As the world continues to face greater levels of risk including pandemics like the novel coronavirus, technologies built on big data analytics like Maptycs are crucial in helping insurance companies gain actionable insights.
NEW YORK (PRWEB) April 06, 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 selected by Intelligent Insurer as a Hot 100 company. Announced in late 2019, the 100 insurtech firms were chosen based on each company’s ability to make a tangible and positive difference to aspects of the risk transfer industry globally, according to Intelligent Insurer.
“We are thrilled to have been included in the Hot 100 InsurTech list,” said Jacqueline Legrand, Founder and CEO of Maptycs. “As the world continues to face greater levels of risk including pandemics like the novel coronavirus, technologies built on big data analytics like Maptycs are crucial in helping insurance companies gain actionable insights. The explosion in volume of external risk data now enables businesses to monitor and mitigate the impacts of large-scale events as they unfold, and more effectively assess the effectiveness of their response efforts in real-time. As an example, several Maptycs clients currently use our cloud-based Geographic Information System to track COVID-19 spread, gain visibility into its potential impact on their business and adjust their risk strategies accordingly.”
According to the Intelligent Insurer story, the list was compiled based on the results of a global survey prompting their readers to nominate companies they have been impressed with. The survey was also complemented by the work of the organization’s in-house research team and the knowledge of its editorial staff.
To view the Intelligent Insurer Insurtech Hot 100 online directory, visit:
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, bringing a more impactful understanding of their property risk exposure and vulnerabilities. Risk managers can more effectively define risk retention, mitigation and transfer strategies, optimize total cost of risk and manage business continuity planning. Underwriters can more confidently assess risk to compute premiums and place adequate reinsurance, while setting timely and adequate reserves, resulting in improved underwriting profits and a positive contribution to the company rating. Visit http://www.maptycs.com for more information.