European Solutions

Our European insurance solution is featured in Czech insurance magazine Pojistný obzor (Insurance Horizon). Climate change is increasing the frequency of damage caused by natural catastrophes, particularly floods. The availability of accurate input data and modern modeling technology, as well as cloud deployment systems, simplifies and reduces the cost for insurance companies to underwrite flood risk. Published by Česká asociace pojišťoven (Czech Insurance Association) since 1922, Pojistný obzor (Insurance Horizon) provides a platform for insurance professionals to engage and learn about key topics in the domestic and foreign insurance markets.

Current trends in creation and use of flood maps by the insurance market

CAT / PML Modeling. Stochastic flood possible maximum loss (PML) modeling using limits, deductibles, coinsurance, and multi-locations as well as custom vulnerability functions.

Manual Geocoding & Address / Parcel Cleansing. Bulk geocoding of addresses or parcel numbers are evaluated. This includes cleansing and correcting of typos, mistyped street names or postal codes, abbreviations, and missing characters.

Flood Footprint Mapping. Custom mapping of flooded areas using airborne or UAV technologies.

General Insurance Consulting. Cost-benefit analysis, customer seminars, portfolio risk analysis, custom risk mapping, application support during catastrophic events, UAV-based risk, and claim assessment.

Data Updates. Recurring or one-time updates of hazard map layers, address or parcel databases, and background maps.

Our Geocoding Solutions are subscription-based services for insurers, reinsurance brokers and reinsurers.

Example of flood hazard zones in Romania. Green dots represent correct location after batch geocoding process, orange dots represent original incorrect location. It is not uncommon for a property to be incorrectly categorized as outside a flood zone when it is actually located inside one, or vice versa.

Batch Assessment. Large portfolios are assessed for the purpose of reinsurance renewal, claim management or underwriting.

Automatic Bulk Geocoding & Risk Assessment. Automatically cleans data in batch and assigns the correct address, coordinates, and hazard zones based on Intermap’s hazard maps.

Polygon-Based (area or footprint) Risk Assessment. Service provides risk evaluation for larger sites such as industrial areas, transport infrastructure, agricultural parcels or custom defined shapes.

Supplier – These partners supply data that is integrated into our solutions and delivered to customers in the insurance, financial services and real estate markets.

Value-Added Resellers – These partners combine Intermap data and analytics services with their solutions to address insurance, financial services, and real estate market specifics and client requirements.

Associations – These partners secure the interests of insurance, financial services, and real estate companies and help establish our position in the markets.