Unique wind monitoring products enable timely and geospatially accurate risk management for insurers and reinsurers |
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Wednesday, March 11, 2009
DENVER & Munich, Germany: Intermap Technologies announced today the launch of two new windstorm applications — daily maximum wind speed maps and long-term maximum wind speed maps. Intermap‘s wind-monitoring products provide critical data about wind velocity and direction to insurers and reinsurers throughout Europe. The products were developed in cooperation with iXmap GmbH, a Germany-based company specializing in the development and automation of environmental simulation models. The daily maximum wind speed map product monitors the maximum speed of wind gusts occurring during any previous 24-hour period; thereby, allowing for the timely estimation of possible losses and the efficient assessment of claims immediately after an event. Long-term maximum wind speed maps, on the other hand, provide information about the number of days with wind gusts exceeding 17.22 m/second (38 mph) during the last 30 years. The long-term product supports the insurance underwriting process with accurate risk assessment and tariff zone definition, as well as enabling reliable future loss prognosis and exposure risk modeling. Both products can be used for either single-location wind risk evaluation or large-scale territory analyses, and are available in file formats suitable for all standard GIS tools. "Devastating windstorms have plagued Europe throughout recorded history. Intermap is pleased to offer sophisticated wind monitoring products that will help analyze future loss potentials, as well as assess fair and equitable adjustments for individuals suffering extensive property damage,” said Dr. Manfred Krischke, vice president, risk management applications for Intermap Technologies. “Our daily maximum wind speed product, in particular, is ideally suited to assist the insurance industry with post-event evaluation by helping risk managers quickly and accurately estimate property losses immediately following a catastrophic wind event." Intermap's risk management division enables insurance companies to better define possible risks — resulting in more effective portfolio management and a net reduction of costs. Companies around the world are turning directly to Intermap to leverage the Company's NEXTMap® geospatial dataset and applications to better manage their business. More information can be found by contacting the Company's Munich office. ### About Intermap Technologies Headquartered in Denver, Colorado, Intermap employs more than 850 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Paris, Prague, and Washington D.C. For more information, visit www.Intermap.com. NEXTMap® is a registered trademark of Intermap Technologies Corporation Contacts Intermap Technologies iXmap GmbH Dr. Thomas Selige +49 9402 9302-71 Peter Henlein Strasse 5 93128 Regenstauf
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. |
