DENVER, July 22, 2015 /PRNewswire/ - Intermap Technologies® (TSX: IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced an agreement with a leading Global Reinsurer to license InsitePro™ software in: Argentina, Peru, Colombia, and Chile. The adoption of flood insurance throughout South America is increasing and InsitePro serves the growing demand from insurance carriers. InsitePro will be delivered to underwriters so that they have the necessary software to evaluate locations, one-by-one or thousands at a time, using innovative and reliable risk models and analytics.
"Underwriting flood coverage is a location-based decision that depends on accurate integration of geospatial answers and flood risk information," said Ivan Maddox, Intermap's InsitePro Product Manager. "Intermap is delivering InsitePro to this Global Reinsurer to help them transfer their underwriting capabilities to their clients in the Latin American market."
InsitePro leverages Intermap's best-in-class NEXTMap® and NEXTMap World 30™ elevation datasets, together with powerful analytics, to produce a robust SaaS-based risk analysis tool. Configurable risk scoring allows users to go beyond flood models to better understand flood risk by combining heights above flood elevation, flow routes from rivers to buildings, and the latest flood models in a way that solves specific business problems. InsitePro can also display a customer's own proprietary risk data or any available government data.
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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SOURCE Intermap Technologies Corporation