Bharat in BetaAgricultural warehouse rental insurance
Source
- Ankur Capital, IBISA investment rationale (opens in a new tab)IBISA's StoryPublished: 19 Aug 2024
The idea
Address weather-related risks around storage businesses.
Why this is interesting
- Storage businesses depend on what farmers and traders bring in after a harvest, so weather reaches them indirectly. This entry shows a weather trigger being extended to a business one step removed from the farm.
- The source is Ankur Capital explaining why it backed IBISA. This product line is an existing company’s offering described by its investor, so it is an example of an approach rather than evidence that buyers are unserved.
Possible starting points
Occupancy-linked cover
Test whether a weather trigger tracks the occupancy or rental income of storage operators in one region.
Storage operator risk interviews
Ask storage operators which weather events actually reduced their income in recent seasons.
Questions to answer
- Is the operator’s income risk driven by weather, prices or policy, and can a trigger isolate weather?
- Who would buy this cover: the operator, its lender or a platform it rents through?