Scouting for Growth Mike Gulla: Power Outage Coverage Reinvented Amid 78% Surge
On this episode of the Scouting For Growth podcast, Sabine VdL talks to Mike Gulla, CEO of Adaptive Insurance, whose team is redefining what it means to be resilient in an era of climate uncertainty and operational volatility.
We’ll explore why now is the time for parametric and adaptive insurance, what inspired the creation of Adaptive, and how emerging technologies like AI, big data, and cloud computing are transforming the insurance landscape.
KEY TAKEAWAYS
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Mike started Adaptive in early 2024 to help businesses build financial resilience against climate change, using parametric-style products and unique data assets.
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Starting a business comes with many challenges – revenue planning, product selection, and insurance. Our focus is helping owners understand how environmental factors like extreme weather or business interruptions could impact them over time.
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Power outages show that even with backup systems, grid failures can cause major disruptions – from dark streets to reduced customer traffic.
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As climate shifts, populations are moving into areas with new weather risks. My focus is on creating innovative insurance products that turn these challenges into opportunities for good
BEST MOMENTS
‘The consumer needs knowledge to understand what the things are that are ultimately going to impact their business.’
‘Speed is huge, which is why we use parametric products, a business owner needs to be able to make a decision very quickly after an event occurs. When you combine knowledge with speed it helps them make a better decision for their business.’
The insurance industry has suffered from how fast things have changed.’
‘Parametric insurance products are similar to streaming services in that they allow the consumer a new opportunity to have access to a different type of coverage that specifically focusses on something that might impact their business.’
ABOUT THE GUESTS
Mike Gulla, CEO and Co-Founder of Adaptive Insurance, has over 20 years of experience in the insurance industry and is passionate about transforming how insurance works by leveraging technology and innovative strategies. His career is marked by a commitment to making insurance more adaptive, efficient, and customer focused.
Mike’s leadership at Adaptive Insurance reflects his vision for a smarter, more responsive industry—one that meets the evolving needs of clients in a rapidly changing world. Known for his forward-thinking approach and dedication to excellence, Mike continues to inspire teams and drive meaningful change across the insurance landscape.
ABOUT THE HOST
Sabine is a corporate strategist turned entrepreneur. She is the CEO and Managing Partner of Alchemy Crew a venture lab that accelerates the curation, validation, & commercialization of new tech business models. Sabine is renowned within the insurance sector for building some of the most renowned tech startup accelerators around the world working with over 30 corporate insurers, accelerated over 100 startup ventures. Sabine is the co-editor of the bestseller The INSURTECH Book, a top 50 Women in Tech, a FinTech and InsurTech Influencer, an investor & multi-award winner.
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/