Category Archives: Blog

Fed. Reserve official provides strong message on need for better climate risk reporting and monitoring.

Against the backdrop of severe weather events in Texas, Federal Reserve official Lael Brainard provided a strong statement on climate risk reporting and analysis: “Financial institutions that do not put in place frameworks to measure, monitor, and manage climate-related risks could face outsized losses on climate-sensitive assets caused by environmental shifts.” Risk and insurance professionals…

The first step in active climate risk management.

Active climate risk management still remains a weak point for most companies. The first step to bolster resilience? “Identify and quantify exposures related to assets, to locations, and to clients.” #risktech #insurtech #riskmanagement #climaterisk

20 Year Study of Top 100 P&C insurers identify key commonalities.

A 20 year study of the top 100 P&C insurers identifies underwriting with deep insights and digitally enhanced productivity are two key commonalities among top-performers. Risk and insurance professionals use Maptycs to geospatially analyze data across multiple formats and sizes to accurately monitor, assess, and respond to severe weather events as they happen. Connect with…

Manual spreadsheet processes hurt risk management strategies.

Relying on manual spreadsheet processes to prepare or analyze risk exposure data will inevitably lead to inefficient and ineffective risk management strategies. Insurtech opens up new actionable insights hidden between large datasets and formats. #risktech #insurtech #riskmanagement

The challenge with accurate climate risk assessment isn’t the quantity of data.

The challenge with accurate climate risk assessment isn’t the quantity of data; it’s the quality of analysis arising from data siloes. #risktech #insurtech #riskmanagement #climaterisk

UNEP Report urges more integrated approach to climate risk analysis.

UNEP’s final report for the “Principles of Sustainable Insurance Initiative” urges insurers to take a more integrated approach to climate risk analysis that includes physical, transition, and litigation risks in scenario-based frameworks. Maptycs’ platform bridges the data silos created across formats, departments, and large datasets to bolster risk resilience. Connect with our team to see…

Majority of risk professionals recognize a gap in their risktech and need for effective rapid response.

Less than a third of enterprise risk professionals feel very confident in their technologies capturing an accurate, early view of unexpected events, while 7 in 10 find access to real-time information to be siloed. Maptycs combines both your risk exposure data with publicly available information to bring actionable insights in real-time and create what-if scenarios…

Pandemic + Severe Weather Events = ???

A few days of hesitation to a natural catastrophe can mean total loss during a global pandemic. Effective rapid response to severe weather events requires revamped risk strategies and improved insurtech to asses historically underestimated risks. #insurtech #risktech #riskmanagement #climaterisk

Accelerated insurtech adoption serves as differentiator for insurers.

As insurtech adoption accelerates, insurers can “differentiate themselves from other companies by how they respond to customers at times of need” with improved catastrophe modeling and real-time real-time event monitoring. With severe weather events projected to increase in impact and frequency in 2021, Maptycs provides risk and insurance professionals an intuitive and powerful platform to…

QotW: “What the pandemic has pointed out is that if you didn’t plan for [it], but you planned to be resilient, those companies have done better.”

Quote of the Week: “It’s easy to get really focused on the pandemic, but I think what worries me generally is resiliency, and what the pandemic has pointed out is that if you didn’t plan for [it], but you planned to be resilient, those companies have done better.” How is your organization building resiliency? #risktech…