IBISA Parametric Crop and Livestock Insurance Platform

IBISA is a Luxembourg-based insurtech founded in 2019 that designs parametric insurance against extreme weather for farmers and renewable energy operators. Its team works across Asia, Africa and Latin America, distributing cover through insurers, brokers, microfinance institutions, rural banks, cooperatives and agribusinesses to reach smallholders who are hard to serve with traditional claims-based insurance.

The platform lets partners design indices, triggers and payout curves in a no-code product designer, then monitors each policy daily with satellite and ground data from sources such as ECMWF, ESA and CHIRPS. When trigger conditions are met, payouts run automatically on-chain or through mobile money, and dashboards report loss ratios, exposure heatmaps and reinsurance bordereaux.

• Product designer: no-code tool for defining indices, triggers and payout curves.
• Live index monitoring: satellite and ground data refreshed daily for each active policy.
• Automated payouts: settlement on-chain or via mobile money once triggers are met.
• Portfolio analytics: loss ratios, exposure heatmaps and trigger probability distributions.
• Reinsurance reporting: bordereaux, SCR-aligned reports and audit-ready data lineage.
• Open APIs: integration with core insurance systems, ERP and distribution platforms.

• Non-life insurers launching drought and salinity index cover for rice and fruit growers in the Mekong Delta.
• Microfinance institutions bundling typhoon cover with seasonal loans in central Vietnam.
• Dairy and coffee companies protecting supplier farmers against heat stress and rainfall shortfalls.

• Fast payouts: average payout time under 10 days and average trigger time of 4.2 days, with no field loss assessment.
• Lets MFIs and rural banks protect loan portfolios against drought, excess rain and cyclones.
• Gives insurers audit-ready data lineage and reinsurance reporting.
• Proven scale: more than 180,000 smallholders covered in 12 countries.

Climate extremes such as the El Nino cycle forecast for 2026 are widening the protection gap for smallholders, and regulators and development funders are backing parametric and index insurance as a faster, cheaper alternative. Southeast Asia, including Vietnam and the Philippines, faces typhoons, drought and saltwater intrusion, while agricultural insurance uptake remains low.

Founded in 2019 and based in Luxembourg, operating in 12 countries across Asia, Africa and Latin America. Raised 3 million USD in 2024 to scale across Asia and Africa. Launched ClimaCash+ with VisionFund in 2024, Ushma Kavach heat cover for Indian dairy farmers in 2025, and the RING transparency platform in 2026.