WRMS Sets Ambitious Expansion Plan to Boost Climate Resilience Across Latin America
Targets eight key Latin American countries with tailored solutions to enhance sustainability and drive economic growth.
WRMS, the leading climate risk management company, is all set to expand its operation into key Latin American countries: Argentina, Paraguay, Colombia, Brazil, Chile, Ecuador, Peru, Uruguay, and the rest of the countries. The strategic expansion will go a long way in bringing climate resilience for sustainable growth within the region.
WRMS focuses on those countries because of their large agricultural sector, emerging markets, and increasing climate risk management awareness. WRMS sees high potential to respond to local challenges linked to climate change and strives to contribute to economic and environmental sustainability for those regions.
The expansion of its operations will enhance resilience to climate challenges by implementing solutions that help businesses and communities adapt to adverse climate conditions. WRMS aims to bridge the protection gap by providing innovative risk management and insurance solutions designed to mitigate the financial impacts of climate events. This growth will also support the transition to a low-carbon economy through sustainable practices. The expansion efforts will focus on empowering local communities by building capacity and supporting their sustainable development initiatives. WRMS remains dedicated to fostering long-term resilience and sustainability, paving the way for a climate-resilient future in the region.
WRMS will adopt climate risk management solutions tailored to the specific needs of the Latin American market, addressing both transition and physical risks. The newest climate modeling tools and domain expertise will be applied to create solutions that fit the local context. These solutions will be customized to meet regional regulatory standards and cultural expectations, ensuring they are practical and effective in this diverse market.
WRMS’s advanced risk management and innovative insurance solutions for climate risks will empower local businesses to tackle climate-related challenges while also enhancing operational efficiency. By focusing on the global ESG goals, the company will drive the implementation of sustainable practices and productivity improvements across the value chain. This approach will also help local communities reduce financial losses from catastrophic events through financial inclusion and create jobs through public-private partnership programs.
WRMS is set to work closely with local insurers, government agencies, NGOs, and agricultural cooperatives to effectively implement its risk management and insurance solutions. Such a partnership would facilitate effective distribution, regulatory compliance, and capacity building.The products will be adapted to specific regional risks and regulatory environments by collecting hyper-local climate and socioeconomic data, while also considering cultural implications. Notably, this includes cyclone insurance in Haiti and crop insurance in Honduras. Moving forward, strategic investments will be made in technology integration, local partnerships, and workforce development, contributing to the creation of thousands of jobs.
“The expansion in Latin America will prove to be one of the most significant milestones for WRMS, showing our commitment to support global climate resilience in some of the most weather-vulnerable regions,” said Mr. Anuj Kumbhat, Founder & CEO of WRMS. “We are committed to not only protecting businesses but also ensuring the sustainability of the local communities in these critical regions through our financial tools and customized solutions.
This expansion reflects WRMS’s long-term commitment to the region, aiming to build a multi-sector presence in infrastructure, renewable energy, and urban planning. WRMS will establish strategic partnerships and continuously adapt its solutions to support the region’s economic growth and resilience. Aligned with the broader strategic goal of becoming a leader in climate risk management, this move solidifies WRMS’s role as a key partner in delivering tailored climate risk solutions that drive significant, lasting change across Latin America.
About WRMS
Founded in 2004 and incubated by IIT Kanpur, WRMS brings two decades of expertise in climate risk management, offering innovative and tailored solutions across multiple sectors. Partnering with organizations like SIDBI, IIT Kanpur, UPL, ILO, UNCDF, WFP and the Ford Foundation, WRMS has successfully delivered customized solutions and advisories on international projects through its SecuRisk platform and subsidiary Ingen Technologies Private Limited. Operating in over 20 countries globally, WRMS serves a diverse client base with a team of over 350 experts dedicated to addressing climate-related challenges.
