Weather Risk Management Services
WRMS is a Gurugram-based climate risk management company that designs parametric insurance products and digital farm, climate analytics, and logistics platforms for governments, agribusinesses, insurers, and smallholder farmers across 30+ emerging markets.
- Company typePrivate
- Founded2005
- HeadquartersHaryana, India
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Weather Risk Management Services does
Weather Risk Management Services (WRMS) is a Gurugram-headquartered climate risk management and parametric insurance technology company founded in 2004–2005 that designs, prices, and operates weather-indexed insurance products for governments, agricultural businesses, insurance and reinsurance companies, financial institutions, and smallholder farmers. The company's core proposition is replacing slow, subjective traditional crop and weather insurance with parametric triggers that fire automated payouts when predefined rainfall, temperature, or wind thresholds are breached, eliminating on-site loss assessment and compressing claim cycles from months to days (e.g., PGK 18,400 disbursed in Papua New Guinea within 14 days).
Its technology stack integrates a 15,000+ device IoT climate network, satellite imagery, ground weather stations, drone data, and CMIP6 climate projections into a proprietary data repository. This data layer underwrites a four-product platform: SecuRisk (parametric insurance product design, underwriting, and automated claims calculation), SecuSense (climate data and analytics), SecuFarm (digital farm management with pest/disease AI recommendations and yield protection for smallholders), and SecuTrak (logistics tracking with SecuLock smart e-lock technology). The company manages parametric portfolios valued at over $5B and reports serving 10M+ beneficiaries across 30+ countries including India, Fiji, Tonga, Vanuatu, Solomon Islands, Papua New Guinea, Tuvalu, Honduras, Indonesia, Bangladesh, Cambodia, and Haiti.
WRMS monetizes through parametric insurance premiums and policy fees, subscription-based access to SecuSense data and the SecuFarm/SecuTrak platforms, custom product design fees for insurers and reinsurers, and grant-funded development projects from institutions including InsuResilience Solutions Fund, KfW Development Bank, and UNCDF. The go-to-market is enterprise-led, combining direct B2B sales to governments and large agribusinesses (PepsiCo, UPL, Mother Dairy, HDFC Ergo, Bank of Baroda, Samunnati) with channel partnerships via local insurers, development organizations, and agricultural value-chain intermediaries. The company remains privately held and founder-led, with Anuj Kumbhat as Founder & CEO and Sonu Agrawal as Founder & Managing Director, and has not disclosed institutional equity rounds beyond a 2016 raise from SIDBI SIIC and UPL.
Weather Risk Management Services firmographics
Firmographics- Name
- Weather Risk Management Services
- Legal name
- Weather Risk Management Services Pvt. Ltd.
- Website
- https://wrmsglobal.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- WRMS is a Gurugram-based climate risk management company that designs parametric insurance products and digital farm, climate analytics, and logistics platforms for governments, agribusinesses, insurers, and smallholder farmers across 30+ emerging markets.
- Ownership category
- akta.pro rank
Weather Risk Management Services industry classification
Industry- Product category
- Climate Risk Management Software
- NAICS
- Insurance Agencies and Brokerages (524210), Computer Systems Design and Related Services (54151), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- IoT/Connected Risk Prevention & Parametric Triggers Platforms (FSAGAGAG)
- akta.pro secondary industries
- Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF), Early Warning, Event Monitoring & Forecasting (Extreme Weather Alerts, Nowcasting) (EUABALAJ), Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB), Downscaled Climate Projections & Scenario Analytics (CMIP, SSP/RCP, Regionalization) (EUABALAB)
Keywords
Where Weather Risk Management Services is headquartered
LocationHeadquarters
- HQ city
- Haryana
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Weather Risk Management Services business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Parametric Insurance Products: WRMS designs and implements parametric insurance products for governments, insurers, agribusinesses, and farmers. Revenue is generated through insurance premiums, policy fees, and product design fees. The company serves as technical partner for product design and claims calculation.
- Climate Data & Analytics (SecuSense): Sale of real-time climate data, analytics, and insights to insurers, businesses, and governments for risk assessment and decision-making.
- Farm Management Platform (SecuFarm): Digital farm management platform providing crop monitoring, yield protection, and market linkage services to farmers and agricultural businesses.
- Logistics Tracking (SecuTrak): Real-time tracking and logistics management solutions for supply chain operations.
- Grant-Funded Projects: The company receives grants from development funds (InsuResilience Solutions Fund, KfW Development Bank, UNCDF) for specific climate resilience projects targeting smallholder farmers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | SecuFarm yield guarantee solutions for smallholder farmers in India targeting 100,000 farmers with grant funding from InsuResilience Solutions Fund and KfW. |
| Subscription | Annual | Parametric insurance products with annual premiums for policyholders |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
Weather Risk Management Services product offering
Product offeringCore offering
WRMS designs, builds, and operates parametric (weather-indexed) insurance products and climate risk management software platforms for governments, agricultural businesses, insurers, and financial institutions in emerging economies. Its offering combines four proprietary platforms — SecuRisk (parametric insurance design and claims), SecuSense (climate analytics), SecuFarm (digital farm management), and SecuTrak (logistics tracking) — backed by a 15,000+ device IoT network, satellite and weather station data, and AI-driven analytics for automated, trigger-based payouts.
Product overview
WRMS offers a portfolio of four interconnected platforms for climate risk management and agricultural services. SecuRisk serves as the core parametric insurance platform for product design and claims processing. SecuSense provides climate data analytics to inform risk decisions. SecuFarm delivers agricultural monitoring and farm management to protect farmer livelihoods. SecuTrak extends the platform to logistics and supply chain tracking. Together, these products enable end-to-end climate risk management from weather monitoring to financial protection.
Differentiator
Problem solved
Functional benefit
Brands
- SecuRisk: Scalable parametric insurance platform featuring transparent underwriting, product design, capacity building, and claims calculation modules supported by a global data repository and seamless tech integration.
- SecuSense
- SecuFarm
- SecuTrak
- SecuLock
Products and services
- SecuRisk Scalable parametric insurance platform that enables insurers, reinsurers, governments, and agribusinesses to design, underwrite, and process weather-indexed insurance products with transparent underwriting, product design, capacity building, and claims calculation modules, supported by a global data repository and seamless tech integration. Users can calculate premiums, design tailored products, submit applications, and manage client information in one place.
- SecuSense Climate insights platform that integrates global datasets with advanced analytics to enable insurers, businesses, and governments to make data-driven decisions on weather risks and sustainability strategies, using real-time climate data to optimize value chains and identify key risks.
- SecuFarm Digital farm management and crop monitoring platform for farmers and agricultural businesses, providing real-time weather insights, precision farming data, automated alerts, crop yield protection through insurance-backed compensation, IoT/satellite/drone-based monitoring, sustainable farming recommendations, AI-driven pest and disease management, and market linkage support.
- SecuTrak Intelligent logistics tracking solution offering real-time vehicle tracking, dynamic route optimization, simplified trip management, and comprehensive trip insights, with SecuLock smart e-lock technology providing tamper-proof protection, GPS/OTP security, and hijack recovery support for agriculture, courier, cargo, mining, railways, and dairy supply chains.
Quantifiable outcome
- Successfully ran potato blight insurance program for 10+ years covering 10,000+ farmers
- +5 more outcomes
Companies that use Weather Risk Management Services
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles5 records
Weather Risk Management Services technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature8 records
Weather Risk Management Services partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core, major and minor.
- Ingen TechnologiescorePartnership with Ingen Technologies for implementing yield guarantee solutions in India with local entities across several Indian states.
- United Nations Capital Development Fund (UNCDF)coreWRMS served as technical partner with UNCDF for the 'Developing Climate Disaster Risk Financing Framework and Parametric insurance' project in Pacific Island countries including Fiji, Tonga, and Vanuatu. WRMS performed weather index modeling and developed affordable climate risk insurance products.
- GIZcoreDevelopment organization partner for climate risk management projects and capacity building.
- UPLcoreCollaboration with UPL to develop Weather Index Insurance product for Honduran farmers, bundled with agricultural inputs for comprehensive climate risk protection.
- Mother DairymajorPartnership for agricultural supply chain climate risk management and value chain solutions.
- PepsiCocoreLong-standing partnership for contract farming programs with climate risk insurance, including potato blight coverage for 10,000+ farmers over 10+ years.
- Government of Uttar PradeshmajorGovernment partnership for climate risk management services and agricultural development programs.
- HDFC ErgomajorInsurance partnership for climate risk insurance products distribution in India.
- Bank of BarodamajorBanking partnership for financial services and agricultural risk management products.
- SamunnatimajorAgricultural value chain finance company partnership for climate risk management in agricultural supply chains.
- WWFminorEnvironmental organization partnership for sustainable agriculture and climate resilience programs.
- Women's Micro Bank (Papua New Guinea)majorPartnership for parametric microinsurance program providing earthquake coverage to microbank customers in Papua New Guinea.
- Pacific RecoreReinsurance partner for parametric insurance program in Papua New Guinea.
- Pacific MMIcoreInsurance partner for parametric microinsurance program implementation in Papua New Guinea.
- TrigaCashcoreSolomon Islands' first parametric microinsurance product for heavy rainfall and cyclone coverage, implemented under PICAP with UNCDF support.
- Pacific Insurance and Climate Adaptation Programme (PICAP)coreRegional program supporting parametric microinsurance deployment in Solomon Islands, Fiji, Tonga, and Vanuatu.
- Pacific Insurance and Climate Adaptation Programme (PICAP)coreProgram implementing Tuvalu's first high-tide parametric insurance solution for coastal flooding and sea-level rise protection.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Weather Risk Management Services competitors and assessment
Company assessmentDirect peers
- Tomorrow.io: Weather intelligence platform offering hyperlocal forecasting, weather data APIs, and weather risk management for enterprises. Both companies sell climate data and risk analytics to enterprises and operate weather-sensor networks as core infrastructure.
- Cropin: India-based agricultural intelligence platform providing farm management, crop monitoring, and predictive analytics for agribusinesses. Competes with WRMS's SecuFarm in Indian and Southeast Asian smallholder markets.
- Ignitia: Tropical weather forecasting company delivering highly localized weather intelligence for West African farmers via SMS. Overlaps with WRMS's parametric insurance and smallholder farmer focus in emerging markets.
- aWhere: Agricultural weather and climate data platform providing global agronomic insights for agribusinesses and development organizations. Comparable to WRMS in combining weather data with agricultural risk analytics for emerging markets.
- Etherisc: Decentralized parametric insurance protocol building blockchain-based insurance products for crop, flight, and hurricane risks. Direct competitor in the parametric insurance infrastructure layer, particularly for emerging-market microinsurance.
Broad incumbents
- AXA Climate: Climate-focused subsidiary of global insurer AXA offering parametric insurance, climate adaptation consulting, and nature-based solutions. Comparable parametric offerings backed by significantly larger balance sheet and brand.
- Descartes Labs: Geospatial analytics company providing satellite-based earth observation and supply chain intelligence. Comparable in using satellite data and ML for climate/agriculture risk analytics, but broader enterprise focus.
- Munich Re: Global reinsurer with one of the largest parametric insurance portfolios worldwide, including agricultural and weather-triggered products. Represents both a competitor for end-customers and a potential reinsurance partner for WRMS-structured portfolios.
- Swiss Re: Leading global reinsurer offering parametric insurance solutions for natural catastrophes, agriculture, and emerging-market climate risks. Similar portfolio-management role to WRMS but at vastly larger scale and balance sheet.
Emerging players
- Apollo Agriculture: Kenya-based agritech platform providing smallholder farmers with credit, inputs, and crop insurance using satellite and machine learning data. Overlaps with WRMS on bundled climate risk products for emerging-market farmers, particularly in Africa where WRMS is less present.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Weather Risk Management Services social profiles
Digital presenceWeather Risk Management Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Weather Risk Management Services leadership team
Management profileNumber of profiles
Profiles4 records
Weather Risk Management Services funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Weather Risk Management Services 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 Weather Risk Management Services
What does Weather Risk Management Services do?
WRMS designs, builds, and operates parametric (weather-indexed) insurance products and climate risk management software platforms for governments, agricultural businesses, insurers, and financial institutions in emerging economies. Its offering combines four proprietary platforms — SecuRisk (parametric insurance design and claims), SecuSense (climate analytics), SecuFarm (digital farm management), and SecuTrak (logistics tracking) — backed by a 15,000+ device IoT network, satellite and weather station data, and AI-driven analytics for automated, trigger-based payouts.
Is Weather Risk Management Services a public or private company?
Weather Risk Management Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Weather Risk Management Services founded?
Weather Risk Management Services was founded in 2005. It employs 101 to 250 people.
Where is Weather Risk Management Services based?
Weather Risk Management Services is headquartered in Haryana, India, in the Asia region.
How does Weather Risk Management Services make money?
Five revenue lines are on record. Parametric Insurance Products are the primary driver. The others are climate Data & Analytics (SecuSense), farm Management Platform (SecuFarm), logistics Tracking (SecuTrak) and grant-Funded Projects.
Who are Weather Risk Management Services's main competitors?
Direct peers on record are Tomorrow.io, Cropin, Ignitia, aWhere and Etherisc. Broad incumbents are AXA Climate, Descartes Labs, Munich Re and Swiss Re. Apollo Agriculture is listed as an emerging player.
Does Weather Risk Management Services have an API?
No public API is recorded for Weather Risk Management Services.
What industry is Weather Risk Management Services in?
Weather Risk Management Services's product category is Climate Risk Management Software. Its primary akta.pro industry code is FSAGAGAG, IoT/Connected Risk Prevention & Parametric Triggers Platforms, with a secondary code of EUABALAF, Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric). Its NAICS code is 524210 and its SIC code is 6411.