Environmental, social and governance (ESG) transparency requirements is increasingly demanded during insurance renewals as climate risks continue to rise. The changing landscape places greater pressure for risk and insurance professionals to more deeply analyze their risk strategies.
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Historical loss records alone are not adequate in assessing climate risk, according to Swiss Re. As the losses due to weather events continue to increase, “insurers need...
SEC mandatory climate risk disclosures, set to be announcements at the end of the year, will require consistent, comparable, and “decision-useful” reporting. In a...