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Intermap Announces $3.1 Million Contract with Multiple European Insurers

By GeoConnexion - 1st March 2023 - 08:37

Intermap Technologies a global provider of 3D geospatial data and intelligence solutions, announced multiple members of the Czech Association of Insurers have agreed to sign multiyear, multi-license contracts, with a total value of USD $3.1 million, for Intermap’s flood risk software, Aquarius RMA, and a new generation of precision flood hazard maps. The new suite of agreements includes substantial upfront payment by year end, followed by five-year recurring subscriptions. The Czech Association of Insurers underwrite 98% of the total premiums in the Czech Republic. This multi-license contract with the major insurers in the market will provide critical access to flood hazard maps, high-resolution 3D data, and analytics across the industry. Intermap’s cloud-based software will be integrated seamlessly into the insurers’ workflows, streamlining analytics and geocoding capabilities and providing a comprehensive evaluation of flood risk that insurers will use to underwrite property.

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