Company
Date Published
June 19, 2024
Author
Helen McKenzie
Word count
1315
Language
English
Hacker News points
None

Summary

Fathom's new Risk Scores are designed to provide a simple yet powerful tool for assessing flood risk to assets across portfolios, helping organizations make faster and more informed risk-management decisions. The scores can be accessed directly from CARTO's Data Observatory via subscription, eliminating the need for ETL processing. With Risk Scores, users can quickly understand flood risk for various time horizons and locations on the planet, which is crucial in a changing environment where climate change makes extreme rainfall and flooding events more frequent and intense. The scores are based on scientifically robust data from Fathom's Global Flood Map, providing a consistent method of understanding how flood risk varies from one location to another. Risk Scores can be used for portfolio screening, investment due diligence, pricing or valuing, underwriting, regulatory compliance, and long-term portfolio management. The scores provide a quick but detailed view of the risk both to a single asset and an entire portfolio, for any major flood peril, time horizon, and climate scenario.