Intermap's AI Flood Risk Platform Adopted Across Czech Insurance Market
MWN-AI** Summary
Intermap Technologies has announced a significant advancement in flood risk assessment with the adoption of its AI flood risk platform by eight leading insurers representing a majority of the Czech residential property insurance market. This multi-year deployment comes in response to the extensive flooding that occurred in September 2024, which highlighted critical vulnerabilities in property insurance across Europe.
Developed in collaboration with the Czech Insurance Association and the Czech Hydrometeorological Institute, the platform integrates advanced geospatial analytics into underwriting processes, property valuation, and portfolio risk management. Key innovations include sixth-generation river flood maps and second-generation flash flood models, enhanced by hydrological recalibrations following the 2024 floods. The platform is designed to address a pressing issue: the substantial protection gap, where 25-40% of natural catastrophe losses in Europe are reportedly insured.
Central to this initiative is Intermap’s Risk Assistant, an AI-driven analytics tool that automates complex evaluations of geospatial risks at scale. This system leverages data from over 130 municipalities, incorporating factors such as bridge capacity and urban elevation to deliver precise property-level assessments. Additionally, the platform includes various meteorological datasets to support multi-peril underwriting.
Intermap's move to establish a market standard for flood risk assessment is underscored by the statements of industry leaders like Jan Matoušek of the Czech Insurance Association, emphasizing the necessity for high-quality data in insurance risk management. Patrick A. Blott, Intermap's CEO, stated that the use of advanced geospatial intelligence is becoming integral to underwriting infrastructure throughout Europe, thereby paving the way for more accurate valuation and risk-based pricing as the market confronts issues of chronic underinsurance.
MWN-AI** Analysis
Intermap Technologies' recent adoption of its AI Flood Risk Platform by eight leading insurers in the Czech Republic marks a critical step forward in the insurance sector's ability to address flood risk effectively. As a financial analyst, it's essential to assess the implications of this development for both the company and potential investors.
Firstly, Intermap's strategic deployment of its advanced geospatial intelligence solutions aligns with the growing demand for accurate flood risk assessments. The integration of sixth-generation river flood maps and second-generation flash flood models offers insurers a robust framework for underwriting and portfolio risk management. This is particularly relevant in light of the severe flooding events experienced in 2024, which have highlighted significant underinsurance issues across Europe.
The market opportunity for Intermap is substantial, given that about 25–40% of natural catastrophe losses in Europe remain uninsured, as stated by Swiss Re. By positioning itself as the market standard for property-level flood risk assessment, Intermap will likely capture a larger share of the European insurance market, particularly as insurers seek to close the protection gap created by historical underinsurance.
Furthermore, the implementation of state-of-the-art features, such as 20-centimeter digital elevation models and AI-driven analytics, enhances the platform's value proposition. The ability to provide property-specific risk assessments in real-time should enable insurers to optimize their pricing strategies and improve overall risk management.
Investors should closely monitor Intermap’s ability to scale its solutions across Europe, leveraging the success in the Czech market as a potential model for further expansion. Additionally, while the company is optimistic about revenue growth and margin expansion, it's important to remain cautious of potential risks including market competition and the impacts of economic fluctuations.
In summary, Intermap represents a compelling investment opportunity amid a growing awareness of flood risk and the need for better insurance solutions, especially as climate-related challenges intensify.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
DENVER, April 01, 2026 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that eight leading insurers, representing a majority of the Czech residential property insurance market, have adopted Intermap’s AI flood risk platform, including its sixth-generation river flood maps and second-generation flash flood models, to support underwriting, property valuation and portfolio risk management nationwide.
The multi-year deployment, developed in coordination with the Czech Insurance Association and the Czech Hydrometeorological Institute, incorporates hydrological recalibrations following the severe flooding events of September 2024 and establishes a unified flood risk framework across the Czech insurance sector.
The 2024 floods underscored the broader structural catastrophe protection gap across Europe and the growing issue of property underinsurance. According to Swiss Re sigma research, 25–40% of natural catastrophe losses in Europe are insured, and in certain markets properties are insured for as little as 40% of their replacement value due to rapid price appreciation and outdated valuation methodologies. These structural gaps highlight the need for investment-grade geospatial intelligence embedded directly into underwriting, valuation and exposure management workflows.
The Czech deployment positions Intermap as the market standard for property-level flood risk assessment and valuation support, enabling insurers to more accurately quantify replacement cost, accumulation exposure and catastrophe risk.
Intermap’s 2026 flood models introduce material technical enhancements, including revised return-period classifications in impacted basins, integration of bridge capacity and bottleneck effects across more than 130 municipalities, and 20-centimeter digital elevation simulations to model urban flash flooding at building-level precision.
Central to the deployment is Intermap’s Risk Assistant, an AI-enabled analytics platform that automates complex geospatial risk evaluation at scale. Moving beyond static address lookups, the system integrates proprietary 3D elevation data, precision vector datasets and multi-peril hazard layers to deliver objective, property-specific risk assessments in real time. The platform also incorporates meteorological and geophysical datasets including hail, wind, lightning and seismic activity to support multi-peril underwriting and automated claims validation.
“The 2024 floods confirmed that high-quality, up-to-date data is essential for insurers,” said Jan Matoušek, Executive Director of the Czech Insurance Association. “This platform enables precise, object-level evaluation and supports more informed underwriting and reinsurance decisions across the market.”
“Our adoption across the Czech insurance sector demonstrates that advanced geospatial analytics are becoming core underwriting infrastructure across Europe, not supplemental tools,” said Patrick A. Blott, Chairman and CEO of Intermap. “By combining our proprietary 3D foundation data with AI-enabled automation, we deliver investment-grade geospatial intelligence with assured position, accuracy and timing — enabling a common operating picture across the industry. In an environment where underinsurance remains a systemic European challenge, our platform supports more accurate property valuation, exposure transparency and risk-based pricing while advancing our strategy to expand recurring analytics across Europe’s insurance markets.”
Learn more about Intermap’s European solutions here.
Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements, including statements relating to revenue growth, EBITDA margin expansion, future contracting and expected benefits of the Czech deployment. The words “anticipate,” “expect,” “project,” “estimate,” “forecast,” “intend,” “will” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes these statements are based on current, reasonable assumptions, they are subject to known and unknown risks and uncertainties, including risks relating to available capital, revenue fluctuations, government contracting, economic conditions, customer retention, technology competition, cybersecurity, strategic partnerships and international operations, as well as those described in Intermap’s Annual Information Form and other securities filings. Actual results may differ materially from those expressed or implied. The forward-looking statements contained herein are made as of the date of this release and Intermap undertakes no obligation to update them except as required by applicable securities laws.
About Intermap Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world’s largest collection of multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation.
For more information, please visit www.intermap.com or contact:
Jennifer Bakken
Executive Vice President and CFO
CFO@intermap.com
+1 (303) 708-0955
Sean Peasgood
Investor Relations
Sean@SophicCapital.com
+1 (647) 260-9266
FAQ**
How does Intermap Technologies Corp ITMSF plan to leverage the adoption of its AI flood risk platform by Czech insurers to enhance its market position across Europe?
What specific operational improvements can be anticipated from the integration of Intermap Technologies Corp ITMSF’s AI-enabled analytics platform in the insurance sector?
In light of the 2024 floods and their implications, how does Intermap Technologies Corp ITMSF address the insurance industry's challenges related to property underinsurance and valuation accuracy?
What strategic partnerships is Intermap Technologies Corp ITMSF exploring to further expand its geospatial intelligence solutions in the European insurance markets?
**MWN-AI FAQ is based on asking OpenAI questions about Intermap Technologies Corp. - Class A (OTC: ITMSF).
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