Enable your decision making with tools that can be utilized across any region.
Our detailed hazard layers allow the identification of flood vulnerable areas enabling you to underwrite new assets and manage your current portfolio with confidence.
Fathom data provides an invaluable source of information that can be used to mitigate against, or respond to extreme events globally and importantly to gain an advantage over your competitors.
In 2014 US flood damages totalled $2.86 billion, 36% of the thirty-year average (1984 – 2013) of $7.95 billion.
United States Flood Loss Report – Water Year 2014
Lloyd’s of London insurance syndicate
Canopius is a global specialist
(re)insurer with a diverse portfolio of assets. With particular emphasis on the
United States, Canopius need to quantify their exposure to flooding in
order to inform pricing and facilitate exposure management.
In the United States,
the FEMA flood maps provide some information, but the data is incomplete and often
only includes larger rivers. A more comprehensive overview of risk, outside of
state funded hazard layers, can provide a competitive advantage over
More specifically, Canopius need to answer questions such as:
How do we gain a more comprehensive view of
flood risk in the United States?
Are we over exposed in a particular region?
Can we gain a competitive advantage?
Fathom have built Fathom-US, a continuous flood model of the US covering
both riverine and flash-flood perils.
The data have also been published and
validated in world leading journals, providing transparency and trust.
Fathom also work closely with their clients to ensure their data are
integrated and used correctly, as well as building bespoke tools when required.
have access to a world leading flood hazard dataset and tools.
This allows them
to underwrite new assets and manage their current portfolio with confidence,
and importantly to gain an advantage over competitors.
// Fathom is an innovative and dynamic organisation at the forefront of flood risk research. They offer a range of specialist modelling tools and use a clear and impressive methodology. //
Marek Shafer /
Head of Catastrophe Management
Western Digital reported $199 million in expenses related to the flooding of its manufacturing plant in Thailand in 2011.
United States Securities and Exchange Commission
subsidiary & Lloyd’s of London insurance syndicate
Sompo International is a leading global provider of property
and casualty insurance and reinsurance with operating subsidiaries servicing
clients worldwide through platforms in the US, the London Market, Bermuda and Lloyd’s.
Sompo International required detailed flood hazard information in order to support risk selection and portfolio management decisions for their international property, marine and energy portfolios.
How can they identify those risks that are exposed
to flood hazard and those risks that are not?
How can they measure and manage aggregations of
flood risk in a robust manner across all lines of business?
How can they achieve this in the most efficient
return to Sectors & Clients
Fathom-Global provided detailed, global hazard information for both fluvial and pluvial flood risk for a range of return periods.
The completeness and resolution of this information allowed Sompo International to deploy it in their underwriting workflow in a consistent fashion for all types of risk and across all locations.
Fathom-Global’s flood aggregation zones also allowed them to monitor accumulations and assess the impact of underwriting decisions on the global portfolio.
Flood risk is now a peril analysed by Sompo International using
detailed and credible risk intelligence. This has the potential to improve both
underwriting and portfolio management decisions and provides greater certainty
in the quantification of a critical catastrophe risk.
// Fathom-Global provided a first-rate product and service
based upon cutting-edge research and methodologies, which are both robust and
Their flood data sets are global, consistent and high calibre.
Most importantly, Fathom-Global are a responsive and collaborative firm who
consistently deliver superior quality information, insights and solutions. //