Global flood risk specialist Fathom provides critical insights to One Concern�s Resilience-as-a-Service offering in the face of escalating climate threats
MENLO PARK, Calif.–(BUSINESS WIRE)–One Concern, Inc., and global flood risk specialist Fathom today announced a partnership to develop a state-of-the-art flood model for Japan that accounts for future changes in pluvial, fluvial and sea level for RCP 4.5. The partnership between One Concern and Fathom demonstrates a new approach to modeling flood risk for low and high-frequency events, and will enable organizations to access a broad range of actionable data sets around flood risk scenarios to identify, model, and build resilience to increasingly frequent and severe climate threats.
Fathom will provide One Concern with flood hazard data, including flood data for present-day and future climate data scenarios, in order to build Resilience-as-a-Service solutions for Japan. One Concern offers climate modeling, including flood predictions, that enables decision-makers to understand the vulnerabilities facing communities and organizations.
Fathoms model uses data from the Global Hydrodynamics Lab, which is part of the U-Tokyo Global Hydrology Group in the Institute of Industrial Science at the University of Tokyo. This is part of a long-standing relationship that Fathom has with researchers from the University of Tokyo, including Dai Yamazaki, with whom they have co-authored numerous hydrological papers. The incorporation of Yamazakis Flow Direction Map within the model is a further example of this long-standing and collaborative partnership.
The modeling data, deployed within Fathom, covers the whole of Japan and offers flood hazard data for both inland and coastal perils. Building on Japans extensive network of river gauges, Fathom combines industry-leading, aggregated historic flood hazard data with advanced, in-house proprietary technologies. This includes the firms market-leading defense algorithm and datasets, which enable users to understand where flood defenses exist and their impact, while factoring in levels of urbanization to provide bespoke modeling. Given that Japan has some of the most heavily engineered and technologically-driven cities in the world, with a multitude of underlying networks of dependencies and infrastructure, these approaches are a crucial component to building communities resilient to flood risk.
We are proud to partner with Fathom to expand upon their flood modeling expertise as we look to enable organizations and communities across Japan to build resilience to escalating climate threats, especially flood risk, as the world experiences rising sea levels and more volatile weather conditions, said Nicole Hu, Co-Founder and Chief Technology Officer at One Concern?. As our flood modeling partner for Japan, Fathoms ability to provide the most comprehensive view of flood and other climate hazards enhances One Concerns ability to reduce uncertainty for decision-makers as they work towards understanding and preparing for their climate risk exposure.
Fathoms flood hazard data is a culmination of decades of peer-reviewed research, industry leadership and collaboration with universities. These academic partnerships have provided continuous validation to Fathoms unique flood modeling techniques. A recent paper published in Water Resource Research assessed the methodologies underpinning Fathoms data and found significant improvement across the models ability to simulate regular coastal area activity and high-frequency events, demonstrating enhanced functionality and sophistication within Fathoms modeling approach.
We launched our partnership to provide critical insights for One Concerns AI-enabled resilience solutions and disaster-risk mitigation technologies, and we see this collaboration as vital to enabling public and private sector decision-makers to understand and prepare for climate threats, said Stuart Whitfield, CEO of Fathom. With the unrivaled abilities of our flood methodologies to understand and manage flood risk, we are eager to support One Concerns mission to make disasters less disastrous.
About One Concern
One Concern is a Resilience-as-a-Service solution that brings disaster science together with machine learning for better decision making. With operations in the US and Japan, the company quantifies resilience from catastrophic perils, empowering leaders to measure, mitigate, and monetize risk so disasters arent so disastrous. One Concern is now part of the World Economic Forums Global Innovators community.
For more information: https://www.oneconcern.com/
About Fathom
Founded in 2013, Fathom is the only research-led global flood modelling business and applies the latest award-winning science to set a new benchmark in flood risk management and mitigation. Fathom uses cutting-edge technology and the most up-to-date data to deliver detailed flood prediction models for risk assessment, climate change analysis and resilience management to global partners. The company delivers flood risk intelligence across multiple sectors including (re)insurance, Architecture, Engineering & Construction, corporate risk management, conservation and disaster response.
To learn more, please visit http://www.fathom.global
Contacts
Izzy Santa
PR@OneConcern.com
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