Intermap Technologies, a global leader in 3D geospatial data and intelligence solutions, announced a partnership with Deloitte Advisory and Dataligence to provide an innovative solution for calculating real estate prices for insurance.
In the new solution, Intermap’s Aquarius RMA service is integrated into Dataligence’s Price Map Calculator to provide the Czech market with precise real estate prices. Generali Česká pojišťovna, part of one of the world’s largest insurance groups, Generali, is a current subscriber to Intermap’s flood risk insurance software and the first subscriber to this new solution. The integration will increase real estate data transparency to meet increasing demand for real estate property valuation and data services. The Price Map Calculator processes the most extensive database of information to accelerate and simplify transactions, providing insurers with accurate property values when underwriting.
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“Intermap’s European insurance solutions leverage unmatched, proprietary datasets that can be integrated into workflows to provide the market with innovative solutions,” said Patrick A. Blott, Intermap’s Chairman and CEO. “Our unique capabilities and versatile datasets enable insurers to understand and underwrite peril risk and apply that information in other industries, such as real estate and financial services.”
“Accurate property price valuation is key to setting up and negotiating a quality insurance policy,” said Jana Flajšarová, Senior Manager of Non-Life Insurance at Generali Česká pojišťovna. “Currently, when market prices of real estate are often volatile, this tool provides clients with a clear and trustworthy guide for setting the correct value insured for home insurance. The largest insurance company on the Czech market subscribed to this innovative solution because of the simplicity it brings to the negotiation process for clients, as well as the robustness of the data used and the overall reliability of the tool. Our goal is to always provide our clients with highly professional service, and this solution takes us significantly forward in our efforts.”
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“We are always happy to find new utilizations for our first-class price and real estate datasets,” said Milan Rocek, founder and CEO of Dataligence. “The latest cooperation with Intermap and Generali embodies our vision of how having the proper data helps to digitize and facilitate processes in various industries. The implemented solution will speed up our partners’ workflow and, more importantly, benefit the end clients, who can rest assured that their property is always insured at the correct amount.”
In the first half of 2022, Intermap’s monthly recurring revenue for insurance solutions in Europe grew by 34%. The Company’s insurance revenue in the region continues to grow through building new customer relationships and expanding existing contracts.
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