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Intermap Expands Global Insurance Business with Three-Year Fairfax Financial Subscription

  • Intermap Technologies signed a three-year subscription agreement with Colonnade Insurance S.A. for an integrated flood risk & property valuation solution.
  • Colonnade is a Luxembourg-based non-life insurer owned by Fairfax Financial Holdings, with the initial deployment launching in the Czech Republic.
  • The solution allows Colonnade to assess flood exposure, market value, & replacement value within a single operational workflow using detailed property data.
  • Intermap plans to expand the offering to Slovakia & Hungary in 2027, aiming for broader Central & Eastern European adoption by 2028.
  • Patrick A. Blott, Intermap Chairman & CEO, stated the deal demonstrates the scalability of Intermap's recurring insurance analytics model.
  • Marián Bátovský, CEO of Colonnade Insurance in the Czech Republic, noted the tool supports consistent underwriting & provides a scalable foundation for business growth.
  • The agreement addresses the need for timely risk intelligence highlighted by recent natural catastrophes, including floods in Nepal, an earthquake in Colombia, & volcanic activity in Indonesia.
  • Munich Re estimates 2025 global natural disaster losses at approximately US$224 billion, with insurers covering US$108 billion.
  • Intermap's proprietary 3D data foundation spans over 300 million square kilometers across more than 150 countries to support location-specific risk intelligence.
  • Swiss Re Institute reports that global insured natural catastrophe losses have increased by 5% to 7% annually in real terms over the long term.
  • The news release includes forward-looking statements regarding planned expansions, revenue growth, & solution scalability subject to various risks & uncertainties.