Assessing physical climate risk comes with a steep learning curve because the insights are not found in one single model or data set, they exist when they’re overlaid on one another. Maptycs’ platform opens up your data through geospatial visualization and advanced analytics. Stay one step ahead of the competition and find the insights hidden…
“A key to flood resilience — and disaster resilience more broadly — is to make it an integral part of overall strategy. Responding to individual events as “one-offs” is, generally, not cost-efficient. Nor is relying exclusively on civil flood defenses to protect properties.” Be proactive by having a full (geospatial) picture of your property risk.…
Data-driven storytelling has been monumental in communicating urgent healthcare information during the Covid-19 pandemic. Business leaders and insurers should utilize the same lessons in visualizing their data to walk their companies and clients through important improvements in their risk management strategies. Maptycs’ proprietary GIS platform enables risk and insurance professionals to quickly analyze and share…
76% of CEOs and CFOs state their businesses are somewhat to significantly exposed to climate risk, underlying the World Economic Forum’s report listing climate change as 4 of the top ten major risks of 2020. Climate change should be a top priority for companies and insurers, and proactive measures are impossible without analyzing the data…
The IMF’s recent report is a wake-up call: “I have seen very few businesses meaningfully address the physical risks that they face over the long term.” – David Kneale, Head of UK equities at Mirabaud Asset Management. Use Maptycs to take proactive measures to understand the physical risks that affect their business. Find the actionable…
In a survey of 1,000+ professionals, over 20% of respondents said they still do not have a pandemic continuity plan in place, while more than 60% have not added analytical tools for assessing their business operations. With the threat of a second, larger wave on the horizon, this lack of planning increases the potential losses…
A global pandemic and the resulting economic damage had been forecasted over a decade before 2020, but companies ignored the warnings. Much in the same way, climate risk will lead to large scale economic downturn unless companies prepare their businesses to respond proactively. Significant steps must be made by risk professionals to both better understand…
The COVID-19 pandemic has pushed business leaders to rethink and reshape risk management for their organizations, from client relationships to updating their technology and claims process. As businesses begin to reopen, it is critical for businesses to continue developing their risk strategies and preparing for low-frequency/high-intensity events. #riskmanagement #risktech #insurtech #covid19 #businesscontinuity #businessresilience https://www.propertycasualty360.com/2020/06/03/how-covid-19-is-reshaping-risk-management/
The end or easing of coronavirus lockdown measures does not mean companies should expect operations to return to normal.
Researchers predict 18 to 22 named tropical storms will form in the Atlantic this year, with 3 to 5 expected to become major hurricanes. This continues the past years’ trends, but recent update indicates larger activity than expected earlier this year. While Covid-19 is occupying the minds of all risk managers, captive managers, and underwriters,…
