New RIMS report highlights renewed investment in Enterprise Risk Management

As RIMS’ recent report underscores, “The COVID-19 pandemic highlighted the interdependencies of risk throughout an organization’s ecosystem.” With the renewed focus and investment on enterprise risk management, organizations must continue this momentum to ensure business continuity and proactive risk management strategies for the long-term. #risktech #insurtech #riskmanagement #climaterisk #propertyandcasualty

Fed. Reserve official provides strong message on need for better climate risk reporting and monitoring.

Against the backdrop of severe weather events in Texas, Federal Reserve official Lael Brainard provided a strong statement on climate risk reporting and analysis: “Financial institutions that do not put in place frameworks to measure, monitor, and manage climate-related risks could face outsized losses on climate-sensitive assets caused by environmental shifts.” Risk and insurance professionals…

UNEP Report urges more integrated approach to climate risk analysis.

UNEP’s final report for the “Principles of Sustainable Insurance Initiative” urges insurers to take a more integrated approach to climate risk analysis that includes physical, transition, and litigation risks in scenario-based frameworks. Maptycs’ platform bridges the data silos created across formats, departments, and large datasets to bolster risk resilience. Connect with our team to see…

Majority of risk professionals recognize a gap in their risktech and need for effective rapid response.

Less than a third of enterprise risk professionals feel very confident in their technologies capturing an accurate, early view of unexpected events, while 7 in 10 find access to real-time information to be siloed. Maptycs combines both your risk exposure data with publicly available information to bring actionable insights in real-time and create what-if scenarios…

Pandemic + Severe Weather Events = ???

A few days of hesitation to a natural catastrophe can mean total loss during a global pandemic. Effective rapid response to severe weather events requires revamped risk strategies and improved insurtech to asses historically underestimated risks. #insurtech #risktech #riskmanagement #climaterisk

Accelerated insurtech adoption serves as differentiator for insurers.

As insurtech adoption accelerates, insurers can “differentiate themselves from other companies by how they respond to customers at times of need” with improved catastrophe modeling and real-time real-time event monitoring. With severe weather events projected to increase in impact and frequency in 2021, Maptycs provides risk and insurance professionals an intuitive and powerful platform to…