Intermap’s Insurance Business Starts 2025 With Strong Growth
Intermap Technologies (ITMSF) reports strong growth in its insurance business for early 2025, with year-to-date awards exceeding $1.1 million from new client subscriptions and renewals. The company secured two major strategic partnerships:
1. A new multiyear subscription with a major bank-insurance group operating in five European countries, implementing Intermap's Aquarius RMA solution for natural hazards and climate change risk quantification.
2. A partnership with PREMIUM Insurance Company , adopting Intermap's next-generation Aquarius RMA natural hazard solution for the Czech Republic and Slovakia markets.
The company's NEXTMap solution incorporates AI and machine learning to create global digital elevation models at resolutions up to one meter, enabling precise risk assessments throughout the insurance policy lifecycle.
Intermap Technologies (ITMSF) riporta una forte crescita nel suo settore assicurativo per l'inizio del 2025, con premi da inizio anno che superano 1,1 milioni di dollari grazie a nuove sottoscrizioni di clienti e rinnovi. L'azienda ha ottenuto due importanti partnership strategiche:
1. Un nuovo abbonamento pluriennale con un grande gruppo bancario-assicurativo che opera in cinque paesi europei, implementando la soluzione Aquarius RMA di Intermap per la quantificazione dei rischi legati ai pericoli naturali e ai cambiamenti climatici.
2. Una partnership con la PREMIUM Insurance Company, che adotta la soluzione per i pericoli naturali di nuova generazione Aquarius RMA di Intermap per i mercati della Repubblica Ceca e della Slovacchia.
La soluzione NEXTMap dell'azienda incorpora intelligenza artificiale e apprendimento automatico per creare modelli digitali di elevazione globale con risoluzioni fino a un metro, consentendo valutazioni di rischio precise durante l'intero ciclo di vita della polizza assicurativa.
Intermap Technologies (ITMSF) informa sobre un fuerte crecimiento en su negocio de seguros para principios de 2025, con premios acumulados hasta la fecha que superan 1,1 millones de dólares provenientes de nuevas suscripciones de clientes y renovaciones. La compañía aseguró dos importantes asociaciones estratégicas:
1. Una nueva suscripción a largo plazo con un importante grupo de banca y seguros que opera en cinco países europeos, implementando la solución Aquarius RMA de Intermap para la cuantificación de riesgos de desastres naturales y cambio climático.
2. Una asociación con PREMIUM Insurance Company, adoptando la solución de próxima generación Aquarius RMA para desastres naturales en los mercados de la República Checa y Eslovaquia.
La solución NEXTMap de la empresa incorpora inteligencia artificial y aprendizaje automático para crear modelos digitales de elevación global con resoluciones de hasta un metro, lo que permite evaluaciones de riesgo precisas a lo largo del ciclo de vida de la póliza de seguros.
인터맵 테크놀로지스 (ITMSF)는 2025년 초 보험 사업에서 강력한 성장을 보고하며, 연초까지의 수익이 새로운 고객 가입 및 갱신으로 110만 달러를 초과했다고 전했습니다. 이 회사는 두 개의 주요 전략적 파트너십을 확보했습니다:
1. 다섯 개 유럽 국가에서 운영되는 주요 은행-보험 그룹과의 새로운 다년간 구독 계약으로, 자연 재해 및 기후 변화 위험 정량화를 위한 인터맵의 Aquarius RMA 솔루션을 구현합니다.
2. 체코 공화국과 슬로바키아 시장을 위한 인터맵의 차세대 Aquarius RMA 자연 재해 솔루션을 채택한 PREMIUM 보험 회사와의 파트너십입니다.
회사의 NEXTMap 솔루션은 인공지능과 머신러닝을 통합하여 최대 1미터 해상도로 전 세계 디지털 고도 모델을 생성하여 보험 정책 생애 주기 전반에 걸쳐 정확한 위험 평가를 가능하게 합니다.
Intermap Technologies (ITMSF) fait état d'une forte croissance dans son secteur d'assurance pour début 2025, avec des primes à ce jour dépassant 1,1 million de dollars provenant de nouvelles souscriptions et de renouvellements de clients. L'entreprise a sécurisé deux partenariats stratégiques majeurs :
1. Un nouvel abonnement pluriannuel avec un grand groupe bancaire-assurantiel opérant dans cinq pays européens, mettant en œuvre la solution Aquarius RMA d'Intermap pour la quantification des risques liés aux dangers naturels et au changement climatique.
2. Un partenariat avec PREMIUM Insurance Company, adoptant la solution de pointe Aquarius RMA pour les dangers naturels sur les marchés de la République tchèque et de la Slovaquie.
La solution NEXTMap de l'entreprise intègre l'intelligence artificielle et l'apprentissage automatique pour créer des modèles numériques d'élévation globale avec des résolutions allant jusqu'à un mètre, permettant des évaluations de risque précises tout au long du cycle de vie de la police d'assurance.
Intermap Technologies (ITMSF) berichtet von einem starken Wachstum im Versicherungsbereich für Anfang 2025, mit bis dato erworbenen Prämien von über 1,1 Millionen Dollar aus neuen Kundenabonnements und Verlängerungen. Das Unternehmen sicherte sich zwei bedeutende strategische Partnerschaften:
1. Ein neues mehrjähriges Abonnement mit einer großen Bank-Versicherungsgruppe, die in fünf europäischen Ländern tätig ist, und die die Aquarius RMA-Lösung von Intermap zur Quantifizierung von Naturgefahren und Klimarisiken implementiert.
2. Eine Partnerschaft mit der PREMIUM Versicherungsgesellschaft, die die nächste Generation der Aquarius RMA-Lösung für Naturgefahren von Intermap für die Märkte in Tschechien und der Slowakei übernimmt.
Die NEXTMap-Lösung des Unternehmens integriert KI und maschinelles Lernen, um globale digitale Höhenmodelle mit einer Auflösung von bis zu einem Meter zu erstellen, was präzise Risikobewertungen während des gesamten Lebenszyklus der Versicherungspolice ermöglicht.
- Record insurance revenue of $1.1 million in early 2025
- Secured new multiyear subscription with major European bank-insurance group
- Strategic partnership with PREMIUM Insurance Company
- Minimal customer churn reported in subscriber base
- None.
Year-to-date insurance awards surpass
Two new strategic partnerships with major insurance customers
DENVER, March 20, 2025 (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 its global insurance business is off to a strong start in 2025 with awards surpassing
Intermap is pleased to announce a new, large multiyear subscription with a major bank-insurance group operating in five European countries. Serving retail, private banking, SME and mid-cap clients, the group has adopted the latest generation of Intermap’s Aquarius RMA solution for natural hazards and climate change risk quantification. Using AI-powered modeling and continually updated 3D terrain data, the solution delivers precise risk assessments throughout the policy lifecycle—from underwriting to claims adjustment—empowering the group to deploy innovative, data-driven strategies for climate and sustainability challenges.
Intermap also recently secured a major partnership with PREMIUM Insurance Company Limited, which adopted Intermap’s next-generation Aquarius RMA natural hazard solution. This collaboration marks a significant step forward for flood risk management in Europe, ensuring that homeowners and businesses in these markets benefit from more informed and reliable insurance decisions.
“Providing property insurance in the Czech Republic and Slovakia without high-quality flood maps and robust risk assessment would be increasingly time and labor-intensive,” said Marek Benko, Member of the Board of Directors at PREMIUM Insurance. “By integrating Intermap’s advanced mapping solutions, we are enhancing our underwriting precision, building greater trust with our reinsurers, and ensuring our clients receive the most sustainable coverage possible.”
“We are seeing increased demand for our applications and solutions in our insurance vertical, driving record revenue early in the year,” said Patrick A. Blott, Intermap Chairman and CEO. “Our data products are one of a kind, making our subscriber base sticky with de-minimis churn.” Mr. Blott continued, “Insurance companies are increasingly leveraging 3D geospatial data to enhance risk assessment and evaluate property vulnerabilities such as flood or wildfire exposure with greater precision. Building upon our 3D foundation data, Intermap incorporates artificial intelligence and machine learning techniques into our NEXTMap solution to create globally available digital elevation models at resolutions as fine as a single meter, offering our insurance clients and other verticals the ability to make unparalleled, data-driven decisions. We look forward to updating the market as we build upon these new wins and execute against our current pipeline of insurance industry opportunities.”
Fourth Quarter and Full Year 2024 Results and Conference call
As a reminder, Intermap will report its fourth quarter and full year 2024 results on Thursday, March 27, 2025 at 5:00 pm ET. The Company’s CEO Patrick Blott, CFO Jennifer Bakken and COO Jack Schneider will host a live webinar to review the results, provide Company updates and answer investor questions following the presentation.
CONFERENCE CALL DETAILS
| Date | Thursday, March 27, 2025 |
| Time | 5:00 pm ET |
| Link | Register |
Learn more about Intermap’s global insurance solutions at intermap.com/insurance.
Intermap Reader Advisory
Certain information provided in this news release, including reference to revenue growth, constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
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 much revenue has ITMSF generated from insurance awards in early 2025?
What new partnerships did ITMSF secure in March 2025?
What is ITMSF's Aquarius RMA solution used for?
How does ITMSF's NEXTMap technology benefit insurance clients?
