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…
A new report by S&P Global Ratings indicate that reinsurers may be underestimating climate risk exposure by up to 50%, modeling extreme weather events as less frequent than they should. Inaccurate climate risk modeling adds “significant potential for volatility in earnings and capital” and highlights the need for more advanced analytics. #risktech #insurtech #riskmanagement #climaterisk
Data without context distracts more than it helps. Simplify and refine the insights through #insurtech to focus attention on what matters most – whether key exposures for a given risk class or improving target loss ratio. #insuranceindustry #risktech #propertyandcasualty
Less predictable P&C claim costs as a result of climate change tops the list of major concerns for insurers in Bank of America’s new global survey. In today’s world, it is imperative for risk and insurance professionals to utilize models that are updated in real-time and provide actionable insights. Maptycs is the next-generation geospatial visualization…
Regulation changes, such as the National Federal Insurance Program’s (NFIP) new model, can catch brokers, underwriters, and risk managers unawares. Be prepared, proactive, and protected by staying ahead of the curve and identifying the cascading impacts of shifts in regulations. #risktech #insurtech #riskmanagement #NFIP
Communication gaps in the #insuranceindustry grow when risk and insurance professionals don’t have effective ways to unify internal data. Automating, standardizing, and cataloging property risk data is a crucial first step in empowering your teams. Maptycs provides an intuitive platform designed to support risk professionals to accurately assess property risks across their portfolio. Connect with…
The success of great #insurtech is striking the right balance between building efficiencies with allowing for human judgment. Improved data insights support better policy decisions, combining risk and insurance experience with advanced analytics. #riskmanagement #risktech #insuranceindustry
Power outages and flooding are two of several major risks to track as Hurricane Nichols made landfall in Texas earlier today, becoming the 6th hurricane of the 2021 #hurricaneseason. With over $30bn damages expected after Hurricane Ida, risk and insurance professionals must take extra diligence in preparing for and responding to severe weather events with…
An insurance industry leader states “[t]he challenge of insurtech is making insurance exciting to consumers.” At Maptycs, we believe the challenge of #insurtech is making insurance meaningful. #riskmanagement #risktech #insuranceindustry
Insurtech cannot replace the knowledge and experience of talented risk and insurance professionals. As an #insurtech company, a core ethos of Maptycs has been to enhance the capability and support the insurance industry become more relevant to their clients’ needs, not replace them.#insuranceindustry #risktech #riskmanagement