FEMA’s National Flood Insurance Program (NFIP) will undergo a massive overhaul this October, marking the most substantive change since 1968. With the IPCC’s report on climate change last week, risk and insurance professionals have an imperative to reevaluate and adjust their property risk strategies in the coming months. #risktech #insurtech #riskmanagement #climaterisk
Maptycs’ CEO shares her journey on being a French insurtech entrepreneur in the United States for French Morning USA. #insurtech #startup #entreprenership #insurtech #risktech
Tropical Storm Fred became the 6th named storm last night as it approaches the Florida peninsula with reports of it possibly becoming a hurricane tonight. With how rapidly conditions change, real-time notifications are crucial for risk and insurance professionals this hurricane season. #risktech #insurtech #fred #hurricaneseason
Environmental, social and governance (ESG) transparency requirements is increasingly demanded during insurance renewals as climate risks continue to rise. The changing landscape places greater pressure for risk and insurance professionals to more deeply analyze their risk strategies. Identify actionable insights hidden in your risk exposure data with Maptycs and proactively prepare for catastrophic events. #risktech…
The UN’s IPCC released its 6th Climate Change Assessment Report today, detailing the impacts of climate events across various industries, supply chains, and regions. With the report’s call for greater climate risk transparency, risk and insurance professionals should expect further steps towards sustainable risk management and demand for improved climate risk analytics. How are you…
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…
“There are challenging questions asked of the insurance industry, but it has a lot of power if it is courageous. The industry can make a meaningful contribution,” Airmic CEO Julia Graham. Risk and insurance professionals can make meaningful impacts on climate change equipped with the right tools. Connect with Maptycs to learn how. #risktech #insurtech…
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…
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.…
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