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Intermap Partners with Anchor Point to Support Wildfire Underwriting
Intermap Partners with Anchor Point to Support Wildfire Underwriting Canada New...
About this update from Intermap Technologies Corporation Class A
[{"type":"text","content":"\n \n \n \n Intermap Partners with Anchor Point to Support Wildfire Underwriting\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Transforming multi-peril insurance, including private market in the U.S.\n \n \n \n \n \n Empowering effective risk diversification for insurers\n \n \n \n \n Latest version of No-HARM wildfire model now available in InsitePro®\n \n \n \n \n DENVER, CO\n \n ,\n \n April 8, 2021\n \n /CNW/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) (\"Intermap\" or the \"Company\"), a global leader in geospatial intelligence solutions, today announced that North American insurance monthly recurring revenue (MRR) has grown by 10% since the end of 2020. The growth is fueled by strong renewals, including key InsitePro® clients renewing subscriptions at higher rates.\n \n \n InsitePro is a SaaS package that delivers property-specific risk analytics for underwriting flood insurance anywhere in the U.S. and\n \n Canada\n \n , using Intermap's proprietary, global, 3D elevation data. One of the recent renewals is California Flood Insurance Services in\n \n San Diego\n \n . \"Intermap is a valued partner in our operation,\" said\n \n Aaron Farmer\n \n , President of California Flood Insurance Services. \"We love InsitePro because it's simple to use, and their API platform is seamless with our cloud rating service. Plus, they are always there if we need them.\"\n \n \n The U.S. flood market is one of the largest untapped sources of new premium for insurers, with over\n \n $5 billion\n \n in unwritten premium available. InsitePro helps insurers move into flood insurance profitably while enabling effective risk diversification.\n \n \n In addition to flood, InsitePro supports wildfire underwriting. Intermap is partnering with\n \n Anchor Point\n \n to deliver the National Hazard and Risk Model (No-HARM) wildfire model for\n \n the United States\n \n . No-HARM model is the most sophisticated and accurate wildfire model available. \"We are very excited to be launching Version 4 o...