Peter Lacovara, head of commercial for Cloud Street, talks about using flood mapping and data for risk analysis and disaster assistance before the parametric insurance solution.
With the industry dealing with more extreme weather events causing losses insureds need new solutions and products. Peter Lacovara, head of commercial, from Cloud 2 Street shares his thoughts on parametric flood solutions and how data mapping and AI is can help manage the needs of new insurance products. Peter dives deep on how data can be used for disaster assistance after one happens and what risk analysis can be done prior to selling insurance and providing value to clients. The future involves data, and that future is starting to show value.