Case Study: Canopius achieves better flood risk exposure management with Fathom

Supporting Lloyd’s of London insurance syndicate, Canopius, to quantify their exposure to flood risk in the US

Canopius, a global specialist reinsurer, needed to quantify its US flood exposure to better manage its portfolio and inform pricing. They found the publicly available FEMA flood maps to be incomplete and sought a more comprehensive view of the risk to potentially gain a competitive advantage. To address this, Canopius turned to Fathom for its expertise and data solutions.

Using its Fathom-US flood model, Fathom provided a spatially continuous view of both riverine and flash-flood perils across the United States. This world-leading dataset, validated in scientific journals, allowed Canopius to underwrite new assets and manage its current portfolio with greater confidence. As a result, Canopius gained a significant competitive edge by utilizing this superior flood risk intelligence.

Canopius

Marek Shafer

Head of Catastrophe Management