Delighted to announce that we are featured in InsTech’s report “Beyond the smoke: Understanding and mitigating wildfire risk”.
MAPTYCS®is a geospatial solution for property risk exposure management and real-time weather events monitoring. The platform manages property portfolios data combined with “a la carte” external data including wildfire analytics data developed by third party specialists like Precisely. The platform includes realtime wildfire monitoring with a notification engine.
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Wildfires are growing in severity and intensity. Since 2013, they have cost the insurance industry over
$70 billion. But wildfire has traditionally been thought of as a ‘secondary peril’ – is it due a promotion to ‘primary peril’? This report reviews how wildfire risk has been changing over the years and what has been happening within insurance and risk management.