Alok is co-founder and CEO of Assured Risk Cover (ARC), leading the journey of the startup from a dream to idea inception, to team-building, and raising venture capital investment for ARC. Alok led ARC to its current stage, where products are launch ready, with market research completed, and industry partners lined up to launch ARC's insurance product into the market place. To achieve this, Alok brings in 16+ years of experience in productization of risk and reliability analytics to solve industry problems. He has a Ph.D. in Civil Engineering specializing in Risk and Reliability from Stanford University and has published several journal and conference papers on a variety of related topics.
He has also reviewed journal papers (including the National Academy of Engineering publication) for submission by other authors. Before committing fulltime to ARC, Alok was an Associate at MMI Engineering focusing on providing risk and reliability analytics to the insurance and energy sector.
Prior to MMI, Alok was a Senior Director at Risk Management Solutions (RMS), a world leader in providing catastrophe risk solutions, where his work focused on risk analysis (methodology and product development) for a range of natural and man-made hazards, for use by the insurance industry.
Alok brings in a deep passion to bring ARC's solution to society, via immediate financial relief to people, in time of their most need following a hurricane.
Kanwal is the Managing Director at Inventus Capital Partners, a Venture Capital firm based in the San Francisco Bay Area, California. He is a highly visible and successful venture-angel investor, financing more than 50 early-stage technology companies in the 16 years prior to Inventus resulting in an 83% IRR. He was CEO of three technology companies resulting in excellent returns for their venture investors, and was the first Indo-American entrepreneur to start a venture-backed company in Silicon Valley and take it public on the NASDAQ.
Kanwal is a Co-Founder and President of The Indus Entrepreneurs, a global network to encourage entrepreneurship. Kanwal earned a BSEE from IIT-Bombay and a MSEE and Honorary Doctorates in both Business and Engineering from Michigan Tech. Kanwal is a board member on the IIT Bombay Heritage Fund (IITBHF), and founded the Kanwal Rekhi Schools of Information Technology at both IIT-Bombay and Michigan Tech.
Kanwal brings an astute business acumen to ensuring that ARC successfully converts the dream into a reality and goes on to become a stable and robust organization for a long time to come.
Kevin McCarty is one of the nation’s foremost experts on insurance and insurance regulation. After serving as Florida’s Insurance Commissioner from 2003 to 2016, he founded Celtic Global Consulting. The firm serves state, national, and international clients, providing comprehensive services focused on insurance issues and trends. Kevin McCarty has extensive experience as a national and international leader on insurance markets, insurance regulation, global capital markets, and public policy. His career as an insurance regulator spans more than 27 years. McCarty was involved in all aspects of insurance regulation and supervision covering property & casualty, life and health, and all specialty insurers. The areas of oversight included company admissions, financial surveillance, market conduct, and fraud investigations.
He was featured on ‘60 Minutes’ for his role in initiating efforts on a multi-state basis to ensure the proper payment of life insurance settlements, returning over nine billion dollars to policyholders’ beneficiaries across the country.
In addition, Mr. McCarty was deeply involved in public policy discussions on the state, national, and international level including the development of national and international supervisory standards. McCarty earned his bachelor’s degree and Juris Doctorate from the University of Florida.
Kevin is a senior insurance executive providing independent consulting services to the insurance industry. He is an innovative and results-focused executive with success in success in driving both top and bottom line growth in numerous segments of the insurance brokerage industry. Kevin was one of the founding Managing Partners of Ryan Specialty Group. He developed and lead Aon's small commercial strategy in the US as its President, and was the key leader of Aon's US personal lines business.
Kevin was the architect and developer of Aon's internet and management software platforms in their personal lines, wholesale, MGU, facultative reinsurance, and small commercial businesses. Prior to this, he was the key leader in the consolidation of Aon's Wholesale business.
Kevin brings in a tremendous experience base to draw from and guide ARC in achieving its mission to launch an innovative hurricane insurance product in the US market.
Last Wednesday, as Michael roared toward Mexico Beach, StormPeace notified its policyholders in the Panhandle of the storm’s proximity, and Friday notified eligible policyholders that they were due for a payout and how much they had coming to them. All they have to do is attest, and StormPeace will electronically transfer the money to their bank accounts. read more...
StormPeace customers, says Assured Risk Cover CEO Alok Jha, get payment almost instantly, with values based on the strength of a hurricane and the distance from your property. “Last year after Hurricane Irma, Assured Risk Cover paid 100% of eligible claims,” says Jha, “and 98% of these claims were paid within three business days, most within one business day.” read more...
Now, new insurance coverage has emerged in Florida that reimburses out-of-pocket expenses not covered by traditional insurance. It’s called StormPeace, and it promises to wire money to policyholders' bank accounts within 72 hours after storms with no inspections, no adjusters, and no deductible. Then, customers have 45 days to submit proof of receipts, contractor estimates, etc. The stronger and closer the hurricane is to your home, the higher the payment is to customers. read more...