Fathom, Aon’s Impact Forecasting chosen to support Canadian government’s flood hazard initiative
Fathom, Aon’s Impact Forecasting chosen to support Canadian government’s flood hazard initiative | Insurance Business Canada
Catastrophe & Flood
Fathom, Aon’s Impact Forecasting chosen to support Canadian government’s flood hazard initiative
They will provide vital hazard data
Catastrophe & Flood
By
Grant Funtila
Fathom, a flood risk intelligence firm part of Swiss Re, and Aon’s Impact Forecasting, a catastrophe model developer, have been granted a contract by Public Safety Canada to enhance their understanding of flood hazards in the country.
Led by Fathom, the combined team will provide the Canadian government with a flood hazard dataset to illustrate flood extents and depths across various return periods, flood-generating mechanisms, and climate change scenarios.
The partnership comes after flash flooding in Toronto affected more than 167,000 people and caused significant damage and as Quebec grapples with the flooding from the remnants of tropical storm Debby.
Public Safety Canada initiated an open procurement process to license flood hazard information for the country in response to the growing frequency of natural disasters driven by climate change
Gavin Lewis, Head of Engineering at Fathom, commented: “Our flood risk intelligence is built upon world-leading peer-reviewed research, to help organizations make informed decisions with confidence. We are incredibly proud to be providing this vital hazard data to the Government of Canada.”
Adam Podlaha, Global Head of Aon’s Impact Forecasting, said: “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 Canada.”
Veronica Scotti, Chairperson of Public Sector Solutions at Swiss Re, added: “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.”
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