KBC Slovakia and UNIQA Slovakia have signed multiyear subscriptions to Intermap Technologies’ Aquarius RMA software and the latest generation of flood risk solutions for Slovakia.
Intermap is a provider of geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models.
ČSOB Poisťovňa and ČSOB Banka, subsidiaries of KBC Slovakia’s, a major insurer in the Slovakia insurance and financial markets, have implemented Intermap’s newest flood risk solution for all of the country.
The Aquarius RMA software, Intermap explains, leverages state-of-the-art flood modelling technology. It includes precision flood risk maps, providing comprehensive insights into flood vulnerability to help insurers effectively underwrite flood insurance.
“Intermap’s latest flood maps allow us to work efficiently with our portfolios and more accurately assess the likelihood of river or flash flooding, which has become increasingly frequent, in a particular location,” said Peter Čahoj, Director of Underwriting and Product Management at ČSOB Poisťovňa.
Adding: “The software also helps clients to take measures that can mitigate flood damage or assist in making decisions about buying a property and setting up the right insurance policy.”
Like KBC Slovakia, UNIQA Slovakia has also entered a multiyear subscription to Intermap’s flood risk solution, which will allow the insurer “to map flood exposure more accurately and underwrite quality property insurance,” Martin Rotkovský, Member of Board, Corporate & Affinity at UNIQA Czech Republic and Slovakia, stated.
The company’s flood modelling data in Slovakia marks a significant generational shift and has brought to the Slovak insurance market the best available data today for nationwide flood modelling, according to Intermap.
As part of its mutual agreement with the Slovak Insurance Association, Intermap is in negotiations to finalise new subscriptions with additional insurers in Slovakia.
