Video Q&A: New dimensions in flood cat modelling

Olivia Sloan of flood risk specialists Fathom discusses the changing demands on catastrophe models, from climate risk to exposure insights, and their value to insurers.

 

Catastrophe models have been central to insurance practices since the late 1980s, helping insurers understand and manage risk. As the industry grapples with increasingly complex hazards, evolving regulatory expectations and the reality of climate change, the tools used to assess exposure and inform decision-making are being tested as never before.

In this Insurance Post Q&A, Phil Harding speaks with Olivia Sloan, catastrophe model product manager at Fathom, to explore how flood and climate risk modelling is evolving to meet these demands, and what it means for insurers today.

The conversation covers:

• 00:45  The impact of catastrophe models and the scope of their usage today
• 03:10  How sophistication has grown, and how innovations address past limitations
• 06:25  Why the insurance industry should care about climate-warming scenarios
• 09:00  The role of hazard, vulnerability and exposure in shaping risk assessments
• 12:15  What distinguishes Fathom as a flood risk modelling provider

Watch the full discussion to gain valuable insights into the future of catastrophe modelling and flood risk management.

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