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

Flood frequency to increase 5-20x in next 30 years.

A new report by the National Oceanic and Atmospheric Administration (NOAA) warns flooding frequency is expected to increase 5-20x in the next 30 years, having doubled since 2000. Risk models must be regularly adjusted to grasp the continuous changes to climate risks. #risktech #insurtech #climaterisk #climateresilience #floodrisk

Secondary perils caused over $57.4B in insured losses in 2020.

Secondary perils caused over $57.5B in insured losses from natural catastrophes in 2020, and have exceeded hurricane losses by 13% over the past 20 years. As risk and insurance professionals re-underwrite and reprice exposures, geospatial visualization provides a more nuanced understanding of the varying array of policies. #risktech #insurtech #riskmanagement

FM Global’s 2021 Resilience Index released.

Exposure to natural hazards from climate change tops the drivers of global risk resilience in FM Global’s recent 2021 Resilience Index. As FM Global’s VP Eric Jones notes, ““It’s a problem that the risk management culture isn’t necessarily keeping up with the increasing risk.” #risktech #insurtech #riskmanagement #climaterisk