Reinsurance News
Fathom
New US Flood Map provides “much needed” change in ability to understand flood risk: Fathom
9th August 2023
"For those in the business of assessing, taking on and managing risk, the data available via the US Flood Map provides a much needed and significant step change in the ability to understand flood risk in the US," suggests Dr Matthew Jones, Chief Product Officer at Fathom, a global leader ... Read the full article
Fathom “revolutionizes” flood risk intelligence with new US Flood Map
1st August 2023
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 ... Read the full article
Rational re/insurance pricing key to mitigating flood risk, says Fathom’s Dr Sampson
4th May 2023
“If the re/insurance market prices flood risk rationally, it will increase pressure for wider rational behaviour, which in the long term will encourage decisions that properly account for the underlying risks,” suggests Dr Chris Sampson, co-founder and CTO of flood and climate risk intelligence provider Fathom. Sampson’s comments stem from an ... Read the full article
Haylock joins Fathom as Head of Catastrophe Modeling
27th February 2023
Flood and climate risk intelligence provider Fathom has announced that Malcolm Haylock will be joining the firm as Head of Catastrophe Modeling on March 1, 2023. Haylock will be based in Zurich, Switzerland, working closely with Fathom's global team, which is headquartered in Bristol, UK. Together, they will develop and deliver risk ... Read the full article
Fathom launches new global flood map
27th October 2022
Flood risk modeller Fathom has announced the launch of Fathom-Global 3.0, a new map providing insurers with full global coverage of all flood perils. The company states that Fathom-Global 3.0 enables users to quantify and mitigate flood risk, and understand changes in risk under future climate scenarios. It adds that unlike ... Read the full article
Fathom and Reask announce “strategic” partnership
23rd August 2022
Flood risk modeller Fathom has partnered with Reask, a climate risk analytics firm specialised in atmospheric hazard models, to create combined wind and flood risk models. This “strategic” partnership aims to provide insurers, banks and ESG-focused investors with an unparalleled view of risk data on the combined impact of flood and ... Read the full article
Financial costs of floods to rise more than 25% by 2050
3rd February 2022
New research suggests that the financial cost of flooding could increase by more than 25% by 2050. The University of Bristol study, published in Nature Climate Change, looked to forecast annual flood losses. It estimated that these would increase by 26.4% to $40.6bn in fewer than three decades. Using data from Fathom, ... Read the full article
Flood modeller Fathom secures Moody’s investment
9th September 2021
Flood risk modeller Fathom has announced a minority investment from Moody’s Corporation, the global risk assessment firm, in a deal described by the former as huge recognition for its work in the space. The deal will see Moody’s assume one seat on its board of directors. “National and regional economies, insurers and ... Read the full article
Fathom launches climate-conditioned flood cat model for the UK
2nd August 2021
UK-based flood risk modeller Fathom has launched its newly updated model designed to enable banks and re/insurers to quantify the current and future flood risk of their portfolios. The Bristol-based flood risk specialist first launched its Fathom-UK CAT model in January. This latest iteration brings the inclusion of coastal flooding with five ... Read the full article
Global Parametrics & Fathom partner on flood index
19th March 2021
Parametric and index-based disaster risk transfer firm Global Parametrics has partnered with UK-based flood risk modeller Fathom on a flood index that will enable new levels of parametric solutions. Global Parametrics has combined high resolution data provided by Fathom with streamflow data from the ECMWF GloFAS hydrological and monitoring system to ... Read the full article
Fathom launches UK flood model on Nasdaq’s risk modelling, cat service
1st March 2021
Fathom, a research-led flood risk modelling specialist has launched its UK flood model on Nasdaq’s Risk Modelling for Catastrophes service. This is the second model that Fathom had launched with Nasdaq, following its US flood model. Fathom’s Chief Research Officer Oliver Wing, commenting within an official company statement, said he’s keen to ... Read the full article
Fathom announces innovative new US flood model
24th June 2020
UK-based flood risk modeller Fathom claims to have developed a new flood model that is set to fundamentally change the understanding of the risk by providing an unparalleled view of flood hazard across mainland US. Fathom-USv2 is a national-scale model adapted to account for climate change rather than relying solely on ... Read the full article
Understanding today’s risk critical in closing the flood protection gap: Fathom’s Dr. Smith
12th February 2020
Increasingly open and transparent data is vital in order to drive a greater understanding of, and demand for, flood insurance around the world, and will ultimately help to narrow the flood protection gap, according to Dr. Andrew Smith, Chief Operations Officer (COO) of UK-based flood risk modeller, Fathom. Globally, flood exposures ... Read the full article
Fathom collab opens US flood model to public
15th January 2020
UK-based flood risk modeller Fathom has announced its participation in a US partnership that will open flood mapping and coastal risk data analysis to the public. Fathom joined US Non-Profit organisation First Street Foundation to produce a comprehensive flood and coastal risk analysis of the US. The data will be used to ... Read the full article
Fathom’s flood maps, datasets included in Coastal Risk’s US reports
12th November 2019
US-based flood and natural hazard risk assessment firm, Coastal Risk Consulting has entered into a new partnership with UK domiciled flood modeller, Fathom. Under the new partnership, Fathom's up-to-date and comprehensive US flood maps and datasets, for both rainfall and river flooding, are incorporated in Coastal Risk Consulting's risk reports for ... Read the full article
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