- Powerful Web-based risk software with improved underwriting
capabilities -
DENVER, CO, Oct. 1, 2014 /PRNewswire/ - 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.
SOURCE Intermap Technologies Corporation