The LiiP, S1, E24, Dr Avi Baruch, Co-Founder & COO, Provisico
Welcome to the latest edition of The Leadership in Insurance Podcast where we were lucky to be joined by Dr Avi Baruch.
Avi is the Co-Founder and COO of Previsico an early warning flood forecasting company that was borne out of Loughborough University. Although not exclusively an Insurance focused business Previsico were recent Lloyd's Lab participants so we wanted to find out about the Previsico story and its experience of working with the insurance sector.
In this episode we talked about:
How Previsico was borne out of a university research project
How to move an academic project to a business venture
Avi's unlimited travel budget for "research"
The university business dynamic - the difference with the US system
Benefits of product creation from an academic standpoint vs profit-driven enterprise
How the business has changed and the new talent required whilst moving from an academic endeavor to a business
The benefits of external advisors
How close ties to university helps attract talent
The Lloyd's lab experience - applying too early! and the incredible co-creation
The breadth of application for Proviscos early warning system
Risk prevention rather than indemnification
What Avi learned from the insurance industry
Previsicos work with NGOs and governments
Parametrics and identifying the right trigger on an evolving improving model
Collaboration with other Insurtechs
Thank you to Avi for being a great guest.
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