The rising cost of global flood risk: managing climate change impacts in practice

Thursday 30 June, 9:00am, Old Library, Lloyd's of London

 

Flooding poses a significant global risk. Affecting almost every country in the world, millions of people and properties are exposed to flood every year.

JBA’s global flood modelling capability enables probabilistic flood risk analysis at any location worldwide. The JBA team have modelled flood on the behalf of clients in 46 different countries in the past 12 months – and found that total annual damage to properties from flood is estimated at USD $25bn, approximately 2% of the total global economy every year.

This number will no doubt rise in future, with climate change bringing even greater challenges to flood risk and resilience. Flood events of increased intensity and frequency, alongside prolonged rainfall, are projected around the world, bringing increased exposure.

While the insurance industry and financial sectors are already coming to terms with a raft of ongoing regulatory requirements, at the same time, they are developing strategies and actions to support and protect both the business and its clients.

Understanding the data and applying the insights in a practical way is key to ensuring the most effective response to this global challenge.

Join JBA and guest speakers from across industry and academia in person to hear:

  • The latest in climate change flood science and research
  • Methods to represent and quantify climate change on a global scale, including the challenges and successes of JBA’s own approach
  • Practical, real-life examples in managing future flood risk, drawing on experience from Willis Towers Watson
  • The tools available and how you might use them
  • Q&A with industry and academic experts

Meet the speakers

Dr Jane Toothill, Managing Director, JBA Risk Management

Jane is the Managing Director of JBA Risk Management, market-leading global specialists in flood mapping, modelling and analysis.  She has 23 years’ experience in modelling and managing natural hazard and catastrophe risk and now leads the UK operations at JBA.

Dr Emma Raven, Climate Change Technical Lead, JBA Risk Management

Emma drives the development of JBA’s global climate change flood models and analytics data. With over sixteen years’ experience in global flood modelling, hydrology, statistical analysis, and climate change research, she applies her academic background to help JBA’s clients quantify and manage climate change impacts. 

Matt Foote, Senior Director of Science and Analytics, Willis Towers Watson’s Climate and Resilience Hub

In his role as Senior Director at Willis Towers Watson's Climate and Resilience Hub Matt leads the analytics and science activities in support of clients across finance, public and corporate sectors and he acts as a technical advisor to the Coalition for Climate Resilient Investment Management Team. He is also a member of the Global Resilience Index Task Force, and the UK Principal Representative of the Intergovernmental Panel on Earth Observations (GEO) Programme Board.

Judith Ellison BSc MSc PG Cert, Climate Change Commercial Lead, JBA Risk Management

Judith joined JBA in 2020, bringing with her more than 20 years of experience in natural catastrophe risk modelling and analysis. Judith works with clients to understand their needs and develop innovative solutions to flood risk in a changing climate.

This is a not-to-be missed opportunity for insurance and finance leaders to explore climate change flood risk management in practice at an in-person event.

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Read more about JBA's climate change work

JBA Climate Change Lead, Dr Emma Raven, reflected on JBA's work in climate change so far, as well as what the future holds, in an interview marking 10 years of The Flood People. Emma explores the technology required to meet the challenge of assessing climate risk, the role of the insurance and financial sectors going forward, and more.