)coreStrategic or Co-development PartnerCo-developed case study with IBISA and DHAN Foundation highlighting integrated climate protection for smallholder farmers in India.
• ESA (European Space Agency)coreTechnology or IntegrationData provider for satellite imagery and earth observation data used in parametric insurance indices.
• ECMWF (European Centre for Medium-Range Weather Forecasts)coreTechnology or IntegrationVerified data source for global weather data used in parametric insurance products. Partnered since at least 2026 for El Niño forecasting.
• IBTracscoreTechnology or IntegrationVerified data source for cyclone tracking and information used in parametric insurance triggers.
• TAMSATcoreTechnology or IntegrationVerified data source for African rainfall and weather data used in regional parametric insurance products.
• IMD (India Meteorological Department)coreTechnology or IntegrationVerified data source for Indian weather data used in parametric insurance products for India operations.
• CHIRPSsupportingTechnology or IntegrationData provider for satellite-derived rainfall and climate data used in index monitoring.
• HDFC ERGOsupportingChannel Partner/ Reseller/ DistributorDistribution partner for parametric insurance products in India. One of the largest general insurance companies in India.
• ICICI LombardsupportingChannel Partner/ Reseller/ DistributorDistribution partner for insurance products in India. Leading private sector general insurance company.
• Global ParametricssupportingTechnology or IntegrationPartner in parametric risk management and climate insurance solutions ecosystem.
• MillimansupportingStrategic or Co-development PartnerPartner providing actuarial expertise and risk modeling for parametric insurance products.
• WFP (World Food Programme)supportingGTM or Marketing PartnerDistribution and implementation partner for climate resilience programs targeting vulnerable communities.
• SEWA (Self-Employed Women's Association)supportingChannel Partner/ Reseller/ DistributorDistribution partner in India for reaching informal women workers with parametric insurance products.
• VisionFundcoreChannel Partner/ Reseller/ DistributorFinancial empowerment and livelihood arm of World Vision. Distribution partner for ClimaCash+ products in Kenya and beyond.
• CLIMBSsupportingChannel Partner/ Reseller/ DistributorInsurance cooperative partner in the Philippines providing distribution for parametric products.
• Future GeneralisupportingChannel Partner/ Reseller/ DistributorIndian insurance company distributing parametric climate insurance products.
• SolarSquaresupportingChannel Partner/ Reseller/ DistributorPartner providing solar energy solutions in India; IBISA provides irradiance-based parametric coverage.

Scale indicators8 records

Recent moves6 records

Direct 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

• LinkedInlinkedin.com/company/ibisa-network

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IBISA