How spreadsheet become a liability for risk professionals.

Spreadsheets are liabilities for risk and insurance professionals, especially as datasets become large and the data values are constantly changed. Flat designs limit historical property and NatCat risk analytics, yet the vast majority of risk management relies on them. The Maptycs platform uses geospatial visualization with real-time weather monitoring to identify actionable insights hidden in…

SEC reveals considered climate risk disclosure requirements.

SEC mandatory climate risk disclosures, set to be announcements at the end of the year, will require consistent, comparable, and “decision-useful” reporting. In a follow-up to March’s announcement, the SEC is also considering industry-specific metrics as stricter standards are planned to be set. Custom reporting and geospatial analytics are crucial to understand and mitigate climate…

New study underscores global breadth of climate risks.

A new study underscored the variety of risks multiplied by climate change, including declining air quality, natural hazards, and water availability, as well as the likelihood of major heat stress throughout various major cities. Risk managers, insurers, and underwriters must be prepared with proactive resilience and more nuanced analytics to effectively mitigate the growing risks.…

Complexity and breadth of climate change risk metrics.

The diversity of data for the physical and transitional risk of climate change is wide and complex, and they require different datasets that are calculated differently. Accurately understanding their impacts on your organization’s portfolio demands bespoke scenarios and geospatial awareness of interactions. #risktech #insurtech #riskmanagement #climaterisk

H1 2021 Insured NatCat losses hit 10-year high.

The first half of 2021 saw insured losses from natural disasters hit a 10-year high of $42B. With the hurricane season underway and wildfire season around the corner, risk and insurance professionals should take extra steps to deeply analyze their portfolios and adjust their risk strategies. Maptycs provides a big data geospatial visualization and advanced…

Net-Zero insurance emissions new possible global standard for insurers.

Climate risk expectations and requirements for insurers will continue to increase towards “net zero insured emissions” as the frequency of extreme weather events rise. Geospatial analytics provide risk and insurance professionals with a deeper understanding of their portfolio’s emissions and risks to effectively prepare for new, incoming regulations. #risktech #insurtech #riskmanagement #climaterisk

Climate Risks and Underwriting

Climate risks will undoubtedly impact credit and underwriting decisions through higher interest rates for at risk properties; investors, lenders, and risk professionals are taking proactive steps now to understand the risks for long-term benefits. #risktech #insurtech #riskmanagement #climaterisk