The physical risks that businesses are exposed to vary widely from region to region, with some more predictable than others. Proactive risk management means consistently reviewing different geospatial and time horizon models to understand a broader range of outcomes. Maptycs’ platform makes it fast and easy to create and share custom What-If scenarios with geospatial…
Hardening across reinsurance markets will require more advanced risk analysis for this upcoming renewal period, so underwriters and risk managers must take proactive steps to adjust their risk strategies in preparation. #risktech #insurtech #riskmanagement #propertyinsurance
Quote of the week: “access [to data] is not enough. Data itself is sorely lacking without context — without the ability to use analytics to uncover the hidden value within.” #risktech #insurtech #riskmanagement #propertyrisk #riskanalytics
Accurate reporting and forecasting are critical for insurers, risk managers, and investors to determine the best risk strategies for the future. With greater uncertainty and an estimated $25 billion in cat losses this year, advanced big data analytics are crucial to provide actionable insights on future planning. #risktech #insurtech #riskmanagment #propertyandcasualty
With a greater trend towards more highly distributed supply chains, legacy systems for risk managers limit collaboration. The alternative: “[use] a cloud-based, software-as-a-service product development platform that allows engineers to simultaneous collaborate, design in real time and automatically keep an immutable, digital record of changes.” Stay ahead of the curve and use Maptycs to find…
Quote of the Week: “Tech puts us in the location, shows us what’s happened, predicts what might happen next, and then aids us in working toward innovative solutions to combat [NAT CAT] risks.” Allen Kwan, Swiss Re Corporate Solution. Investing in #insurtech and #risktech are no longer luxuries but must-haves for organizations to effectively mitigate…
California’s temporary ban on insurer policy cancellation is set to expire, which may prompt a mass exodus of insurers from the area. With similar situations throughout the world, it is imperative for both brokers and risk managers to carefully assess their risk strategies to adjust to policy outcomes in the near future. Geospatial analytics provides…
Storm Alex is likely to become the costliest European catastrophe this year, with flooding related impacts contributing to the main source of loss. As companies begin assessing the damages, geospatial analysis and real-time analytics are difference makers to provide rapid response insights and peace of mind. #risktech #insurtech #riskmanagement
The new AGCS report details the longer term changes businesses must make post-pandemic. For the future, businesses must take additional steps to de-risk their supply chains and utilize insurtech tools to build and maintain resilience. Finding actionable insights hidden in your risk data is more intuitive and effective with Maptycs’ Geospatial Analytics platform. Connect with…
One of the only ways for private insurance companies to reduce the cost of systemic risk events “in invest in mitigation.” With insurtech platforms like Maptycs, companies have access to a greater quantity and quality of analysis for actionable insights. #risktech #insurtech #riskmanagement
