adorsho praniSheba
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What is an InsurTech Company?

InsurTech (Insurance + Technology) companies are organizations that use modern technologies—such as Artificial Intelligence (AI), Internet of Things (IoT), Big Data and Machine Learning to innovate and simplify insurance services. These companies make processes like policy registration, risk assessment, claim submission and customer support more efficient and accessible. As a result, insurance services become more affordable, accessible and effective for the general population especially for marginalized and underserved communities.

adorsho praniSheba Limited is a Licensed InsurTech Company

adorsho praniSheba Limited is one of the few InsurTech organizations in Bangladesh that is approved and licensed by IDRA (Insurance Development and Regulatory Authority of Bangladesh). We utilize modern 4IR technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML) to support affordable insurance services by enabling muzzle-based livestock identification and real-time health monitoring.

Although we do not directly provide insurance services, we work in partnership with six IDRA (Insurance Development and Regulatory Authority of Bangladesh)-approved insurance companies: Sena Insurance PLC, Nitol Insurance, Green Delta Insurance, Union Insurance Company Limited, Pioneer Insurance Company Limited and Phoenix Insurance to assist farmers in accessing reliable insurance coverage. For farmers, we assist with registration, collection of required documents, claim submission, and technical support, so that they can receive up to 90% compensation of the livestock value within 15 working days.

Our IDRA-certified digital platform ensures financial protection for livestock, simplified access to insurance services and long-term economic stability for marginal farmers. Through our digital InsurTech solution, adorsho praniSheba Limited is tirelessly working to improve the quality of life for farmers across Bangladesh.

Based on the following license number and issue date, adorsho praniSheba Limited has been officially approved and licensed by the Insurance Development and Regulatory Authority of Bangladesh (IDRA).

License Number: 53.03.0000.017.16.035.2024

Issue Date: 13 June 2024

License Issued by IDRA (Insurance Development and Regulatory Authority of Bangladesh)

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Insurance Assistance for Farmers, Technology-Driven Solutions and IDRA Approval

adorsho praniSheba Limited is the first IoT-based livestock monitoring platform in Bangladesh that assists farmers in accessing affordable, effective and reliable insurance using advanced Fourth Industrial Revolution (4IR) technologies. Our technologies include AI (Artificial Intelligence), IoT (Internet of Things), Machine Learning and Cloud-based Monitoring Systems, which enable muzzle-based identification of livestock, real-time health monitoring and data-driven claim verification.

We do not provide insurance directly. Instead, we partner with several reputable IDRA (Insurance Development and Regulatory Authority of Bangladesh)-approved insurance companies to assist farmers with registration, document collection, claim submission, claim follow-up and continuous technical support. As a result, farmers can receive up to 90% compensation of their cattle’s value within just 15 working days, subject to verification.

adorsho praniSheba Limited is a licensed InsurTech company under IDRA and within the scope of this license, we are authorized to assist marginal farmers in accessing insurance services. Our IDRA-certified digital platform builds a bridge between rural farmers and formal insurance services, ensuring both financial security and economic stability.

We work in partnership with companies such as Sena Insurance PLC, Nitol Insurance, Green Delta Insurance, Pioneer Insurance Company Limited, Phoenix Insurance and Union Insurance Company Limited. Through our platform, farmers are now able to access not only livestock insurance but also crop insurance.

Additionally, we provide online veterinary services, forward market linkage, digital monitoring and operate a crowdfunding platform — offering investors an opportunity to directly contribute to improving the lives of farmers.

In the future, we plan to expand our services beyond livestock to include fisheries insurance and fire insurance. Our goal is to bring every farmer, livestock raiser and fish farmer under a modern, technology-driven and financially secure system.

adorsho praniSheba - Media