Ola Jacob – Director of Business Development, Global Parametrics

Insurance has a storytelling problem.

Not because what we do isn’t meaningful — but because we don’t always explain it in human terms.

In this episode, I’m joined by Ola Jacob from Global Parametrics. We start where we always do — with the person. From dreaming of an Ironman-style “Jarvis life” to studying Human Computer Interaction and becoming an insurance scholar at UCL, Ola’s journey into the industry was intentional, curious, and entrepreneurial from the beginning.

What follows is a conversation about purpose, prevention, and people.

Ola explains parametric insurance in its simplest form:

“When a precondition is met, a pre-agreed payout is made.”

But we go deeper than definitions.

We talk about:

• Why insurance, at its heart, is simply a promise to pay
• How parametric is evolving from filling protection gaps to enabling pre-emptive risk management
• Why entrepreneurship absolutely exists inside insurance — if you’re willing to look for it
• The quiet economic ripple effect of a well-handled claim
• And how we bring more young people into an industry that touches every business in the world

One of the standout moments comes when Ola suggests that insurance may have accidentally positioned itself like a religious institution — held to impossible standards and judged harshly when it falls short.

His alternative?

Maybe we’re closer to action heroes.

Not perfect, not glamorous, but steady, dependable, and there when it matters most.

If we told that story better, perhaps the next generation would see what we see.

Humanizing Insurance is bought to you by Daniel Grimwood-Bird. It's a passion project, driven by the evergreen phrase 'Insurance is a people industry'.

Through each conversation, we explore the stories, experiences, and ideas that make our world of insurance more human - from the pioneers and innovators shaping its future to the quiet leaders who hold its traditions together.

This podcast exists to remind us that behind every policy, premium, and claim is a person, someone making decisions, taking risks, and protecting what matters most.

If these stories resonate with you, please follow the show, leave a review, and share it with a colleague or friend who still believes in the people side of this business.

You can also connect with Daniel on LinkedIn to continue the conversation, recommend guests, or request a topic that you'd like to know more about.

Humanizing Insurance — one conversation at a time.