In this episode of Insurtech Rap, host Dave Wechsler welcomes Mike Gulla, CEO and co-founder of Adaptive Insurance, to discuss parametric insurance and its role in building financial resilience for businesses affected by climate change. Mike shares his extensive insurance background, from working at traditional insurers to helping launch Hippo, and explains Adaptive’s mission to offer fast, predictable payouts for short-term power outages. He highlights how advancements in data and technology make parametric policies more viable, providing proactive support for businesses. The conversation touches on distribution strategies, such as agency partnerships and embedded insurance, as well as the evolving regulatory environment for parametric products. Mike emphasizes the importance of adaptability, building a strong team, and leveraging lessons learned to succeed in Insurtech. The session concludes with advice for entrepreneurs, including the value of mentorship, honesty, and openness to pivoting as needed.
Episode links below:
https://www.linkedin.com/in/michael-gulla-32299749/
https://www.adaptiveinsurance.com/
The Podcast
Join Dave Wechsler as he dives into the amazing world of Insurtech. Every week we chat with a stellar panel of industry experts, VCs and special guests. As one of the first Insurtech operators turned investor, Dave leads OMERS Ventures Insurtech portfolio which includes investments in well-known players such as Clearcover, Foresight and Joyn. Dave is an active writer and speaker on emerging technologies in the InsurTech space. He is also a licensed P&C insurance producer.
Buckle up!
