- 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.
"Property insurance underwriting is a location-based decision making process that relies heavily on accurate integration of geospatial and hazard information," said Ivan Maddox, Intermap’s InsitePro Product Manager. "Intermap’s InsitePro software provides valuable tools and information for brokers and carriers to be successful, regardless of where they are brokering or writing insurance. For those working with United States-based properties, the ability to quickly refer to FEMA ratings is extremely helpful."
InsitePro leverages Intermap's best-in-class NEXTMap® and NEXTMap World 30™ elevation datasets. 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.
Flooding is a recurring threat around the world, with over $2 trillion worth of property exposed to flood damage annually. InsitePro provides 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 with profiles and distances
- Visualization tool for sales people to present a picture of risk to their clients
InsitePro v2.2 is available immediately. For more information please go to www.intermap.com/software/insitepro.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap Technologies is an industry leader in geospatial solutions on demand with its secure, cloud-based Orion Platform®. Through its powerful suite of software 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 solutions 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.
For more information, please contact:
Ivan Maddox, InsitePro Product Manager
+1 (303) 708-0955