This is the second model that Fathom had launched with Nasdaq, following its US flood model.

Fathom’s Chief Research Officer Oliver Wing, commenting within an official company statement, said he’s keen to work with service providers such as Nasdaq as they make complex models accessible to the end-user and the wider ecosystem.

“Nasdaq is able to provide a holistic view of climate risk across multiple catastrophes,” Wing said.

“Flooding is only one component of risk, and although we offer a rich array of data, it is made stronger when it is viewed in conjunction with other risk modeller’s understanding of other perils, such as earthquakes, wildfire, or windstorm.”

The two companies’ partnership began when Fathom introduced its cat model for the US in 2019.

“Our most recent inclusion of Fathom-U.K. CAT signals an exciting development in the volume of data that Fathom is able to provide to clients within the Nasdaq platform.

“Looking forward, we are excited to continue incorporating models of further regions as they become available,” Wing concluded.

Source: Reinsurance News