We are confident that the combination of Mapflow and DMTI creates a unique and highly valuable proposition for the Canadian insurance market." - Bill McCarthy, CEO, Mapflow
Markham, ON (PRWEB) October 21, 2011
DMTI Spatial (DMTI), Canada’s leading provider of Location Intelligence solutions, announced today that it has expanded its global presence by signing a strategic partnership with Mapflow, a global insurance solutions provider who builds Commercial Underwriting solutions. This partnership represents a significant step for Canadian insurers and their ability to mitigate risk associated with underwriting commercial insurance policies.
At the heart of the partnership is the union of Mapflow’s industry-leading underwriting platform, GEO, and DMTI’s property-based geocoding engine, Location Hub® 2.0. The combined solution provides underwriters with an integrated, on-demand method to visualize policies and risks, helping them gain critical insights and make better decisions about property risk.
“We are very pleased to establish a partnership with Mapflow,” said John Fisher, CEO, DMTI. “Mapflow are recognized experts at applying Location Intelligence to solve insurance business problems, making this partnership such a strong strategic fit. Canadian insurers now have access to the very best in property-centric risk assessment solutions to reduce exposure, increase addressable market and realize significant cost savings.”
“We are delighted to be working with DMTI,” said Bill McCarthy, CEO, Mapflow. “Working with DMTI fits well with our strategy of adding best of breed location intelligent components to our market-leading GEO platform. We are confident that the combination of Mapflow and DMTI creates a unique and highly valuable proposition for the Canadian insurance market.”
Mapflow helps insurance companies to use ‘location intelligence’ as part of their business processes – from sales and marketing, to underwriting, claims and reinsurance assessment. Mapflow solutions help in:
- Accumulations management
- Pricing risk accurately based on the location of the property (both commercial and household)
- Reducing future claims costs through improved point of quotation risk assessment
- Improving claims handling efficiencies
- Enabling more detailed segmentation of risk for reinsurance assessment
Mapflow is a private limited company, headquartered in Dublin, Ireland.
About DMTI™ Spatial Inc.
DMTI has been providing industry leading enterprise Location Intelligence solutions for more than
a decade to Global 2000 companies and government agencies. DMTI’s world-class Location Hub® platform uniquely identifies, validates and maintains a universe of location-based data. DMTI is the creator of market leading Mapping Solutions and maintains the gold standard for GIS location-based data in Canada.
For more information about Mapflow:
VP Global Sales & Marketing
Phone: +44 (0) 208 8914546
For more information about DMTI Spatial:
Toll Free: 1-877-477-3684 x2026