FEMA’s NFIP overhaul begins October 1st.

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

ESG requirements driving need for deeper climate risk analysis.

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…

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