Solutions from Swiss Re, Aon subsidiaries addressing flood hazard knowledge gap Armonk, NY (Aug.13, 2024) – Swiss Re and Aon are pleased to announce that flood risk intelligence firm Fathom and catastrophe model developer Impact Forecasting have been awarded a contract by Public Safety Canada to enhance its understanding of flood hazard across Canada.Flooding is the most common and costly natural hazard in Canada, causing billions in direct damage to dwellings, property and infrastructure, and affecting thousands of Canadians each year.

“Our flood risk intelligence is built upon world-leading peer-reviewed research, to help organizations make informed decisions with confidence,” said Gavin Lewis, Head of Engineering at Fathom.“We are incredibly proud to be providing this vital hazard data to the Government of Canada.” With the frequency and severity of these natural disasters expected to increase under climate change, Public Safety Canada initiated an open procurement process to license flood hazard information for all of Canada.Led by Fathom, the combined team will provide the Government of Canada with a flood hazard dataset that depicts flood extents and depths for a number of return periods, flood generating mechanisms, and climate change scenarios.

“Following on its leading role in establishing a robust flood insurance market and contributing to the review of the DFAA program, I’m delighted Swiss Re continues to play its part to put comprehensive flood risk information into the hands of the Government of Canada,” said Veronica Scotti, Chairperson of Public Sector Solutions at Swiss Re.“Aon is excited to have been able to help drive this initiative through the provision of our extensive high-resolution inland flood data and expertise in flood peril, and in so doing support the development of a national flood risk assessment in Canad,” said Adam Podlaha, Global Head of Impact Forecasting at Aon.As of December 2023, Fathom is a part of Swiss Re.

About Fathom Founded in 2013, Fathom gives risk management professionals the most scientifically robust tools and intelligence to understand the climate’s impact on water risk.By publishing cutting-edge peer-reviewed academic research and applying it to real-world challenges, Fathom powers better decision-making for (re)insurance, civil engineering, corporate risk, financial markets, disaster response and government.Fathom’s dedicated team of scientists harness their passion for innovation and the environment to develop rigorous catastrophe models and comprehensive mapping and geospatial data that make a real-world difference to customers and communities worldwide.

From December 2023, Fathom is a part of Swiss Re, one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient.For more information, please visit www.fathom.global.About Swiss Re The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient.

It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime.The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients.Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

For more information, please visit www.swissre.com.About Impact Forecasting Impact Forecasting is a catastrophe model development centre of excellence within Aon.It has 3 main goals: 1.

Catastrophe model development – Impact Forecasting has developed over 125+ catastrophe models in approx.80 countries.This includes both probabilistic and scenario models.

2.Catastrophe loss calculation platform development – Impact Forecasting models are integrated in IF’s own software ELEMENTS which is also also used to run 3rd party models or model components.Its unique features include integrated mapping of hazard, exposure and loss, unique visualization of uncertainty and complete transparency of all models components.

All model components are un-encrypted and therefore editable.3.Catastrophe reports include various reports ranging from catastrophe alerts, weekly, monthly and annual reports.

For more information, visit www.aon.com.About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world.Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.For more information, visit www.aon.com.

Tags: Aon, flood, Government of Canada, Impact Forecasting, InsurTech, Swiss Re