On the news, Deepak Badoni, President at EigenRisk, said:
“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.”
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.”