David Marock is to join Previsico as chairman, it was announced this week.
Marock, former CEO of the Charles Taylor Group, will be working to help the UK business expand into what the company says will be a ‘global insurtech leader in the live flood forecasting space’.
In a statement, Marock said: “Previsico’s market-leading analytical and predictive tools are particularly well positioned to help insurers and their end-clients anticipate and mitigate the impact of floods. The importance of which is only likely to grow as climate change means that weather-related CAT events will become more frequent and potentially more damaging, if action is not taken to mitigate their impact.
He added: “I am really excited, therefore, to work with Jonathan, Dapeng, Avi, and the team, all of whom I have enjoyed getting to know, to enable Previsico to achieve its full potential and make a real difference in the world of flood prediction and risk management.”
Marock joining Previsico comes seven months after the company hired former RMS lead modeller Dimosthenis Tsaknias as its senior flood modeller.
That followed a partnership with Zurich in April 2021 in a scheme pilot across 5,000 locations within the UK, and an earlier partnership with Lloyds Bank in November 2020 on flood resilience.
