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

As extreme weather events become more severe and frequent due to climate change, the risk to critical infrastructure assets increases. But how do you assess flood risk consistently across a nation’s infrastructure network, when the open source data for each country has different modeling methodologies and available datasets? This was the challenge faced by Network Rail who own, operate and develop the railway infrastructure of England, Scotland and Wales, when tasked to address the growing risk to assets and build more climate resilience into the network. In collaboration with Arup and Jacobs, discover how Fathom’s climate-conditioned data provided the consistent and detailed view of risk that was crucial to Network Rail’s climate adaptation strategy. 🔗 https://lnkd.in/eAASXytF #infrastructure #resilience #floodrisk

Flooding is not like filling a bath… A new commentary led by UC Irvine's Dr Brett Sanders and co-authored by our Chief Scientific Officer Dr Oliver Wing Wing and Chairman Professor Paul Bates CBE FRS (also of University of Bristol) examines the critical flaws in traditional “bathtub” modeling for flood risk assessment. Bathtub models simplify flooding by assuming water rises uniformly over land – like filling a bath – ignoring key dynamics such as drainage, flow paths, and the physics of water movement. While often cited, these models fail to accurately represent real-world flood risk, leading to distorted predictions and undermining effective adaptation strategies. At Fathom, we leverage dynamical models, backed by robust scientific testing, to deliver reliable flood risk intelligence that adheres to physical laws and provides decision-makers with dependable insights. Read more about why we believe its time to 'pull the plug' on bathtub modeling: https://lnkd.in/epad_Zf2 #ClimateRisk #FloodModeling #FathomResearch #bathtubmodels

Upcoming webinar - The climate challenge for boards: Solutions from the frontlines Date: January 29, 2025 Time: 10:00 - 11:00 ET | 15:00 - 16:00 GMT | 16:00 - 17:00 CET As the climate crisis grows in urgency, boards must now lead the way toward a sustainable future. Effective governance of climate risk is crucial for both financial resilience and global climate action. Recognizing this, Fathom’s latest research report highlights the challenges that boards face when tackling the climate crisis. Join our webinar on January 29, 2025 where our expert panelists will begin by outlining the report’s findings and actionable solutions for integrating climate risk into board operations. Topics include: - Climate risk: Acknowledged but not prioritized - Bridging the expertise gap - A fragmented approach to climate risk integration - The lack of reliable data - Inconsistent regulation Register to attend - https://hubs.ly/Q02-wcDH0 Download the report - https://hubs.ly/Q02-wByK0 #ClimateRisk #BoardGovernance #RiskManagement #FinancialInstitutions

In 1607, a storm surge along the Bristol Channel caused flooding so severe, it’s still considered one of the UK’s most deadly floods. Just how did this one event cause so much disaster and devastation?  Check out the documentary on ‘Britain’s Killer Wave of 1607’ to learn more, and hear from our Chairman Professor Paul Bates CBE FRS as he explains why climate change is causing the flood risk for the Bristol Channel to rise. https://lnkd.in/e5fsBsS3 #BristolChannel #Stormsurge #Killerwave #flooding #documentary

Interested in understanding how your board can adapt to climate risk in 2025? Our latest report, 'The climate challenge for boards: Perspectives from the financial sector', is available to download for free. The report includes extensive research into the growing challenges that boards face in managing climate risk, providing insights into environmental, regulatory, business, litigation and reputational risks. Climate change is a critical concern for organizations across the globe, board directors are tasked with not only protecting their companies but also leading the transition to a sustainable future. Report topics include: 🔷 Unique challenges boards face in overseeing climate risk 🔷 Varying approaches across industries 🔷 Who holds responsibility for climate risk management: CROs or Board Directors? 🔷 Climate risk assessment by jurisdiction You can download the full report here: https://hubs.ly/Q02ZZCQp0 #ClimateRisk #BoardGovernance #RiskManagement #capitalmarkets #ESGreporting

How are global flood catastrophe models built? What methods and data inputs have the greatest impact on model results? How can you find the most suitable catastrophe model for your business case? Last month we joined InsTech for a panel event aimed at helping underwriters navigate the complexities of flood catastrophe modeling. If you missed the live discussion, you can catch up with InsTech's latest podcast release. Hear from Fathom's Chief Science Officer, Dr Oliver Wing, and colleagues from Guy Carpenter, Swiss Re Corporate Solutions and Maximum Information.

38% of respondents say climate risk verification is becoming a higher priority for boards - this is a significant shift in how organizations are addressing the climate crisis. As climate risk continues to escalate, boards are under increasing pressure to ensure accurate reporting and effective management. Our latest report, The climate challenge for boards: Perspectives from the financial sector, explores this trend, highlighting the challenges, opportunities, and evolving best practices in climate risk governance. Based on insights from 92 major corporations, plus interviews with 42 senior leaders, this is a must-read for risk professionals within financial sectors to understand the complexities of climate risk. Download the full report to learn more - https://hubs.ly/Q02Zjqh20 #ClimateRisk #BoardGovernance #RiskManagement #FinancialInstitutions #financialmarkets #boards #climateresilience #climatedata #climatereporting

How can data empower farmers in Central America support Central American farmers facing intensifying climate risks? A new study by Chemonics International, using data from Fathom’s Global Flood Map and USAID’s ARCO program, explores climate risks in El Salvador and Honduras through a Climate Vulnerability Assessment (CVA). The assessment highlights challenges posed by climate change and offers data-driven strategies to build resilience among farmers. Key findings: 🔹 Flooding in Honduras’ Sula Valley: The CVA predicts significant flood risks to farmland, infrastructure, and the Port of Cortes—critical for 90% of Honduras’ trade—posing serious economic threats. Data from the study supports strategies like landscape-level flood management. Additional risks: 🔹 Droughts: El Salvador could face up to 10 months of drought-like conditions by mid-century. 🔹 Unpredictable rainy seasons: Increasing variability in rainy season timing disrupts planting schedules. 🔹 Hurricanes: Intensifying storms add to the region’s climate risks. 🔹 Heat stress: Rising temperatures threaten farm laborers' health during peak periods. These findings underscore the urgent need for resilience-focused solutions. Read more about the study and its proposed actions through the link below. https://lnkd.in/eNxxwTQm #centralamerica #honduras #elsalvador #climateresilience #flooding #floodrisk #climatevulnerability

Climate change and flood risk: Business threat or opportunity? This week, Fathom’s own Harry Vardigans and Professor Paul Bates CBE FRS visited the NCE in Birmingham to join partners and clients at #GIRO2024. Our team were armed with the findings of our report ‘Flood risk and the modern actuary’ - a detailed primer for actuaries looking to be more climate-driven in a non stationery world. As part of the event, Paul presented on this topic. He provided key insights into how actuaries play a critical role in the adoption and use of these emerging tools in the insurance sector, with the power to drive real change in their organizations. You can find out more about the report here: https://lnkd.in/eTeAHf5B