Ankur Indrakush, Founder & Managing Director, Plutas.AI: “India’s climate insurance story in 2025 has been defined by urgency and innovation. Rising climate-linked claims, sharper pricing of home and property risks, and a stark 93% protection gap have forced the ecosystem to rethink how we underwrite and deliver climate resilience.
Over the past year, we have seen a decisive pivot from reactive compensation to proactive, data-driven risk management.
The most important trend is the growing embrace of parametric insurance. From state-level pilots in Rajasthan, Nagaland and Kerala to active discussions on a national climate-linked scheme, stakeholders are recognising that automatic payouts based on objective weather triggers are faster, fairer, and more scalable than traditional assessment-heavy models.
Crucially, this shift is no longer limited to government-led programs. In 2025, insurers such as Bajaj General Insurance began launching parametric covers for retail customers, signalling that climate-linked protection is now moving decisively into the B2C mainstream alongside B2G deployments.
In parallel, insurers are rapidly integrating AI, satellite data, and digital platforms to model risk more precisely, automate triggers, and reach vulnerable segments with greater speed and transparency.
This convergence of data, regulation, and product innovation is redefining how climate risk is priced, distributed, and settled across the insurance value chain.”
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