In a world where emerging risks are rising, software built on big data technology like Maptycs are proving crucial in helping companies gain actionable insights, prepare recovery plans and assess effectiveness of response efforts through real-time data.
NEW YORK (PRWEB) November 05, 2020
Today, Maptycs (http://www.maptycs.com), an insurtech company that uses geospatial visualization and advanced analytics technology to help insurance professionals better assess property risk exposure, map assets against natural perils, and monitor severe weather events in real-time, announced it had been named to Fintech Global’s InsurTech 100 ranking. According to Fintech Global’s announcement on November 4, 2020, the InsurTech 100 showcases the world’s most innovative solution providers addressing the digital transformation challenges and opportunities within insurance.
“We are thrilled to have been selected by Fintech Global for the prestigious InsurTech 100 ranking,” said Jacqueline Legrand, Founder and CEO of Maptycs. “In a world where emerging risks are rising, driven by technology, political violence, climate change and more recently pandemics, software built on big data technology like Maptycs are proving crucial in helping companies gain actionable insights, prepare recovery plans and assess effectiveness of response efforts through real-time data. The insurance industry must strive to adapt to stay relevant and profitable. New technologies provide specialized and evolutive platforms that can integrate into insurers’ ecosystems to complement legacy software.”
Fintech Global’s announcement also noted that this year’s process was more competitive than ever, and a panel of analysts and industry experts carefully analyzed and voted from a list of more than 1,200 companies. Finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the insurance value chain.
The full list of the InsurTech100 can be found at http://www.TheInsurTech100.com
Maptycs is a data analytics and geospatial visualization solution for the commercial insurance industry. Through its next-generation platform, Maptycs combines big data technology and a proprietary 100% cloud-based Geographic Information System (GIS) enabling insurance professionals to capture, combine and analyze increasingly complex risk data from multiple sources and formats in real-time. Maptycs brings an impactful understanding of businesses’ property risk exposure and vulnerabilities. Risk managers can effectively define risk retention, transfer strategies, and optimize total cost of risk. Underwriters can confidently assess risk to compute premiums, place adequate reinsurance resulting in improved underwriting profits and positive company rating. Visit http://www.maptycs.com for more information.