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Captive Review – Q&A: Jacqueline Legrand, Maptycs

With the rise of natural disasters and the explosion of high-quality local data, risk managers and captive owners need to consolidate at a faster pace increasingly complex datasets to obtain timely actionable insights. Jacqueline Legrand, CEO of Maptycs, believes that the only way to do it right is to invest in performing and flexible technology.

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Being resourceful and going fast in the perfect storm – Insurance Coffee House Podcast with Jacqueline Legrand, CEO & Co-Founder, Maptycs®

“You want to sell a tech solution on the business use case and not on technical capabilities. We are here to help people perform better”, says Jacqueline.
She talks through her journey from starting her career with IBM to falling in to the insurance industry and holding senior leadership Brokerage positions across four continents, before co-founding New York-based insurtech Maptycs in 2016 as response to client need.

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Sustainable underwriting requires expertise, data, technology, and transparency

Maptycs® looks forward to the commercial sustainability conversation at InsureTech Connect conference in Vegas. Smart underwriting requires people expertise, a mix of curated historical & real-time data, and powerful technology platforms to combine and analyze multiple datasets better and faster. sustainable underwriting will increasingly rely on trust and transparency between insurers, insureds, and brokers to improve risk prevention and mitigation, and to maintain economically acceptable insurance costs for organizations and the Society.

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NOAA expects 60% above-normal Atlantic hurricane season

Climate change is causing pervasive extreme weather, and the insurance market has experienced a rise of catastrophic losses due to flooding, hurricanes, wildfires, and droughts over the past few years. With losses mounting, the key challenge for property underwriters to remain competitive and generate underwriting profits is to consolidate in real-time increasingly complex datasets to build an accurate picture of their risk exposure and compute adequate premiums. The ability to monitor severe weather events is equally critical to optimize the deployment of claims management resources and set aside adequate reserves for claims payouts.

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Property underwriters are facing a growing list of challenges

With the rise of natural disasters and the explosion of high-quality location-based data developed by specialist companies, insurers need adequate tools to get a granular understanding of their property portfolios risk exposure, track accumulations of values, and integrate increasingly complex datasets to make better and faster underwriting decisions.

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