Reinsurance rates to increase again in the new year.

Reinsurance rates are likely to increase once again in the new year. With renewal periods on the horizon, risk and insurance professionals must develop more nuanced and proactive risk management strategies to effectively lead in 2022. Actionable insights require more than a quantity of data. Use Maptycs to uncover what is hidden in your risk…

The risks that you don’t know.

“You cannot manage your risk if you don’t know what your risk is. It’s the risks that you don’t know about that will be the problem, and you cannot do that without a data-driven and tech-enabled risk management approach.” – Barbara Porco, Fordham Business School. Risk awareness is prerequisite to risk management. Identify actionable insights…

Good data equals great talent.

“Without good data, you don’t even really have a ticket to the race.” Effective risk mitigation starts with great risk data depth and consolidation. Attracting new analytics talent into the insurance industry requires a more in-depth look at how analytics are approached by your organization. Maptycs provides clients with custom reporting, real-time risk monitoring, and…

Speed and Time is Everything in Insurance.

For risk and insurance professionals, speed and time is everything – in responding to catastrophic events, in innovating products, and assessing risks. Bolster your risk management capabilities with Maptycs by identifying actionable insights hidden in your risk exposure data and always stay ahead of tomorrow’s challenges. #risktech #insurtech #riskmanagement #insuranceindustry https://www.linkedin.com/feed/update/urn:li:activity:6867579411244445696 https://www.propertycasualty360.com/2021/11/19/how-to-use-speed-and-time-to-stay-one-step-ahead-in-insurance/

Climate risk the top factor in building portfolios over the next two years.

Climate risk affects how portfolio can build their portfolios over the next two years, and accurately assessing environmental concerns and mitigate risks will be at an even greater premium as premiums increase. Climate risk is no longer just a long-term concern. #risktech #insurtech #riskmanagement #climaterisk https://www.linkedin.com/feed/update/urn:li:activity:6867210369610457088 https://www.propertycasualty360.com/2021/11/16/insurers-are-getting-more-anxious-about-climate-risks/

Reassessing risk assessment models.

The rise in insurance pricing, client expectations, and climate risk frequencies all demand updates to traditional risk assessment models heading into 2021. Reassessing risk requires a nuanced look into your portfolios with more advanced analytical capabilities than in the past. Maptycs users identify the actionable insights hidden in the their risk exposure data through real-time…

It’s simple: Make the job easier, not harder.

Great #insurtech support the people who actually use it, rather than simply add extra work and layers of complexity to make their job more difficult. Ease of use is just as important – if not more – than utility. #risktech #riskmanagement #insuranceindustry https://www.linkedin.com/feed/update/urn:li:activity:6866500828199575552 https://www.insurancebusinessmag.com/uk/news/breaking-news/what-sets-a-tech-forward-insurance-business-apart-from-a-tech-shackled-firm-316666.aspx

Great storytelling is at the core of successful risk management.

Successful risk and insurance professionals are great storytellers, finding the underlying narrative within risk exposure data. Visualizing data helps both identify and effectively communicate those hidden insights. For property risk, geospatial visualization adds layers of context to analyze, track, and report risk exposures, especially during real-time weather events. Connect with the Maptycs team to see…

The Three Principles to Follow When Searching For Great Insurtech.

The Three Principles to follow when adopting the best #insurtech and #risktech to support your team: Flexibility, Intelligence, Simplicity. If it strips away the noise to clarify the signal to make more informed decisions, it’s time to take that step. #riskmanagement #insuranceindustry https://www.linkedin.com/feed/update/urn:li:activity:6864587050675384320 https://www.insuranceage.co.uk/broker/7896556/top-100-brokers-2021-analysis-opening-up-innovating-for-the-future