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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