The InsuResilience Investment Fund (IIF) managed by impact investment manager BlueOrchard Finance Ltd (BlueOrchard) is investing up to USD6.7 million in Probus Insurance Broker Private Limited (Probus), a retail insurtech firm based in India.
Probus offers climate insurance coverage in India, a country highly exposed to various climate risks. The firm targets the needs of the poorest and most vulnerable, where insurance penetration is currently very low. Probus has comprehensive, tailor-made product offering with more than 80 per cent of its reach in the financially weakest cities of the country and rural areas.
