Fathom

Quantify financial risk with Fathom’s Global Flood Cat — the first truly global catastrophe model that considers both inland and coastal flood perils. The launch of this global flood catastrophe model marks a significant milestone in Fathom’s journey and achieves a vision that began nearly 11 years ago when our company was founded. We’re really excited about this evolution in our product stack, but why should Global Flood Cat matter to you? — Truly global, multi-peril. — Comprehensive damage uncertainty. More accurate quantifications of risk. — Disaggregation: More than just residential. — Fully customizable. Own your view of risk. Want to know more? Visit our product page to explore how Global Flood Cat can transform how you quantify and mitigate flood risk: https://hubs.ly/Q02RPRyC0 #FloodRisk #CatModeling #FinancialRisk #ClimateResilience #catastrophemodels

What is the future of flood risk data? This is the discussion Peter Slater was part of at NAFSMA (National Association of Flood and Stormwater Management Agencies)'s annual meeting earlier this week in Colorado. It was widely acknowledged that public agencies and private companies are making huge strides in flood risk data, but what do they need to think about when determining what data is needed and how to develop it in the US? Thank you to co-panellists David Bascom from FEMA, Ataul Hannan from Harris County Flood Control District and Conn H. Cole, CFM from Forerunner for collaborating and to Brooke Seymour from from Mile High Flood District for facilitating this lively discussion. Curious about what the key takeaways are from this panel? Get in touch: https://hubs.ly/Q02WCxcl0 Discover more about our US Flood Map: https://hubs.ly/Q02WCpVt0 #futurefloodrisk #innovation #floodmap #resilience #climaterisk

Academic research is an integral part of Fathom’s ethos. By opening our data and methodologies to academic scrutiny, we cement out commitment to our clients to provide market-leading models based on the latest science. We also hope that our research will fuel further studies, leading to future innovations and findings that push flood research forwards. The result of this approach? Research papers authored by Fathomers end up being referenced in other studies. Many other studies. Just look at how many academic citations our experts have collectively garnered!

In January I attended the "Navigating Climate Challenges in Insurance" event hosted by the Royal Meteorological Society (RMetS), during which we discussed some of the challenges faced by the insurance sector around understanding and modelling risk from different hazards under climate change, and how collaborations and knowledge exchange with academic institutions can be increased. The mutual benefits of increasing collaboration and information sharing between and within industry and academia is something Fathom is particularly passionate about, to help push both sectors forward. The discussions and findings from the workshop, along with some suggestions to help improve the usefulness of scientific research for insurance risk applications, have been summarised in a number of reports. If you're interested in these discussions, you can check the reports out here: https://lnkd.in/eXRNee_V 🌡 🌧 🌊 🌀 +💡 🤝 -> 🏙 -> 🌏 -> 💲 #ClimateChange #ClimateRisk #Insurance #RiskManagement

Looking forward to the Singapore International Reinsurance Conference between 4th-7th November. If you are attending the conference please do join Yen Chin, B.Eng, CCM and I on November 5th, where we will be exploring how Fathom and CatNet can improve your view of flood risk. As part of this presentation we will also be exploring Fathoms new Global Flood Cat. I will also be joined by Miranda Little, so please reach out if you are interested in meeting in person. #SIRC2024

What can we learn from Helene and Milton? With communities still reeling in the aftermath of the destructive killer hurricanes, we ask whether the public understanding of risk needs to change, what it means for the insurance industry  – and how we can be better prepared for the next extreme event. Read our latest blog which examines how integrating local flood data with broader hurricane impact models can enhance understanding and preparation for future flood events. https://lnkd.in/et2ygYUG #ClimateResilience  #ClimateAdaption #FloodRisk #HurricaneHelene #HurricaneMilton

What's the best way to fuel Fathom's monthly meeting? With a charity bake sale, of course! Yesterday, Fathomers descended on the office with a tower of Tupperware, all filled with delicious home-baked goodies ready to be sold in the name of our charity of the year Blood Cancer UK. Needless to say the table didn't look as bountiful by the end of the day! Interested in joining a flood modeling firm, where there's also the possibility of earning a (not quite) Hollywood handshake? Check out our careers site for a list of current job openings: https://lnkd.in/epRagjhT #vacancies #careers

Last week, our Chairman Professor Paul Bates CBE FRS popped to Milan to give a Highlight Lecture at the International Astronautical Congress about the significant role the space community has to play in helping us navigate a world of drought and flood extremes. From guiding rapid event response to aiding mitigation strategies, space science has a major role to play in future-proofing communities around the world from natural disasters. Learn more about Paul’s talk on the event website: https://lnkd.in/ePVMiVKr Or head to our website to learn about Paul’s involvement in an international space satellite mission, SWOT: https://lnkd.in/e_A_jZim #SWOT #satellite #Floodresilience #eventresponse #milan

If you missed our Global Flood Cat product briefing last week don’t worry, you haven’t lost out. You can catch up with our 20-minute overview of Fathom’s new flood catastrophe model on demand. Catastrophe Model Product Manager Olivia Sloan does an excellent job of distilling a complex topic into an easy to digest overview. We walk you through an introduction to catastrophe modeling, how Fathom’s Global Flood Cat was built and use cases for the catastrophe model in financial markets and engineering. Watch the briefing on demand on our site and book a demo if you want to learn more: https://hubs.ly/Q02VrPRx0 #floodmodeling #catmodel #catastrophemodeling

“This gives the industry a step change in its ability to manage flood risk.” —Our Chief Product Officer, Dr Matthew Jones, spoke with Reinsurance News on the launch of our new Global Flood Cat model earlier this month. Read the full article to learn how Fathom’s new model is transforming flood risk management for insurers and beyond: https://hubs.ly/Q02V35QT0