Demand is increasing for data and analytics
around the world
Providing global insurance solutions
supported by unmatched datasets
DENVER, Sept. 1,
2022 /CNW/ - Intermap Technologies (TSX: IMP) (OTCQX:
ITMSF) ("Intermap" or the "Company"), a global leader in 3D
geospatial data and intelligence solutions, today announced
Generali Romania is expanding its risk assessment capabilities by
incorporating Intermap's Aquarius RMA ("Aquarius") flood risk
solution into its core insurance processes.
Generali Romania leverages flood maps that are produced using
Intermap's high-resolution digital terrain models, hydrology data
and comprehensive information from the National Institute of
Hydrology and Water Management of Romania. The flood hazard maps cover more than
90,000km along rivers. It includes boundaries for 20-year, 100-year
and 500-year flood extents, as well as maps of maximum flood depth
for each of the periods.
"Generali Romania is one of the leaders of the housing and
corporate insurance segments and we are now able to optimize our
flood risk evaluation resources through a pioneering collaboration
in the Romanian market. This is an important step for making
insurance coverage reflect the real-time flood risk as well as to
help our clients through better risk counseling and prevention
solutions," said Ales Tausche, Chief
Insurance Officer, Generali Romania.
"With historic flooding from Pakistan to Mississippi, record wildfires from
Greece to California, and catastrophic drought
exacerbated by extreme heat waves around the world, climate
resilience efforts are urgent," commented Patrick Blott, Intermap Chairman and CEO.
"Intermap's global solutions leverage its unmatched, proprietary
datasets, global consistency and precision, and speed delivering
high-resolution, rapid updates anywhere in the world. These unique
capabilities enable insurers across multiple regions to understand
and underwrite peril risk anywhere on Earth."
Intermap's Aquarius solution is a cloud-based flood risk
assessment software that greatly simplifies the access to critical
datasets and advanced tools and is customizable to meet different
specific customer needs. The Company's software solution is
composed of multiple analytics and geocoding capabilities,
providing Generali Romania with a comprehensive picture of the
possible flood risk in specific areas and estimated volume of
claims and length of service interruption in affected areas. The
datasets are continually updated to ensure customers have the
latest information in the areas where they operate. This enables
customers to optimize several areas of the insurance process, from
primary underwriting, risk engineering, product methodology and
development, to actuarial science, claims and reinsurance.
For more information, visit
www.intermap.com/european-solutions.
Intermap Reader Advisory
Certain information provided in this news release constitutes
forward-looking statements. The words "anticipate", "expect",
"project", "estimate", "forecast", "will be", "will consider",
"intends" 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.
Intermap's forward-looking statements are subject to risks and
uncertainties pertaining to, among other things, cash available to
fund operations, availability of capital, revenue fluctuations,
nature of government contracts, economic conditions, loss of key
customers, retention and availability of executive talent,
competing technologies, common share price volatility, loss of
proprietary information, software functionality, internet and
system infrastructure functionality, information technology
security, breakdown of strategic alliances, and international and
political considerations, as well as those risks and uncertainties
discussed Intermap's 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.
About Intermap Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQX:
ITMSF) is a global leader in geospatial intelligence solutions,
focusing on the creation and analysis of 3D terrain data to produce
high-resolution thematic models. Through scientific analysis of
geospatial information and patented sensors and processing
technology, the Company provisions diverse, complementary,
multi-source datasets to enable customers to seamlessly integrate
geospatial intelligence into their workflows. Intermap's 3D
elevation data and software analytic capabilities enable global
geospatial analysis through artificial intelligence and machine
learning, providing customers with critical information to
understand their terrain environment. By leveraging its proprietary
archive of the world's largest collection of multi-sensor global
elevation data, the Company's collection and processing
capabilities provide multi-source 3D datasets and analytics at
mission speed, enabling governments and companies to build and
integrate geospatial foundation data with actionable insights.
Applications for Intermap's products and solutions include defense,
aviation and UAV flight planning, flood and wildfire insurance,
disaster mitigation, base mapping, environmental and renewable
energy planning, telecommunications, engineering, critical
infrastructure monitoring, hydrology, land management, oil and gas
and transportation.
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SOURCE Intermap Technologies Corporation
