- DANA Rain Protection is a parametric weather insurance product embedded into DANA’s QRIS payment flow, automatically compensating users IDR 50,000 when rainfall at their location reaches 2.5mm or more during the day of purchase.
- Claims are validated automatically using satellite precipitation data and the user’s GPS coordinates, with no paperwork or human adjudication required.
- The product marks the first time an all-in-one rain protection product has been made available to everyday consumers in Southeast Asia, deepening an existing partnership that already distributes five insurance products reaching the full extent of hundreds of millions of users.
Jakarta, 29 September 2026 — Igloo, Southeast Asia’s full-stack insurtech company building the operating system for insurance, today announced a partnership with DANA, one of Indonesia’s leading e-wallet platforms, to launch DANA Rain Protection, a parametric weather insurance product designed for consumers.
The product marks the first time an all-in-one rain protection product has been made available to everyday consumers, tailored to their lifestyles.
DANA Rain Protection automatically compensates users when rainfall at their location reaches 2.5mm or more during the coverage period. No paperwork and human adjudication are required, and claims are validated automatically using satellite precipitation data and the user’s GPS coordinates.
Protection against everyday disruption
At IDR 500 per policy, DANA Rain Protection addresses a category of risk that conventional insurance products do not cover. Rain disrupts the daily lives of millions of Indonesians. Ride-hailing prices surge, outdoor plans are cancelled, commutes are delayed, and small merchants lose critical foot traffic. Insurance penetration in Indonesia stands at 2.7%, among the lowest in the region, and everyday disruptions caused by weather remain entirely uninsured for the vast majority of the country’s 280 million people.
Historically sold to farmers protecting crop yields against drought or flood, parametric insurance changes the economics of protection. Because claims are triggered by a measurable external event (satellite-recorded precipitation) rather than by a loss assessment conducted by a human adjuster, the administrative cost per claim falls significantly.
“Parametric insurance has always solved a critical problem for farmers. What DANA Rain Protection shows is that the technology Igloo has built over the years can make something useful but niche, mainstream, directly benefiting the life of a commuter caught in a downpour,” said Raunak Mehta, Co-Founder and CEO of Igloo. “DANA’s vast reach and household reputation in Indonesia allows this product to reach millions immediately, enabling protection for Indonesians that meet them where they are.”
Closing Indonesia’s protection gap
DANA and Igloo already work together across five insurance products distributed through DANA’s e-wallet platform: Electronics Protection, Phone Screen Protection, Food Poisoning Protection, Movie Ticket Cancellation, Cyber Protection.
Another new product, DANA BNPL Protection also launches this month. A personal accident product embedded in DANA’s buy now, pay later journey, it settles the customer’s outstanding balance, including interest and penalties, if they die, are permanently disabled, are hospitalised for two days or more following an accident, or lose their job, and pays a cash benefit alongside, for IDR 1,000 a month.
DANA Rain Protection is the first parametric insurance product in the Igloo-DANA portfolio. Where the existing product categories use conventional claims processes, DANA Rain Protection uses satellite data and GPS to validate and settle claims automatically, with zero human intervention, adding a new insurance category to the partnership as well as the industry.
“At DANA, we believe financial services should address people’s everyday needs. Unexpected weather can disrupt mobility, daily activities, and even income, particularly for those who depend on being on the move. Through our collaboration with Igloo, DANA Rain Protection integrates affordable protection into a familiar payment journey. Igloo’s parametric claims technology means payouts reach our users automatically when conditions are met, without forms or waiting. That is the kind of embedded, frictionless experience we want DANA to deliver,” said Yattha Saputra, Chief Finance Officer at DANA.
Igloo believes they can extend the same architecture, automated triggers, satellite-verified thresholds, and real-time claims dashboards to ride-hailing and delivery platforms that lose driver capacity and absorb surge costs every time it rains; restaurants, retailers and event organisers that see footfall and bookings fall within minutes of the first heavy shower; and tourism and travel operators who build entire itineraries around weather that can turn without warning.
DANA Rain Protection and BNPL Protection are available on the DANA app.
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Media contact
ACID for Igloo
igloo@acidcomms.com