Company upgrades its risk management application and grows client subscriptions
DENVER, March 24, 2022 /CNW/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in geospatial content development and intelligence solutions, today announced an upgraded risk management solution as well as the expansion of contracts and subscriptions with three major European insurance carriers.
Allianz Technology SE ("Allianz") added Allianz Czech as another operating entity, expanding its contract again in addition to adding its Slovakia operating entity earlier this year. Intermap's cloud-based risk assessment solution supports underwriting with the same high-precision and consistency across Europe, enabling insurance companies to add and integrate the solution in all areas of operations.
Direct pojiovna upgraded to the newest innovative version of Aquarius RMA (Aquarius). Intermap's upgraded Aquarius risk management application includes new and improved module functionality, frequent updates for datasets, new flood hazard maps, updated multi-layer geographic display, a module extension for automatic batch geocoding and other new insurance analytics. The new solution also includes unlimited access for an unlimited number of users, enabling any department within an organization to access to the data and analytics via web services.
"Aquarius is a comprehensive solution that allows us to use flood risk modeling for underwriting and risk analysis, as well as for reinsurance purposes," said Michal Kozub, Director of Product Management at Direct pojiovna. "We subscribed to Intermap's risk management application in 2020 as part of its Software Assurance program, which ensures we have access to the latest insurance software and datasets as the application is upgraded. The latest modernized solution will provide Direct pojiovna with a consistent and more effective approach for the whole life cycle of our portfolios, from underwriting to reinsurance."
Pojiovna VZP, a state-owned insurance company, also expanded its subscription by upgrading services to the new cloud-based Aquarius software and automatic bulk geocoding solution. Pojiovna VZP provides comprehensive insurance protection of real estate from fire, flood, windstorm, hail, theft and other property damage. This upgrade enables Pojiovna VZP to increase underwriting precision, perform accurate risk assessments across all its portfolios and expand into new areas of insurance underwriting.
"Intermap continues to grow its European insurance business by offering innovative solutions that help customers solve complex problems," said Patrick A. Blott, Intermap's Chairman and CEO. "Our comprehensive analytics and continually updated data enable clients to perform precise risk assessments and expand underwriting services beyond their local clientele."