In this episode of “Profiles in Risk” (E568), host Nick Lamparelli speaks with Danny Chatziprodromou, CEO of REOR20, an expert in flood modeling, about the challenges and evolution of flood modeling over the years. Danny shares his journey from academia to the finance industry and then to insurance, where he realized the limitations of traditional flood modeling. He discusses the technological advancements in AI and machine learning that have revolutionized flood modeling, offering a new approach that accelerates calculations by orders of magnitude. The conversation jumps into the complex nature of floods, including coastal, riverine, and flash floods, highlighting the importance of accurate forecasting in mitigating risks.
We discuss the use of computational fluid dynamics and AI in flood modeling, highlighting the importance of accurate forecasts and risk mitigation strategies. We also dive into the role of insurance, government, and individuals in reducing risks associated with floods, emphasizing the need for collaboration and proactive measures. Additionally, we touch on the potential applicability of their technology to other natural disasters like hurricanes, wildfires, and climate change impacts.
Connect with Danny
REOR20 Homepage
About Nicholas 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.
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.
