Intermap Technologies, a global provider of 3D geospatial data and intelligence solutions, 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 counselling 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.”
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