— 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."
Using InsitePro, carriers can automate the risk pricing activities that they are comfortable with and identify risks that need further analysis by an underwriter. It offers fast answers for most properties and allows the carrier to add value where appropriate. Including all perils will enable a carrier to write complete property coverage for homes and businesses to differentiate themselves from carriers that only offer standard coverage.
For more information, please visit http://www.intermap.com/software/insitepro.
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Atkins (www.atkinsglobal.com) is one of the world's most respected design, engineering and project management consultancies, employing some 18,000 people across the UK, North America, Middle East, Asia Pacific, and Europe. They build long-term trusted partnerships to create a world where lives are enriched through the implementation of their ideas.
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.
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