The 7.1 Ridgecrest earthquake (ci38457511) on July 5 and its 6.4 foreshock on July 4 (ci38443183) were the first payout-triggering events to take place since Jumpstart’s October 2018 launch. With a relatively low population (about 1/10 of 1% of California’s population) in the affected area, none of our existing customers were located in the payout zone.
Oakland, CA, March 15, 2019 for immediate release
Jumpstart is delighted to announce that Sally Sproat has joined the team in a senior executive role. Sally will lead Jumpstart’s Business Development, to accelerate distribution of Jumpstart’s product through organizations and employers.
“No other person in the world is as well-suited to this role as Sally,” says Jumpstart’s CEO Kate Stillwell. “Her experience understanding parametric products, and selling them into large organizations, is sure to propel our growth. We are incredibly fortunate and grateful that she’s now part of the team.”
Ms. Sproat brings 30 years of insurance-industry experience, most recently as Senior Vice President at Swiss Re, where she led sales to public entity and large-organization clients, helping them transfer and manage risk, with a variety of products including parametric.
“I’m thrilled to be joining this energetic and forward-thinking team,” says Ms. Sproat. “Parametric has huge potential to help fill the protection gap, and I’m excited that Jumpstart has finally brought it to consumers. Even more so, I’m pleased to be a member of the high-caliber team that Kate is growing. I eagerly look forward to being part of Jumpstart’s success.”
Sally’s initial responsibilities include building a sales pipeline of organizational clients for Jumpstart, particularly public entity employers, membership organizations, and established insurance brokerages.
Jumpstart is the first to provide parametric earthquake insurance for renters and homeowners in the U.S., in partnership with leading financial institutions. Parametric is a form of insurance where payments are linked to measurable events, such as the shaking intensity of an earthquake.
Jumpstart Insurance Solutions, Inc. is a California Benefit Corporation and a licensed surplus lines insurance broker in California (#0K67793). Jumpstart complies with all state-mandated regulations for surplus line insurance brokers. For more information, please visit www.jumpstartrecovery.com.
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