Category Archives: Blog

QotW: “Time-sensitive insights allow for a better understanding across multiple scenarios to inform proactive preparation strategies.”

Quote of the Week: “Time-sensitive insights allow for a better understanding of the forecast track, timing, intensity, and uncertainty across multiple scenarios to inform proactive preparation strategies, as well as the quantification of potential hazard and loss impacts.” Risk and insurance professionals use Maptycs for real-time notifications and risk assessments to respond quickly to intensifying…

2020 hurricane season lessons: prepare for rapidly intensified events.

The rise in storm frequency and rapid intensification of hurricanes this season underscores the need for quick adjustments to risk mitigation strategies as a large number of storms dramatically intensified in under 24 hours. While the 2020 hurricane season comes to end this week, risk and insurance professionals should take core lessons from this year…

Eliminate data silos to improve risk management decision making.

Siloed data inhibits effective decision making. Information is only as useful for risk and insurance professionals when it is is easily available in the right form and the right time. The Maptycs platform can quickly combine data across multiple formats and sources to visualize and analyze risk. Transform your risk exposure data into actionable insights…

QotW: “Insurers that cannot make faster, smarter, and safer decisions will not be able to sustain their business.”

Quote of the Week: “Insurers that cannot make faster, smarter, and safer decisions about their product offerings will not be able to sustain their business.” #insurtech #risktech #riskmanagement #propertyandcasualty

Supply chain risk management demands more dynamic approach.

Supply chain risk management has historically assumed an insured’s schedule of values remain static over long periods of time. However, the changing nature of risk requires underwriters and risk managers to take a more dynamic approach in assessing and obtaining risk information. #risktech #insurtech #riskmanagement #climaterisk

UN report details power of geospatial data in making evidence-based decisions.

The United Nations’ report this week details how geospatial data and analytics have dramatically improved disaster risk management, natural resource management, and climate risk, noting “The effective integration of geospatial data has proven instrumental to deliver timely information necessary to make evidenced-based decisions.” Use geospatial analytics with Maptycs to transform your risk exposure data into…

Geospatial data a necessity in addressing most pressing issues for insurers.

Geospatial data and awareness are necessities, not luxuries, in addressing the most pressing issues for insurers and risk managers. Data without context limits the capability to solve problems, ranging from pandemic response to climate risk. Connect with the Maptycs team to see how our platform transforms your risk exposure data into actionable insights using our…

McKinsey’s Report on Risk Management Transformation Recommends 6 Major Changes.

Enhanced monitoring, optimized reporting, and streamlined underwriting top the list of changes risk organizations must make moving into 2021. Connect with our team to see how Maptycs transforms your risk exposure data into actionable insights on it’s internationally recognized platform. #risktech #insurtech #riskmanagement #propertyrisk #propertyandcasualty

Geospatial analysis crucial in Kenya’s response to Covid-19.

Geospatial analysis has dramatically improved disaster response to Covid-19 by improving emergency resource management and spatial awareness of high-need locations. The applications by Kenya showcase how various organizations can take advantage of new #insurtech to support their own companies. #risktech #riskmanagement #propertyrisk #climaterisk #covid19 #rapidresponse

Effective risk management entails effective communication and collaboration.

Effective property risk management entails coordination with local utilities and emergency response units, both in bolstering modeling with more accurate information and in rapid response. Insurtech that opens up communication lines are crucial to developing and maintaining risk strategies across various locations. Maptycs platform seamlessly brings together data from multiple sources and formats to quickly…