Intermap Makes Earthquake Data Available for Risk Scoring via InsitePro

Posted by Rich Mohr

Sep 24, 2015 9:30:05 AM

— Intermap and Atkins sign licensing agreement for natural catastrophe hazard data —

DENVER, Sept. 24, 2015 /PRNewswire/ - Intermap Technologies (IMP.TO), (ITMSF:BB), a leading provider of location-based solutions, today announced that it has entered into an agreement with Atkins, one of the world's most respected design, engineering, and project management consultancies, to include their natural catastrophe risk and hazard data archives, including North American earthquake data, in its InsitePro software product.

InsitePro is Intermap's cloud-based risk assessment software designed to help property insurance underwriters assess location-based risk. With its configurable analytic engine, InsitePro allows users to design risk scoring analytics that address specific business needs. InsitePro applies reliable peril and geospatial data in a way that fits a carrier's approach to risk.

"InsitePro's flood analytics are changing the way flood insurance is priced and delivered," stated Product Manager Ivan Maddox. "With the Atkins agreement, Intermap will be offering risk scores for all natural perils, including earthquake, hail, tornado, and wind (straight-line and hurricane). InsitePro can now replicate the innovation brought to flood risk assessment across these other perils, delivering custom analytics to underwriters that are based on dependable data and their own view of risk." 

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Topics: InsitePro, Natural Hazard Risk, Product Update, Insurance Underwriting, Natural Catastrophe

Intermap’s InsitePro Software Licensed by Global Reinsurer in Four Latin American Countries

Posted by Rich Mohr

Jul 22, 2015 12:33:45 PM

DENVER, July 22, 2015 - Intermap Technologies® (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced an agreement with a leading Global Reinsurer to license InsitePro™ software in: Argentina, Peru, Colombia, and Chile. The adoption of flood insurance throughout South America is increasing and InsitePro serves the growing demand from insurance carriers. InsitePro will be delivered to underwriters so that they have the necessary software to evaluate locations, one-by-one or thousands at a time, using innovative and reliable risk models and analytics.

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Topics: InsitePro, New Customer

Intermap Technologies Signs InsitePro Agreement with Major Florida Insurer

Posted by Rich Mohr

Jun 15, 2015 8:36:35 AM

DENVER, June 15, 2015 - Intermap Technologies (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced an InsitePro subscription from one of the largest insurers of homes in Florida. InsitePro is software as a service (SaaS) that supplies location-based risk assessment to the property insurance industry. A key benefit of InsitePro for this insurer is the ability to score location risks according to their own business rules.

“This subscription is a milestone for InsitePro because it validates our strategy for risk scoring,” said Ivan Maddox, Intermap’s InsitePro Product Manager. “Insurers need to apply their own view of risk to natural catastrophe perils to ensure maximum efficiency and competitiveness. The risk scoring component of InsitePro provides this Florida carrier with immediate answers to their pricing questions by offering a more complete view of risk than what can be obtained by simply viewing a flood zone or claims history.

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Topics: InsitePro, Product Update

Intermap Technologies® Unveils Risk Scoring Functionality in Latest Version of InsitePro™

Posted by Rich Mohr

Mar 25, 2015 9:23:00 AM

DENVER, March 25, 2015 - Intermap Technologies (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, today released a new version ofInsitePro, aSaaS product that delivers location-based risk assessments to the property insurance industry.

The centerpiece of this release is powerful risk scoring functionality. Risk scoring provides a more complete view of location-based risk than a simple flood or earthquake zone can, allowing InsitePro to automate complex risk assessment for underwriters. Typical uses of the risk score function include:

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Topics: InsitePro, Product Update

Intermap Technologies Customizes InsitePro™ For Hazardous Liquid Pipeline Operators

Posted by Rich Mohr

Nov 18, 2014 8:00:00 AM

InsitePro for Pipelines answers environmental and regulatory compliance questions within a risk-based solution.

DENVER – November 18, 2014 (TSX: IMP) – Intermap Technologies, a leading provider of location-based solutions, today announced the availability of InsitePro for Pipelines — a customized version of InsitePro, Intermap’s natural catastrophe risk management software. InsitePro for Pipelines was created specifically for hazardous liquid pipeline operators throughout North America, enabling risk-based decision-making and improved environmental and regulatory compliance by providing immediate, up-to-date, simple access to geo-hazards and high consequence areas (HCAs).

Addressing an Industry-Wide Challenge

HCAs are defined by the Pipeline and Hazardous Materials Safety Administration (PHMSA) as an industry standard for ensuring pipeline operators have accurate information on areas that require special management practices. These include population, commercially navigable waterways, ecologically sensitive areas and locations that house public drinking water reserves. Populated areas and navigable waterways have scheduled updates, but PHMSA has encountered funding and resource challenges updating ecological and drinking water HCAs. The last release was in 2000. In general, the industry does not have the tools to maintain these complex datasets — although they are responsible for factoring environmental change into their integrity management programs. This in a climate where regulation of pipeline safety is becoming more publicized and politicized due to increasing urgency to protect our natural heritage and indispensible water resources. In response, the American Petroleum Institute (API), with PHMSA cooperation, has published a draft of recommended practice 1173: Pipeline Safety Management System Requirements. This practice requires detailed understanding of the operational setting integrated into the management systems. In Canada, the National Energy Board (NEB) regulated the requirement of risk management systems in 2013. These standards add further pressure on the industry to not only understand the potential consequences to HCAs, but the geo-hazards their pipelines may be exposed to (flood, fire, subsidence, etc.).

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Topics: New Product Introduction, InsitePro

Intermap Technologies® Releases InsitePro™ v2.2 Saas for Insurers

Posted by Rich Mohr

Oct 1, 2014 8:00:00 AM

- Powerful Web-based risk software with improved underwriting capabilities -

DENVER, October 1, 2014 - Intermap Technologies (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced the release of InsitePro v2.2, Intermap's Software-as-a-Service (SaaS) location-based risk assessment product for insurance underwriters worldwide. This latest version of InsitePro includes a new Underwriting Module that provides property insurance underwriters with a powerful means to evaluate individual locations for flood risk and other perils anywhere in the world.

For underwriters and insurance brokers working with properties in the United States, InsitePro v2.2 offers instant and easy access to the entire FEMA Flood Insurance Rate Map (FIRM) library. It provides a direct report of the FEMA zone for an individual property, along with a fully interactive map showing the entire FEMA zone and the specific terrain within the zone. It also allows comparison to other flood models for a more complete understanding of risk.

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Topics: New Product Introduction, InsitePro

Intermap’s InsitePro™ Software Licensed by Swiss Re in Brazil

Posted by Rich Mohr

Sep 15, 2014 8:54:00 AM

DENVER, September 15, 2014 - Intermap Technologies®a leading provider of location-based solutions, today announced further details about a previously announced agreement (June 10, 2014) to license the Company’s InsitePro software to an unnamed top 10 global reinsurer for use in a specific Latin American country. Today Intermap disclosed the customer to be Swiss Re, a global leader in reinsurance.

In June 2014, Swiss Re signed an agreement to license Intermap's SaaS based InsitePro software to help them visualize and analyze location-specific risk. Under the terms of the agreement, Swiss Re is using Intermap’s InsitePro product to help bring its superior flood and underwriting knowledge to the Brazilian market in the form of a flood risk assessment tool (FRAT). This tool provides underwriters with a powerful means to evaluate locations one-by-one or thousands at a time via innovative risk models and analytics. The Brazilian flood insurance industry is rapidly developing and InsitePro will help Swiss Re serve the growing demand from its customers throughout the entire Brazilian market.

"Underwriting flood coverage is a location-based decision process that depends on accurate integration of geospatial and flood risk information," said Ivan Maddox, Intermap’s InsitePro Product Manager. "We are providing the necessary software tools to Swiss Re to help them share their best practices underwriting capabilities with their customers, and to also aid in the consolidation of their footprint in the Brazilian market".

InsitePro for Flood Risk Insurance Underwriters


InsitePro leverages Intermap's best-in-class NEXTMap® and NEXTMap World 30™ elevation datasets, together with sophisticated analytics, to produce a powerful SaaS based risk analysis tool. Point-specific ground elevation allows users to go beyond flood models to better understand the risk of flood by determining heights above flood elevation, flow routes from rivers to buildings, and safer locations for new infrastructure and buildings. InsitePro can also display a customer's own proprietary risk data or any available Government data. InsitePro is available to insurers and reinsurers around the world immediately.
 

About Intermap Technologies 

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Topics: InsitePro, New Customer

Intermap Signs InsitePro™ Software Agreement with Top 10 Global Reinsurer

Posted by Rich Mohr

Jun 10, 2014 8:00:00 AM

- Key Components of the Intermap Orion Platform™ Licensed -

DENVER, June 10, 2014 /PRNewswire/ - (IMP.TO), (ITMSF:BB) - One month after announcing the commercial availability of InsitePro™, Intermap Technologies a leading provider of location-based solutions, today announced an agreement to license InsitePro to a Top 10 Global Reinsurer for use in a specific Latin American country. InsitePro is a Software-as-a-Service (SaaS) product that is purpose built to visualize and analyze location-specific risk. InsitePro provides Global Reinsurers with a powerful tool to evaluate locations one-by-one or thousands at a time via the Company's innovative risk models and analytics.

Intermap is evolving the way the world views risk management. By connecting people to location-based solutions through the InsitePro application, Intermap makes risk planning more accessible, opening up more possibilities for governments and enterprises anywhere in the world. InsitePro's expanding global presence continues to connect more people with life and property saving risk management answers, forever changing the way cities are managed, communities are built and lives are lived.

Only Intermap's Orion Platform™ can provide integrated access to Intermap's WorldFlood™ model, GeoPro™, InsitePro™ and the Company's proprietary elevation data to forecast flood risk in Latin America. InsitePro provides proprietary access to Intermap's WorldFlood™ model, which forecasts uniform flood coverage anywhere in the world. GeoPro is software that easily and simply serves all types of geospatial data to authorized users who can then analyze the information to quickly provide location-based answers to their customers.

"We're pleased to be working with this Top 10 Global Reinsurer. This agreement is further proof that InsitePro and our Orion Platform can become the authoritative provider of Web-based risk models for all types of perils around the world," said Todd Oseth President and CEO of Intermap. "Reinsurance providers now have dependable and consistent flood risk information at their fingertips. We're looking forward to bringing the benefits of InsitePro and the Orion Platform to customers around the world."

InsitePro leverages Intermap's best-in-class NEXTMap® and NEXTMap World 30™ elevation data. Point-specific ground elevation allows users to go beyond flood models to better understand the risk of flood by determining heights above flood elevation, flow routes from rivers to buildings, and safer locations for new infrastructure and buildings. InsitePro can also display a customer's proprietary risk data or any available Government data.

Flooding is a recurring threat around the world, with over U.S. $2 trillion worth of property exposed to flood damage annually. InsitePro and the Orion Platform provide four major benefits to help manage and explain flood exposure:

Quickly and easily analyze locations for risk of flood, wildfire, and other perils
Visualize locations and their proximity to risk zones
Leverage dependable ground elevations to qualify flood risk
Visualization tool for sales people to present a picture of risk to their clients

InsitePro is available immediately. For more information, please contact Ivan Maddox at imaddox@intermap.com.

About Intermap Technologies

Headquartered in Denver, Colorado - Intermap (www.intermap.com) is an industry leader in location-based solutions on demand with its secure, cloud based Orion Platform™. Through its powerful suite of 3DBI® applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location- based decisions for customers in diverse markets around the world. For more information please visit www.intermap.com

Intermap Reader Advisory

Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
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Topics: InsitePro, New Customer

Intermap Technologies Launches InsitePro™

Posted by Rich Mohr

May 7, 2014 9:00:00 AM

Visualize and Analyze Local to Global Risk with Powerful Web-Based Application
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Topics: New Product Introduction, InsitePro

Intermap Announces $410,000 NEXTMap Licensing Sale for RiskPro™ Solution Contract

Posted by Rich Mohr

Mar 21, 2013 8:30:00 AM

DENVER, March 21, 2013 - Intermap (IMP.TO), (ITMSF:BB), a leading provider of geospatial solutions on-demand created from its uniform, high-resolution 3D digital models of the earth’s surface, today announced that it has received a $410,000 NEXTMap licensing sale for a RiskPro solution in Southeast Asia. The data will be immediately delivered from the Company’s NEXTMap data library. 

“This contract is the initial phase of a RiskPro 3D Business Intelligence (3DBI) solutions sale that includes the delivery of NEXTMap data, Intermap’s RiskPro risk management software application, and the related web services,” said Todd Oseth, president and CEO of Intermap. “This contract is an example of how a complete geospatial solution supplied by Intermap can be used by our customers to help them with natural disaster planning, natural resource management, national security interests, infrastructure planning, and 3D location based information planning.” 

About Intermap

Headquartered in Denver, Colorado – Intermap (www.intermap.com) is an industry leader in geospatial solutions on demand. Through its powerful suite of 3DBI applications and proprietary development of contiguous databases that fuse volumes of GIS data into a single source, Intermap is able to provide location-based solutions for customers in diverse markets around the world that solve today’s complex geospatial challenges.

Investor Relations contact:
Cory Pala
416.657.2400
Cory.Pala@evestor.com
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Topics: InsitePro

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