Paresh Patel is the CEO of HCI Group, Inc., where he's made a notable impact since taking the role in 2012. With a background in Business Administration and extensive experience in the insurance field, he has focused on modernizing the...
Paresh Patel is the CEO of HCI Group, Inc., where he's made a notable impact since taking the role in 2012. With a background in Business Administration and extensive experience in the insurance field, he has focused on modernizing the company into a technology-driven insurer. Under his guidance, HCI has navigated through challenges, including market fluctuations and the COVID-19 pandemic. His management style includes a heavy reliance on performance metrics, aligning his compensation with the company's success. In 2023, he earned a total compensation of $3.66 million, where his base salary was $950,000, and he received a substantial bonus linked to achieving financial targets. Notably, Patel has exhibited savvy trading behavior, consistently reporting significant insider trading values, peaking at $15.34 million in October 2021. This activity implies confidence in HCI's prospects under his leadership. Beyond numbers, Patel's strategic decisions have propelled HCI's brand in the insurance technology sector, showing that a blend of traditional expertise and modern adaptation can drive growth in the competitive landscape of insurance.