Fathom, a global leader in water risk intelligence, has released its new US Flood Map; a cutting-edge tool that provides “the most comprehensive climate-driven flood risk information for the United States.”
“As the private US flood insurance market grows, Fathom’s US Flood Map empowers (re)insurers, underwriters and risk professionals with invaluable resources to supplement their historic claims data; enhancing risk assessment and highlighting exposure,” the firm explained.
According to Fathom, stakeholders now have access to detailed and scientifically-validated flood risk information for the present day and in the future against climate numerous scenarios.
“Responding to the inconsistent and incomplete coverage of existing datasets, the US Flood Map leverages the latest observation, terrain and climate information to present a consistent view of flood risk for all major flood perils, climate scenarios and time horizons,” the firm noted.
Fathom added that thanks to its team of scientists, the US Flood Map offers the most advanced hazard and risk information for the country, at 10m resolution.
The water risk intelligence firm highlighted that the United States has experienced a significant increase in the severity, frequency and unpredictability of extreme weather events, due to factors such as climate change, natural variability, population growth and urban development.
It continued, “The impact of these catastrophes are immense and, if not mitigated sufficiently, will continue to drive financial loss and put human life at risk.
“Emerging technology now means that we have more information than ever before to effectively manage exposure to flood risk in the US, and prevent unorganized development in high-risk areas.”
Dr Christopher Sampson, Chief Technical Officer at Fathom, commented, “By leveraging advanced technology and state-of-the-art data, stakeholders can make informed decisions to manage and mitigate financial losses and protect human lives.
“Transparency is key to our ethos and we are proud to highlight data uncertainty, while also publishing our methodologies in peer-reviewed journals to expose our methods to scrutiny and support scientific advancement in flood risk intelligence.
“We remain committed to pushing the boundaries of water risk data, to ensure a safer and more resilient future for communities across the United States.”
