DENVER, April 1, 2026 (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 eight leading insurers, representing a majority of the Czech home insurance market, have adopted Intermap’s AI flood risk platform, including sixth generation river flood maps and second generation flash flood models, to support underwriting, property valuation and portfolio risk management across the country.
The multi-year commitment, developed in collaboration with the Czech Insurance Association and the Czech Hydrometeorological Institute, includes hydrological recalibrations after the severe floods of September 2024 and creates a uniform flood risk framework for the Czech insurance sector.
The 2024 floods underlined the wider structural gap in disaster protection across Europe and the growing problem of property underinsurance. According to Swiss Re sigma research, 25 to 40% of losses from natural disasters in Europe are insured, and properties in certain markets are insured for only 40% of their replacement value due to rapid price appreciation and outdated valuation methods. These structural gaps underscore the need for investment-grade geospatial information embedded directly into underwriting, valuation and exposure management workflows.
The Czech implementation positions Intermap as the market standard for flood risk assessment and valuation support at the property level, allowing insurers to more accurately quantify replacement costs, accumulation exposure and catastrophe risk.
Intermap’s 2026 flood models introduce material technical improvements, including revised return period classifications in affected basins, integration of bridge capacity and bottleneck effects in more than 130 municipalities, and digital 20-centimeter height simulations to model urban flash flooding with building-level precision.
Central to the implementation is Intermap’s Risk Assistant, an AI-enabled analytics platform that automates complex geospatial risk assessment at scale. The system goes beyond static address lookup and integrates proprietary 3D elevation data, precision vector datasets and multi-hazard layers to deliver objective, property-specific risk assessments in real time. The platform also contains meteorological and geophysical datasets, including hail, wind, lightning and seismic activity, to support multi-hazard underwriting and automated claim validation.
“The 2024 floods confirmed that high-quality, up-to-date data is essential for insurers,” said Jan Matoušek, executive director of the Czech Insurance Association. “This platform enables accurate asset-level evaluation and supports more informed underwriting and reinsurance decisions across the market.”
“Our adoption in the Czech insurance sector shows that advanced geospatial analytics is becoming a core underwriting infrastructure across Europe, not additional tools,” said Patrick A. Blott, Chairman and CEO of Intermap. “By combining our proprietary 3D fundamentals data with AI-enabled automation, we deliver investment-grade geospatial intelligence with guaranteed position, accuracy and timing, enabling a common operational view across the industry. In an environment where underinsurance remains a systemic European challenge, our platform supports more accurate real estate valuation, exposure transparency and risk-based pricing, while advancing our strategy to expand recurring analytics across European insurance markets.”
Read more about Intermap’s European solutions here.
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Certain information in this press release constitutes forward-looking statements, including statements regarding revenue growth, EBITDA margin expansion, future contracts and expected benefits from the Czech deployment. The words “anticipate,” “expect,” “project,” “estimate,” “predict,” “intend,” “will” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on current, reasonable assumptions, they are subject to known and unknown risks and uncertainties, including risks relating to available capital, revenue fluctuations, government contracts, economic conditions, customer retention, technology competition, cybersecurity, strategic partnerships and international operations, as well as the risks described in Intermap’s annual information form and other securities filings. Actual results may differ materially from those expressed or implied. The forward-looking statements contained herein are made as of the date of this press release and Intermap undertakes no obligation to update them except as required by applicable securities laws.
About Intermap technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions focused on creating and analyzing 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and proprietary sensors and processing technology, the company delivers diverse, complementary, multi-source data sets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytics capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. Leveraging the company’s proprietary archive of the world’s largest collection of multi-sensor global elevation data, the company’s collection and processing capabilities provide mission-speed 3D datasets and analytics from multiple sources, allowing governments and enterprises to build and integrate baseline geospatial data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster response, basic mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation.
For more information please visit http://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
