U.S. President Biden’s executive order this week underscores a broader international trend for greater climate risk disclosure and climate analysis. Lack of awareness is lack of preparedness – connect with MAPTYCS to see how risk and insurance professionals are using our geospatial visualization platform to proactively identify their climate risks.
While the 2021 Atlantic hurricane season officially begins June 1st, early signs of tropical storm development signals a potentially busy season this year. Risk and insurance professionals should proactively prepare to adjust risk strategies as weather forecasts develop.
Climate risk disclosure requirements are increasing for companies that face physical climate risks like fire and floods. As risk and insurance professionals manage greater obligations to quantify and assess climate risks, MAPTYCS provides the best platform to proactively manage risk strategies and rapid response to severe weather events.
As National Hurricane Preparedness Week comes to a close, risk and insurance professionals should proactively advise clients how to prepare their property and employees for an above-average hurricane season.
Geospatial technology is the backbone for future risk resilience against climate risk, with flood forecasting models, early warning systems, and contextual risk awareness.
While insurance companies have been “laggards compared to their financial services counterparts” when it comes to big data and analytics, insurers are slowly starting to change as “more insurers see concrete results from investments in innovation and technology.”
Dat-driven insurance, move to digital platforms, and cloud computing are the top 3 tech trends shaping 2021. Connect with our team to see how the Maptycs platform is revolutionizing risk analytics with our groundbreaking geospatial visualization platform.
Only one in five companies quantify the financial impacts and physical risks of climate change, opening them up to both lower investor/client interest and potential legal action. Geospatial data is a crucial step in building internal systems to analyze climate risks that affect your business.
Location intelligence with big data analytics reveal patterns and trends to anticipate their customer needs. Geospatial awareness is a key difference-maker in identifying insights, often in real-time, on situations that may dramatically impact your business.
Updated or modified climate risk models can dramatically shift risk strategies. When CAT risk models change, risk and insurance professionals need to reassess all the ways this can affect their business’ operations.