EigenRisk adds Fathom Flood and Climate Risk Capabilities to its Global Catastrophe Risk Management Platform
ANN ARBOR, MI, October 25, 2023 – EigenRisk® today announced a new agreement with Fathom, a global leader in water risk intelligence, that will make Fathom’s cutting-edge flood and climate risk capabilities available through the EigenPrism® catastrophe risk management platform.
With climate conditions contributing to rising sea levels, increased precipitation and unprecedented storm activity, insurers, MGAs, brokers and risk managers need robust approaches for evaluating and responding to flood exposures in all areas of the world. Our relationship with Fathom adds another leading resource on our platform for global flood risk management, giving users a wider choice of models to use independently or in combination to conduct accurate assessments of potential flood exposures and respond promptly when disasters are unfolding.
-Deepak Badoni, Co-Founder & President, EigenRisk.
Data added to the insurance tech firm’s platform will include Fathom’s hazard data and Risk Scores, which provide a metric for the level of flood risk for a given location.
Dr Andrew Smith, Chief Operating Officer at Fathom, said: “By adding our data to the EigenRisk platform, we’re able to help even more stakeholders harness the insights provided by our state-of-the-art flood risk intelligence, to protect their portfolios and communities around the globe through more informed decision making.”
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About Fathom
Founded in 2013, Fathom gives risk management professionals the most scientifically robust tools and intelligence for understanding the climate’s impact on water risk. By publishing cutting-edge peer-reviewed academic research and applying it to real-world challenges, Fathom powers better decision-making for re/insurance, civil engineering, corporate risk, financial markets, disaster response and government. Fathom’s dedicated team of scientists harness their passion for innovation and the environment to develop rigorous catastrophe models and comprehensive mapping and geospatial data that make a real-world difference to customers and communities worldwide. For more information visit www.fathom.global.
About EigenRisk Inc.
EigenRisk Inc., an independent insurance technology firm, helps re/insurers, MGAs, brokers and risk managers across the globe manage catastrophe risk, and drive higher growth, customer engagement and operational efficiency. The firm’s cloud-based platform provides one-stop access to powerful data management, geo-visualization, analytics, reporting, modeling, alerts and APIs. These capabilities are integrated with hazard data, event projections and simulations curated from more than 30 leading public and private sources to provide a more dynamic and complete perspective of risk. Visit www.eigenrisk.com.
