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Nick Lamparelli

Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist.

The 4 Traits That All Trustworthy People Share

by Nick Lamparelli

Доверяй, но проверяй – Russian proverb meaning “trust but verify”   Trust It is such a simple word. Or is it? When asked to define it, nearly anyone I ask about it, mentions honesty as a key word in the definition. And while honest is a key ingredient in being trustworthy, it only scratches the … Read more

Categories Career, Early Career Tags Psychology

Your New Year’s Resolution: Be So Good They Can’t Ignore You

by Nick Lamparelli

It’s that time of the year when we all look back, examine the good, the bad (and the ugly) of 2016 and look forward with optimism towards 2017. For many of you, that includes setting your New Year’s resolution goals. Instead of wringing your hands trying to figure out what goals to set, I propose … Read more

Categories Career, Early Career

Don’t Believe The Hype – The Lemonade Story

by Nick Lamparelli

This article originally published on InsNerds.com “By now, I wonder how, Some people never know” Don’t Believe The Hype – Public Enemy I am a sucker for new stuff. I bet many of you are as well. If news of the release date of the iPhone 7 caused you to immediately organize your camping gear … Read more

Categories InsurTech Tags Lemonade

Using Catastrophe Models

by Nick Lamparelli

Today we have the third part of our series on Catastrophe Modeling. Click here for part one and here for part two. “If you challenge conventional wisdom, you will find ways to do things much better than they are currently done.” Bill James (author of Baseball Abstracts and Godfather of “ Moneyball”) In this, my final … Read more

Categories CATs Tags Black Swan, CAT Modeling, Earthquake, Hurricane, Tornado, Tsunami

Understanding Catastrophe Models

by Nick Lamparelli

Today we have part two of our our series on Catastrophe Models. You can read part one here. “You stop sending me information, and start getting me some.” Gordon Gekko In this, the second part of our series on CAT models, we will go into the guts of a catastrophe (CAT) model and explain how they … Read more

Categories CATs Tags CAT Modeling, Earthquake, Hurricane, National Hurricane Center, Property, Reinsurance
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Rendering of The End Of Insurance As We Know It
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Definitioner

Secondary
A insurance policy that only pays when another insurance policy has paid all it is allowed to.
Occupancy
What a building is used for.
Construction
How a building is built and out of what things it is made.
CAT Model
A computer system that takes good guesses about how much money catastrophes will take to fix.
Catastrophe
Something very big breaking the houses and businesses of a lot of people at the same time.
CAT (Catastrophe)
Something very big breaking the houses and businesses of a lot of people at the same time.
Insurer
A company who promised to pay for big things you break or lose if you pay them a little money before it happened.
Premium
The little bit of money that the company asks you to pay for the promise that they will pay a lot of money if you break or lose something covered by their promise.
Risk
Chance of something changing either for better or worse.
Insurance
Paying a company a little money for the promise they will pay a lot of money for things we break or lose without meaning to.