Aon has expanded its Climate Risk Monitor solution by collaborating with flood expert Fathom to enhance its flood risk capability. The partnership provides high-resolution data for flood risk assessment, allowing clients to analyze flash, river, and coastal flooding at a 10-square-meter resolution in select regions. The data helps clients understand the impact of climate-related perils, including rising sea levels, on individual assets, portfolios, and locations. Climate Risk Monitor also assesses the likelihood of other climate-related hazards, such as droughts and wildfires, under different climate change scenarios. The solution provides diagnostic reports and visualizations to help clients understand the insurability of flood perils and inform risk management decisions. The collaboration with Fathom builds on Aon’s recent certification of the Florida Flood v3.0 model and integration of flood risk data into its ELEMENTS 18 catastrophe modelling suite. The Climate Risk Monitor is designed to help clients assess and manage climate risk, support risk mitigation and transfer strategies, and demonstrate climate awareness to stakeholders.
Aon deepens its climate risk monitoring capabilities through a partnership with Fathom to further empower clients
