Complete View of Flood Risk
As the most widespread and frequent peril driving catastrophic property and casualty losses, having a complete view of flood risk is one of the most important challenges confronting (re)insurers today.
The Big Picture
Include all types of precipitation and sources of flooding to ensure a complete understanding of the flood risk.
A physics-based analytical flood damage model accounts for the impact of flood depth, flow velocity, and potential debris on a structure, precisely translating flood hazard to physical damage and financial costs.
Complete Flood Defenses
Incorporate the presence and level of protection of both permanent and temporary defenses beyond the limited publicly available information.
Simulate losses and sample uncertainty at coverage level and account for seasonality, event clustering, and antecedent conditions to accurately model policy terms.
An Award-Winning U.S. Inland Flood Model
The RMS U.S. Inland Flood HD Model was awarded the “Initiative of the Year” prize at the prestigious Trading Risk Awards held in London in 2019.
Award-Winning Europe Flood HD Models
RMS Europe Inland Flood HD Models won the “Best Catastrophe Risk Modeling Solution” award at the 2017 InsuranceERM Awards held in London.