US: Location based solutions provider, Intermap Technologies has signed an agreement with a leading Global Reinsurer to license its 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 utilised by underwriters to evaluate locations using innovative and reliable risk models and analytics.
InsitePro leverages Intermap's NEXTMap and NEXTMap World 30 elevation datasets, combined with powerful analytics, to produce a robust SaaS-based risk analysis tool. The software is the right fit of users who are looking to understand flood risk by combining flow routes from rivers to buildings and the latest flood models in a way that solves specific business problems. InsitePro is also capable of displaying a customer's own proprietary risk data or any available government data. Underwriting flood coverage is a location-based decision that depends on accurate integration of geospatial answers and flood risk information, stated Ivan Maddox, Intermap’s InsitePro Product Manager.