Boasting a database of>10,000 unique damage functions, a key strength of the model lies within its vulnerability functions.
With the ability to differentiate between different building types (residential, commercial, industrial) and characteristics (number of stories and building age), the model accurately quantifies direct and indirect damages. This is key for those working within the insurance sector and also Governments and NGOs looking to leverage our data to reduce flood-related risk on a regional and national level.
By accessing Fathom-UK CAT through Nasdaq’s platform, users can view Fathom’s rich data in conjunction with other risk vendors understanding of additional perils, such as windstorms and earthquakes.
If you would like to find out more about the model, you can read an interview by Oliver Wing, where he discusses how the new model can support professionals to understand flood risk across the nation.