Episode 4: Nakita Devlin, Ric Insurance
Beyond Premium11 Sep 2024

Episode 4: Nakita Devlin, Ric Insurance

Nakita Devlin, founder and CEO of Ric, discusses parametric insurance and the company's goal of providing affordable micro insurance products. Ric specializes in building parametric insurance products. The products are designed to be affordable for individuals, with payouts between $5,000 and $10,000 to help with immediate recovery after an event. Nakita also shares her journey as an entrepreneur and the challenges and opportunities she has encountered.


Chapters:

00:00 Introduction and Background

02:08 Parametric Insurance and Micro Insurance Products

08:40 The Importance of Rapid Payouts for Recovery

12:03 The Role of Insurance in Community Resilience

31:14 Simplifying the Insurance Experience for Consumers

33:44 Future Plans: Extreme Heat and Wildfire Products

36:08 Advice for Young Professionals in the Insurance Industry

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