Global Flood Cat
Quantify financial risk across all major flood perils. Understand drivers of risk accumulations. Customize to your own view.
Global Flood Cat helps risk managers put a price on flood risk.
This comprehensive model includes millions of potential flood events, allowing financial loss estimation for both aggregated portfolios and individual locations. Whether assessing residential, commercial or industrial assets, leverage a wide range of customization options, including user-specified vulnerability, to tailor risk assessments to your specific needs. Global Flood Cat allows users to quantify financial risk across a range of plausible future scenarios, providing a climate-driven perspective on both present and future risk.
Key features of Fathom’s global flood catastrophe model
Truly global, multi-peril
- First global catastrophe model to include all major flood perils: pluvial, fluvial and coastal
- Global scope at 30 meter resolution.
Uncertainty
- Comprehensive representation of damage uncertainty (with spatial correlation), including nil and total losses, granular Monte Carlo simulation and 10 million events.
Extensive validation
- Global Flood Cat is underpinned by some of the world’s most validated hazard and terrain datasets.
- Extensively validated by world-class partners in insurance, providing valuable feedback on the model’s functionality, performance and market fit.
Customizable toolkit
- Integrate custom risk views with options for user-specific vulnerability, event loss scaling, hazard scaling, and location-specific flood defenses.
Future risk
- Global Flood Cat incorporates Climate Dynamics, allowing users to represent financial losses for any plausible climate scenario.
Major asset types and coverages
- Accounts for residential, commercial and industrial asset types, covering buildings, contents and business interruption.
Who can benefit from Global Flood Cat?
Accessing accurate information about the financial risk at each location is crucial for managing a successful portfolio.
A global flood catastrophe model can support you in:
Improve your underwriting and pricing ability
Quantify and mitigate accumulation risk
Enhance your view of financial risks across global assets
Respond to regulation faster and more efficiently
Quantify the impact of climate change on your portfolio’s flood risk
Assess overall flood risk to produce portfolio diversification analysis
Assess evaluation portfolio performance for resilience, optimization and investment strategies
Learn more about use cases for Fathom’s Global Flood Cat outside of the insurance industry by watching our 20-minute product briefing on demand.
A framework for building Global Flood Cat
At its core, Global Flood Cat sits on a robust framework that draws on a wealth of detailed input data. Illustrated in the tiles below.
Event set
Spatial extent of events
- Characterized by size, location, and return period of flooding
per grid cell. - Millions of events representing 10,000 years of activity.
Hazard
Physical intensity for each location for each event
Exposure
Global asset value distributions
Vulnerability
Relating hazard to damage per asset type
Financial module
Calculating a range of loss metrics for different financial perspectives
- Characterized by size, location, and return period of flooding
per grid cell. - Millions of events representing 10,000 years of activity.
Validation of Fathom’s global flood catastrophe model
Global Flood Cat is supported by some of the world’s most advanced and validated datasets.
Significant inputs into the model include Fathom’s Global Terrain Data and Global Flood Map. Both have been subject to open-source peer review in world-leading journals – explore Fathom’s research below.
Alongside its underpinning data, Global Flood Cat’s model results have undergone extensive validation. This includes comprehensive beta testing by industry leaders in insurance, which provided valuable feedback on the model’s functionality, performance and market fit.
Related research
A 30 m global flood inundation model for any climate scenario
A 30 m global map of elevation with forests and buildings removed
A climate conditioned catastrophe risk model for UK flooding
The spatial dependence of flood hazard and risk in the USA
New insights into US flood vulnerability revealed from flood insurance big data
Toward Global Stochastic River Flood Modeling
Use of hydrological models in global stochastic flood modeling
What is catastrophe modeling?
For an introduction to catastrophe modeling, how models are built, their inputs and use cases – learn more in our blog.
How can I access Fathom’s flood catastrophe model?
Cat modeling platforms
Global Flood Cat will be available on Nasdaq’s Risk Modelling for Catastrophes platform and Moody’s Intelligent Risk Platform.
On premise
For clients with the capabilities to run Oasis-based catastrophe models in house.
Data as a service
Provision of catastrophe model results based on client-supplied geographical locations and asset details.
Request a demo of Global Flood Cat
Learn more about Fathom’s Global Flood Cat, bringing to the market the first truly global model that considers both inland and coastal perils, by booking a demo with our team of specialists today.