AXA Climate deepens Fathom tie-up as climate risks rise

The companies said the added modelling is meant to support portfolio level hazard analysis.

AXA Climate’s climate risk platform, Altitude, and Fathom said they are expanding their collaboration to further integrate Fathom’s probabilistic models into Altitude’s decision-support platform for investors and corporates.

The risk platform is using Fathom’s models to support investors and corporates in assessing exposure and informing capital allocation decisions in response to the rising cost of physical climate risks.

The integration includes data from FathomDEM+, Fathom’s latest terrain model, which uses machine learning to deliver near-LiDAR-quality elevation data globally, improving the accuracy of flood hazard assessment across portfolios and regions.

The platform uses physical indicators – such as water depth for various probabilities – to assess flood risk by asset type and provide accurate adaptation recommendations.