Previsico hires former RMS modeller to lead its flood modelling team

Previsico, the London-based insurtech that models flood risk, has hired a former RMS modeller to lead its flood modelling team, as it plots its UK and international expansion.

Dimosthenis Tsaknias joins Previsico as senior flood modeller. He was previously senior project manager at the National Observatory of Athens, having previously worked at Lloyds Banking Group (LBG) where he was manager of the weather modelling team for home insurance. He also supervised and developed risk pricing models for the UK at address level, and led the transition to a new flood model for capital and reinsurance purposes.

Before joining LBG Tsaknias was lead modeller at RMS, where he contributed to the development of hazard and financial loss flood risk models covering 12 countries in Europe, Japan, India, and Brazil.

Previsico models surface water flooding in real-time by utilising the latest geospatial technology for weather predictions, in partnership with IBM, delivering property-level flood nowcast and forecast warnings.

Surface water flooding potentially affects 3 million people in the UK, compared with 2.4 million for river and coastal flooding.

Previsico’s chief executive officer, Jonathan Jackson, said: “Dimosthenis’ global experience will be invaluable in supporting our clients’ growing need to reduce the risk of flooding and mitigate losses.”

Tsaknias noted that Previsico is quickly establishing itself as a leading provider of flood forecasting solutions across multiple industries. “Within the insurance industry, these technologies will play a pivotal role in enabling insurers to manage and mitigate flood risks – an ever-growing concern in the face of global issues such as climate change.”

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