Reinsurance News

Previsico hires Business Development Manager

18th August 2020 - Author: Katie Baker

Live flood forecasting specialist, Previsico, has announced that Lucy Coutts has been appointed as its latest Business Development Manager.

This move is to support the company’s insurance expansion that’s being planned in the UK, US and beyond.

The Insurtech company is currently based in the UK with a recent launch in the US. The firm specialise in modelling surface water flooding in real-time by using the latest geospatial technology for weather predictions. In partnership with IBM, Previsico aims to deliver property-level flood nowcast and forecast warnings.

Coutts’ new appointment is Previsico’s important next step for their mission to be the leading global provider of cutting-edge flood warning prediction, including increasingly prevalent surface water flooding, which affects more people worldwide, compared with river and coastal flooding.

Commenting on Lucy Coutts’ role, Previsico’s CEO, Jonathan Jackson, said: “Lucy’s proven relationship and programme management skills in the Lloyd’s market, whilst at the Lloyd’s Lab, really impressed us. She’s that wonderful combination of a high performer, who is tremendously personable and receives huge respect from all who work with her.”

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Coutts’ previous role was at L Marks where she held a Senior Program Manager position for two years. L Marks is an investment and innovation advisory firm, where they specialise in applied corporate innovation for brands such as Lloyds.

Prior to L Marks, Coutts’ was the program Manager of the Lloyds Lab, where she was responsible for managing scouting, onboarding and delivery of the programme for 47 InsurTechs.

Coutts said: “Previsico already provides unique offering in the flood forecasting market. However, the framework they developed at the Lloyd’s Lab takes it to the next level. I look forward to developing client relationships with insurers by identifying the value of its use with flood warnings to their business, world-wide.”

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