OUR MISSION

To empower small and mid-sized businesses by reducing extreme weather event risks through data-and technology-led parametric insurance products

OUR VISION

To be the world leader in extreme weather parametric insurance product development and delivery

OUR DIFFERENCE

Unlike most parametric insurance providers, we don’t simply build parametric products and force-fit them into a carrier’s or agent’s toolbox.

We see parametric insurance as a tremendous tool to solve customer risk management problems traditional insurance has failed to solve. We build our products from the outside in, spending countless hours with customers and their insurance advisors across the US, collecting their data and listening to their stories to understand how the rapid rise in extreme weather events is impacting their operations.

MilkshakeTM was developed using farm-specific dairy production data mapped against 50 years of weather experience to ensure it provided coverage for the farmer’s economic losses due to heat stress. This approach ensures that that our products add true value for our customers and their agents, opposed to a solution looking for a problem.

Leadership Team

Jamie Luce

CEO and co-founder

Jamie has built a successful 28 year career in underwriting, agent and MGA distribution and product leadership for leading US property and casualty insurers, including managing major profit centers at Liberty Mutual, QBE North America and Jewelers Mutual Group.

Dave Lundgren

Co-founder

Dave spent 18 years as a General Manager and Chief Marketing Officer for four different General Electric businesses; 15 years leading domestic and global operations for Allianz, including a variety of Commercial and Personal Line businesses, and two successful data and technology start-ups. He now serves as a director on two boards.

Ed Yorty

Head of Products
FCAS, FSA, MAAA, MS Fin

Ed is an accomplished insurance CEO and CFO with more than 30 years of experience at carriers like Pharmacists Mutual and Oregon Mutual. With his insurance background and Bachelor’s Degree in Meteorology, he brings a strong customer focus and expertise in capital markets, actuarial science and the science of weather.

Team AIR Parametric

Billy Tiller

Co-founder

Billy has 41 years’ experience in the agricultural sector as a cotton and grain sorghum farmer based in Lubbock, Texas. He has experience in agricultural banking, rural banking, and agricultural data management, and testified on rural and farmers’ issues before the US House Agricultural Committee. He is currently CEO of GiSC and serves on several agriculture industry boards.

Andy Allen

Andy has 40+ years of experience in underwriting and global insurance brokerage with firms such as Marsh, A&A and AON. He brings a depth of knowledge with ART-based risk structured transactions and risk advisory services including deep expertise with captive formations, fronting arrangements, reinsurance structured solutions and long-term credit enhancement structures.

Joe Boor

FCAS, PhD, CERA

Joe has more than 40 years of experience as an actuary, including roles as chief actuary, consultant, regulator, and large account regional actuary, and is a prolific contributor to major actuarial journals.

Justin Roth

ARM, CEEM

Justin is both a meteorologist and catastrophic risk modeler. He uses his unique combination of skills built over a decade of forecasting and insurance risk management to deliver weather insights and support the development of profitable weather portfolios.

Mark Cox

JD, MBA

Mark has deep experience in both business and IT management, leading operations, agile software projects and business data design. He has considerable expertise in SQL database engineering, including data model architecture, database CRUD APIs and programming, in highly technical environments.

Caroline Murphy

FCA

Caroline is a finance professional with over 20 years of broad international industry experience, including extensive work with owner-managed and private equity funded start-ups. She is a leader in establishing solid governance, business process, reporting and investment functions.

John Van de Pol

Dairy Farmer

John is a life-long dairy producer who built and operates the 2,800-head Red Rock Dairy in Amherst, Texas. He is chairman of the Texas Association of Dairymen and member of the 6th largest dairy cooperative in the US. John is passionate about using data and technology to improve the life of his cows, workers, and the dairy’s bottom-line results.

Join Us

Interested in working with some of the country’s most talented data scientists, actuaries and insurance leaders to help businesses mitigate the economic impacts of extreme weather? We look for people who possess strong sales, analytic and problem-solving skills, who can operate as partners with our customers, agents and underwriting carriers, and who like to have fun along the way.

If this sounds like the type of place you’d like to work, please send an email to info@airparametric.com.

Technology & Data

Our data scientists and developers are continuously building new ways to measure risks from extreme weather events, leveraging the world’s leading weather databases and building AI-powered proprietary models to deliver value to customers and our insurance ecosystem partners. Like most tech-forward companies, we leverage cloud applications for scale, reliability, and core tech capabilities, allowing our team to focus on high-value work. What differentiates us is our enterprise data model, integrating weather, risk and Geographic Information System (GIS) data sources into a proprietary view of risk and pricing, inherently flexible to allow new data sources at any time. Finally, we offer a GIS view to refine risk and pricing, with the ability to construct map-based views of pricing, weather, and other overlays connected to our enterprise data model.

Distribution

Our distribution partners are key part of our business model. We work with agents and program administrators to enhance their relationships with existing customers – creating value for them and providing better solutions for their customers.

AIR Parametric’s products and relationships provide clear benefits to our distribution and agency partners

New Products

Enhance relationships with current customers, and attract new customers

Bring value in new ways and differentiate

Put your firm on the leading edge of managing risk for your clients

New Revenue

New revenue source from current policyholders

Additional products in pipeline to increase revenue

Innovation Opportunity

Be seen as an essential business partner, bringing new, innovative insurance solutions, solving real
problems

Seamless, automated claim process removes friction, saves time, increases customer satisfaction

Core Values

Empirical

We are data-led, getting to the truth so we provide fact-based solutions

Empathetic

We care deeply about protecting our Customers and their business revenue streams

Biased to Action

We are focused on satisfying customers and business partners

Curious

We ask a lot of questions, and refuse to accept the status quo

Be Different

We believe insurance needs to change…

Simplicity

We know our business is complex – we aim to greatly simplify the process for the benefit of customers, agents and partners

Fun

We have fun while solving customer problems – and when we’re away from work

About Us