Intermap Technologies secures three-year contract with Luxembourg-based insurer
What happened
Intermap Technologies announced a three-year subscription agreement with Colonnade Insurance S.A. for an integrated flood risk and property valuation solution. Colonnade is a non-life insurance company based in Luxembourg.
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Why it matters
The agreement advances Intermap’s strategy to scale recurring revenue by providing business intelligence solutions to the insurance sector. The solution allows Colonnade to assess flood exposure and market value using detailed property information.
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Who's involved
- Intermap TechnologiesGlobal leader in geospatial intelligence and software provider
- LuxembourgJurisdiction where the partner insurance company is based
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- LuxembourgSpeculative
The insurance sector in Luxembourg might see increased adoption of advanced geospatial risk assessment tools.
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The entities involved
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Luxembourg
country in Western Europe
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Intermap Technologies
American geospatial software company
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