FutureProof Technologies has announced the hiring of two key personnel to assist with the launch of a Florida E&S homeowners product via its algorithmic underwriting MGA. Beginning in the Florida homeowners insurance market, FutureProof’s API provides instant quotes to wholesale brokers based on its innovative risk view.
Andrea Ferrari joins FutureProof as Director of Underwriting. She previously worked at Hippo, Rivington Partners, PURE, and Nationwide, where she underwrote both admitted and E&S personal lines.
Michael DSouza joins FutureProof as Director of Catastrophe and Portfolio Management, bringing extensive experience in the Florida market, catastrophe modeling, and portfolio optimization from previous positions at Nephila Capital Ltd, American Integrity Insurance, and AIR Worldwide.
Fid Norton, FutureProof Co-Founder and Chief Insurance Officer, reports to Ferrari and DSouza. “The insurance crisis in Florida, combined with the effects of Hurricane Ian, highlight the urgent need for a sharper view of risk,” Norton said. We are thrilled to combine our unique risk modeling technology, which has been trained on millions of hurricane and flood insurance claims, with Andrea and Michael’s decades of profitable underwriting, program management, and catastrophe risk experience.”
“Launching in Florida may sound difficult,” said Alisa Valderrama, Co-Founder and CEO, “but our technology and team are uniquely positioned to address the exact problems that are roiling the Florida market.” The Florida insurance crisis is caused not only by climate risk, but also by unmodeled social inflation and litigation costs. We can price and manage risk more profitably for our carrier and reinsurance partners because FutureProof addresses these Florida-specific loss drivers for the first time.”
About FutureProof
AXIS Digital Ventures and MS&AD Ventures have invested in FutureProof, a venture-backed MGA. FutureProof’s AI-driven asset-level loss projections from hurricane wind and flood are powering a new generation of insurance underwriting and pricing. FutureProof’s API provides real-time algorithmic underwriting and pricing to wholesale brokers, delivering instantly bindable, price-differentiated quotes. FutureProof’s climate-smart insurance products will assist in closing the coverage gap and encouraging investment in climate adaptation.