FutureProof, a climate-focused MGA, has appointed Dr. Ram Keralapura as its new Chief Technology Officer.
Dr. Keralapura brings nearly two decades of engineering, data science and leadership experience towards the role. Additionally, he also brings a deep level of expertise in cybersecurity, complex risk analysis, and building digital platforms towards the role too.
In his most recent role, he served as Chief Technology Officer at The Public Health Company. Before that he served as Head of Data Science and Machine Learning at Chronicle (Google Cloud Enterprise Security).
In addition, Dr. Keralapura also played a key role in several very early stage startups, helping them build scalable technology and businesses.
FutureProof noted that Dr. Keralapura’s knowledge and experience will help the firm translate its unique predictions for flood and hurricane wind losses into a digital underwriting platform that, will provide rapid quotes for homeowners insurance E&S policies.
Moreover, Dr. Keralapura will also use his experience from scaling early-stage startups to help ensure that FutureProof’s algorithmic platform is highly scalable, resilient, reliable, and secure.
Dr. Keralapura, commented: “Climate risk is impacting nearly every industry in the world, especially the insurance sector. However, carriers and reinsurers today do not adequately account for the financial impact of climate disasters in their pricing and underwriting, resulting in dire consequences for themselves and for their customers. FutureProof will help carriers and reinsurers write profitable business in markets that otherwise appear undesirable. The world-class team at FutureProof was an instant magnet that I could not refuse.”
FutureProof co-founder and CEO Alisa Valderrama added: “The price signal for climate risk needs to originate with the property insurance industry. At the moment that signal is broken. With Ram joining us, we are pairing our world-class flood and hurricane wind pricing and our seasoned insurance team with an equally sophisticated algorithmic underwriting platform so that our partners can get quotes and manage capacity in near-real time. This sets FutureProof up as the generational insurance company the industry has been waiting for.”