Firm upgrades its danger administration utility and grows consumer subscriptions
DENVER, March 24, 2022 /PRNewswire/ – Intermap Applied sciences (TSX: IMP) (OTCQX: ITMSF) (“Intermap” or the “Firm”), a worldwide chief in geospatial content material growth and intelligence options, in the present day introduced an upgraded danger administration answer in addition to the enlargement of contracts and subscriptions with three main European insurance coverage carriers.
Allianz Know-how SE (“Allianz”) added Allianz Czech as one other working entity, increasing its contract once more along with including its Slovakia working entity earlier this yr. Intermap’s cloud-based danger evaluation answer helps underwriting with the identical high-precision and consistency throughout Europe, enabling insurance coverage firms so as to add and combine the answer in all areas of operations.
Direct pojišťovna upgraded to the most recent revolutionary model of Aquarius RMA (Aquarius). Intermap’s upgraded Aquarius danger administration utility consists of new and improved module performance, frequent updates for datasets, new flood hazard maps, up to date multi-layer geographic show, a module extension for computerized batch geocoding and different new insurance coverage analytics. The brand new answer additionally consists of limitless entry for a vast variety of customers, enabling any division inside a corporation to entry to the information and analytics through net providers.
“Aquarius is a complete answer that permits us to make use of flood danger modeling for underwriting and danger evaluation, in addition to for reinsurance functions,” stated Michal Kozub, Director of Product Administration at Direct pojišťovna. “We subscribed to Intermap’s danger administration utility in 2020 as a part of its Software program Assurance program, which ensures now we have entry to the most recent insurance coverage software program and datasets as the applying is upgraded. The newest modernized answer will present Direct pojišťovna with a constant and simpler strategy for the entire life cycle of our portfolios, from underwriting to reinsurance.”
Pojišťovna VZP, a state-owned insurance coverage firm, additionally expanded its subscription by upgrading providers to the brand new cloud-based Aquarius software program and computerized bulk geocoding answer. Pojišťovna VZP offers complete insurance coverage safety of actual property from hearth, flood, windstorm, hail, theft and different property harm. This improve allows Pojišťovna VZP to extend underwriting precision, carry out correct danger assessments throughout all its portfolios and develop into new areas of insurance coverage underwriting.
“Intermap continues to develop its European insurance coverage enterprise by providing revolutionary options that assist clients remedy advanced issues,” stated Patrick A. Blott, Intermap’s Chairman and CEO. “Our complete analytics and frequently up to date knowledge allow purchasers to carry out exact danger assessments and develop underwriting providers past their native clientele.”
To study extra about Intermap’s European providers, go to www.intermap.com/european-solutions.
Intermap Reader Advisory
Sure data supplied on this information launch constitutes forward-looking statements. The phrases “anticipate”, “count on”, “challenge”, “estimate”, “forecast”, “will probably be”, “will contemplate”, “intends” and related expressions are supposed to determine such forward-looking statements. Though Intermap believes that these statements are based mostly on data and assumptions that are present, cheap and full, these statements are essentially topic to a wide range of recognized and unknown dangers and uncertainties. Intermap’s forward-looking statements are topic to dangers and uncertainties pertaining to, amongst different issues, money accessible to fund operations, availability of capital, income fluctuations, nature of presidency contracts, financial situations, lack of key clients, retention and availability of government expertise, competing applied sciences, frequent share worth volatility, lack of proprietary data, software program performance, web and system infrastructure performance, data know-how safety, breakdown of strategic alliances, and worldwide and political issues, in addition to these dangers and uncertainties mentioned Intermap’s Annual Data Kind and different securities filings. Whereas the Firm makes these forward-looking statements in good religion, ought to a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes could differ considerably from these anticipated. Accordingly, no assurances might be on condition that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them achieve this, what advantages that the Firm will derive therefrom. All subsequent forward-looking statements, whether or not written or oral, attributable to Intermap or individuals performing on its behalf are expressly certified of their entirety by these cautionary statements. The forward-looking statements contained on this information launch are made as on the date of this information launch and the Firm doesn’t undertake any obligation to replace publicly or to revise any of the forward-looking statements made herein, whether or not on account of new data, future occasions or in any other case, besides as could also be required by relevant securities regulation.
About Intermap Applied sciences
Based in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP;OTCQX: ITMSF) is a worldwide chief in geospatial intelligence options. The Firm’s proprietary 3D NEXTMap® elevation datasets and value-added geospatial assortment, processing, analytics, fusion and orthorectification software program and options are utilized throughout a spread of industries that depend on correct, high-resolution elevation knowledge. Intermap helps governments construct authoritative geospatial datasets and offers options for base mapping, transportation, environmental monitoring, topographic mapping, catastrophe mitigation, sensible metropolis integration, public security and protection. The Firm’s business functions embody aviation and UAV flight planning, flood and wildfire insurance coverage, environmental and renewable power planning, telecommunications, engineering, vital infrastructure monitoring, hydrology, land administration, oil and gasoline and transportation. For extra data, please go to www.intermap.com.
SOURCE Intermap Applied sciences Company