Flood

Understanding Flood Impact

RMS flood models offer broad-scale, well-validated views of flood risk, helping insurers, reinsurers, governments, and financial institutions to gain necessary insights to adequately monitor, manage, and mitigate their flood risk and optimize risk transfer.

Comprehensive Metrics

Understand the unique characteristics of flood hazard and exposure management to fully comprehend and manage your flood risk.

Confident Risk Pricing

Get a detailed understanding of location-level risk to support more informed underwriting and risk selection.

Informed Risk Management

Quickly identify exposures to flood risk, highlight hot spots, and understand the expected impact by geography and line of business.

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.

Robust Vulnerability

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.

High-Definition Modeling

Simulate losses and sample uncertainty at coverage level and account for seasonality, event clustering, and antecedent conditions to accurately model policy terms.

RMS Global Flood Solutions

North America Flood

The RMS® U.S. Inland Flood HD Model offers a comprehensive and well-validated view of flood risk throughout the contiguous U.S., helping (re)insurers gain necessary insights into the range of commercial opportunities associated with the private flood market.

Europe Flood

The RMS Europe Inland Flood HD Models offer a comprehensive and customizable view of risk covering 15 European countries. Starting with precipitation, continuously simulated over a period of 50,000 years, the models explicitly account for spatial and temporal correlations across the whole Pan-European domain, which can be licensed as a bundle or for individual countries.

Asia-Pacific Flood

Economic losses from weather-related events in Asia-Pacific average around $54 billion each year (Aon), and recent events such as severe floods in Japan and the Kerala floods in India during 2018, show that flood risk is breaking new records. Modeling all sources of flood risk is essential, and RMS has recently launched its RMS Japan Typhoon and Flood HD Model to help the industry understand both typhoon and non-typhoon flooding losses.

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.

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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.

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Resources

U.S. Flood: Why Is Flood Insurance Take-Up So Low?

Surveys suggest that 91 percent of American homeowners purchase insurance, but when it comes to flood risk the story could not be more different. Flooding is not covered in standard homeowner or renter policies, and the take-up of flood-specific coverage for homeowners is estimated to be around 15 percent – even though flood is a prevalent, nationwide peril. In the last decade, 98 percent of U.S. counties have been affected by flooding. According to the National…