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…
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 and mapping opens up impactful data analytics. Projecting risks, proactively managing real-time events, and clearly communicating risk exposures are quintessential for all risk and insurance professionals navigating a data-first world. #risktech #insurtech #riskmanagement #geospatialdata
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…
The new wave of Covid-variants heightens the importance of proactive risk management. Organizations that take a multi-layered view of risk with geospatial awareness on cascading effects will remain resilient when situations dramatically change. #risktech #covid19 #insurtech #riskmanagement
Quote of the Week: “The availability of information on a map allows people to use and identify visual patterns, which helps decision-makers increase sales or monitor cost-effectively. The skill to manage large-scale data sets in the cloud, display data geographically, and provide the tools for analysis is the best way to add value to raw…
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…
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
Collaborative risk management is a supply chain superpower against disruptions; As the saying goes, you are only as strong as your weakest link. Resilience is built by bringing data together across your vendors, suppliers, and everything in between, yet many advanced analytics tools turn collaboration into a cumbersome process. Maptycs users seamlessly integrate risk data…
FEMA officially announced Risk Rating 2.0 last Thursday as a change to the National Flood Insurance Program’s risk rating methodology, affecting new policies beginning Oct. 1, 2021 and renewals after April 1, 2022. These changes present a dramatic shift in pricing for risk and insurance professionals to analyze, especially as FEMA’s flood map data evolves.…
