The number of billion dollar weather and climate disasters in the U.S. during 2021 has been “unprecedented” according to the latest data from the National Oceanic and Atmospheric Administration (NOAA). While the total aggregated costs remain below 2005 and 2017, risk and insurance professionals must prepare and plan for increased frequency of such severe weather…
For insurers and reinsurers, a firmer understanding of climate risks and opportunities is necessary to create a forward-thinking climate action strategy. A recent white paper by WTW and Wellington Management provides an 8-step guide in managing climate change, which involves more nuanced analytics of climate risk scenarios. #risktech #climatechange #climaterisk #insurtech #insuranceindustry https://www.linkedin.com/posts/maptycsriskmanagement_a-holistic-approach-to-climate-risks-and-activity-6854423605279821824-5BJr
Almost all rating agencies are reevaluating how they handle catastrophe risk, particularly related to property risk from climate change. With S&P Global already announcing a review of its methodology for insurer capital analysis, risk and insurance professionals should take extra steps to review their own portfolios with advanced analytics #risktech#insurtech#riskmanagement#climaterisk https://www.linkedin.com/feed/update/urn:li:activity:6854133015707230208
The key to great risk management is balance. Find the actionable insights hidden in your risk exposure data with Maptycs. #risktech #insurtech #riskmanagement #insuranceindustry
The intuition, the creativity, and the empathy of risk and insurance professionals can not be replaced. Great #insurtech understands the people who make up the industry and the challenges they face. Maptycs is built by and built for insurance and risk leaders who require actionable insights hidden in their risk exposure data. See how the…
The pandemic is no longer the top concern for insurers – instead, “climate change is back at the top of the agenda.” AXA SA’s new report shows that global warming is a main point of focus as the frequency of severe weather events continue to rise. Climate risk data is only as valuable as the…
“Insurance has always been a people business — the industry is built on relationships and helping people through times of need.” #insurtech and #geospatialdata tools that focus on enhancing – not replacing – the human-side of the #insuranceindustry drive success for the top risk and insurance professionals. #risktech #riskmanagement
FEMA’s new Risk Rating 2.0 goes into effect for new policies, shifting how flood insurance premiums are calculated. Risk and insurance professionals who respond quickly to ensure a seamless transition open opportunities for greater growth and higher customer satisfaction. Proactively responding to regulatory changes requires a platform that can identify actionable insights hidden in your…
Energy spent hunting down the correct documents, or diving through multiple spreadsheets, is energy taken away from building stronger client relationships. Great #insurtech is accessible, flexible, and designed to strip away the noise, so you can focus on what matters. #riskmanagement #insuranceindustry #risktech
Impactful #insurtech is more than just the technology; it requires a deep understanding of how risk and insurance professionals work collaboratively, as well as the integrating seamlessly with the systems they already depend on. Maptycs is founded and designed by insurance veterans with decades of experience understanding the industry’s challenges. Connect with our team to…
