The West Coast wildfires have already put an estimated $120B at risk, and the threat of fires are forecasted to continue into November. Whether the wildfire damage will be covered by insurance is not certain, underscoring the importance of proactive insurance communication. Maptycs’ platform allows insurers and risk managers to quickly collect, analyze, and share…
More than 20% of flood claims come from outside of FEMA’s flood zones. While much of the data for improved flood data exists, the large flood insurance coverage gap has widened because the sheer quantity of varied and unstructured data sets. Maptycs allows risk professionals to bring data sources across multiple formats and structures into…
A recent survey shows that more than one-third of CFOs have prioritized digital transformation following the Covid-19 pandemic. However, one major roadblock persists: “Legacy platforms make significant cross-functional changes difficult to execute.” Overhauling risk management strategies require a platform designed for cross-functional communication. Maptycs is optimized for global teams to quickly gather, analyze, and share…
In rapid response to catastrophic events, cross-functional teams that communicate quickly and openly are the key to mitigating risks. The tools your teams use are the difference makers in building and maintaining those well-oiled, fully-integrated teams. #risktech #insurtech #climaterisk #gis
Quote of the week: “Investing $1 in resilience early helps avoid on average $5 in future losses.” – Zurich Identify the actionable insights hidden in your data and strengthen your risk resilience using Maptycs. #risktech #insurtech #climaterisk #propertyandcasualty
The early start of the California wildfire season, which has burned more acres than the whole of 2019, coupled with the above-average hurricane season may add up to unprecedented losses in terms of property damage. Brokers, captive managers, and risk managers must take greater steps as past trends indicate the largest losses will occur later…
Rapid response to catastrophic weather events must take into consideration “the loss of available personnel both in the company’s claims department and at vendors who are needed for full and best response.” As Hurricane Laura lands in the middle of the Covid-19 pandemic, the preparation that has been done in months past are paying off…
“Wildfires in 2020, even at this early stage of the California season, have already burned more acres than the whole of the 2019 season.” Stay ahead the curve and prepare for rapid developments of property risk. Use Maptycs. #risktech #insurtech #riskmanagement#fireprotection#propertyandcasualty#climaterisk
Since the beginning of 2020, reports indicated an above-average hurricane season this year. Hurricane Laura’s upgraded status highlights the importance of preparing early and adjusting for increased threats in catastrophic weather events. Maptycs’ customers use our platform to stay up-to-date with real-time threat monitoring to adapt their rapid response plans quickly and effectively. Connect with…
Captive formations have jumped more than 200% in the first half of 2020, particularly for property coverage. When considering whether captives is best for your company, businesses must determine their own risk appetites and fully establish their risk profile. Every step of owning or participating in a captive requires strong risk analysis and a proactive…
