Weather Risk Management Services

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.

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

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

• Parametric insurance
• Climate risk management
• Agricultural insurance
• Weather analytics
• Farm management

Headquarters

HQ city

Haryana

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. 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.
2. Climate Data & Analytics (SecuSense): Sale of real-time climate data, analytics, and insights to insurers, businesses, and governments for risk assessment and decision-making.
3. Farm Management Platform (SecuFarm): Digital farm management platform providing crop monitoring, yield protection, and market linkage services to farmers and agricultural businesses.
4. Logistics Tracking (SecuTrak): Real-time tracking and logistics management solutions for supply chain operations.
5. 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

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core 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

Named customers14 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature8 records

Partnerships

17 partnerships are on record, tiered core, major and minor.

• Ingen TechnologiescoreTechnology or Integration · 13 June 2022Partnership with Ingen Technologies for implementing yield guarantee solutions in India with local entities across several Indian states.
• United Nations Capital Development Fund (UNCDF)coreStrategic or Co-development Partner · 1 August 2021WRMS 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.
• GIZcoreStrategic or Co-development PartnerDevelopment organization partner for climate risk management projects and capacity building.
• UPLcoreStrategic or Co-development PartnerCollaboration with UPL to develop Weather Index Insurance product for Honduran farmers, bundled with agricultural inputs for comprehensive climate risk protection.
• Mother DairymajorStrategic or Co-development PartnerPartnership for agricultural supply chain climate risk management and value chain solutions.
• PepsiCocoreStrategic or Co-development PartnerLong-standing partnership for contract farming programs with climate risk insurance, including potato blight coverage for 10,000+ farmers over 10+ years.
• Government of Uttar PradeshmajorStrategic or Co-development PartnerGovernment partnership for climate risk management services and agricultural development programs.
• HDFC ErgomajorChannel Partner/ Reseller/ DistributorInsurance partnership for climate risk insurance products distribution in India.
• Bank of BarodamajorChannel Partner/ Reseller/ DistributorBanking partnership for financial services and agricultural risk management products.
• SamunnatimajorStrategic or Co-development PartnerAgricultural value chain finance company partnership for climate risk management in agricultural supply chains.
• WWFminorStrategic or Co-development PartnerEnvironmental organization partnership for sustainable agriculture and climate resilience programs.
• Women's Micro Bank (Papua New Guinea)majorChannel Partner/ Reseller/ DistributorPartnership for parametric microinsurance program providing earthquake coverage to microbank customers in Papua New Guinea.
• Pacific RecoreStrategic or Co-development PartnerReinsurance partner for parametric insurance program in Papua New Guinea.
• Pacific MMIcoreStrategic or Co-development PartnerInsurance partner for parametric microinsurance program implementation in Papua New Guinea.
• TrigaCashcoreStrategic or Co-development PartnerSolomon Islands' first parametric microinsurance product for heavy rainfall and cyclone coverage, implemented under PICAP with UNCDF support.
• Pacific Insurance and Climate Adaptation Programme (PICAP)coreStrategic or Co-development PartnerRegional program supporting parametric microinsurance deployment in Solomon Islands, Fiji, Tonga, and Vanuatu.
• Pacific Insurance and Climate Adaptation Programme (PICAP)coreStrategic or Co-development PartnerProgram 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

Direct 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

• Xx.com/WRMSLTD
• Facebookfacebook.com/WRMSLTD
• LinkedInlinkedin.com/company/weather-risk

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors3 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 Weather Risk Management Services