Modified risk models dramatically shift risk strategies.

Updated or modified climate risk models can dramatically shift risk strategies. When CAT risk models change, risk and insurance professionals need to reassess all the ways this can affect their business’ operations. Maptycs platform provides our users big data analytics with geospatial visualization to accurately analyze and asses risk exposure, bringing together internal and external…

Risk professionals increase risktech use during the pandemic.

More than a third of risk professionals reported they increased their use of #risktech in the past year, aligning with a broader need for advanced analytics and accurate assessments. With growing frequency of natural catastrophes projected for 2021 and the continuing crises, staying ahead of the curve through improved risktech is critical. #riskmanagement

Geospatial visualization a necessity for climate resilience.

Geospatial visualization is a gamechanger in climate resilience, providing both a holistic framework and conveyance device to make sense of distance, scale, and impact. As the frequency of natural hazards continue to rise, Maptycs offers an intuitive, easy-to-use platform for risk and insurance professionals to make better decisions with actionable insights hidden in your risk…

Commercial P&C insurance rates up 7% in ’21Q1.

Commercial P&C insurance rates rose 7% in the first quarter of 2021, with CAT prone areas significantly more affected. As the number of predicted named storms increase every week, risk and insurance professionals should proactively adjust risk strategies as industry experts expect rate increases to continue for the rest of 2021. #risktech #insurtech #riskmanagement #propertycasualty…

New 2021 Hurricane Season forecasts project larger number of named storms than previously anticipated.

Forecasts for the 2021 hurricane season are beginning to emerge, with the most recent WeatherBELL forecast anticipating a “very active season” with more named storms than previously expected. Rapidly changing expectations require risk and insurance professionals to consistently adjust risk strategies to stay ahead as new data presents itself. #risktech #insurtech #riskmanagement #climaterisk #hurricaneseason