Flooding continues to pose a significant risk for re/insurers writing in the UK – now and under a changing climate.
New JBA estimates suggest:
It’s vital that re/insurers start to understand this future risk, today.
Assessing potential future changes in risk and loss not only enables organisations to meet regulatory exercises, which require organisations to understand and own their view of risk better than ever before, but also to make effective business decisions now and in the future.
JBA has developed its newest UK Flood Model to meet these challenges – already the highest resolution model on the market and now the most flexible:
Re/insurers can now understand, manage and quantify UK flood risk like never before.
The latest version of the model builds on over 10 years of flood modelling experience. Its predecessor, released in 2018, was industry used and approved as the model of choice for three of the world's top reinsurance brokers and used by financial organisations across the UK to meet CBES requirements.
Using the baseline model alongside the climate scenarios, users can understand both their risk today and how losses and flood risk may change over time. This helps with:
Access the latest analysis and insights into UK flood risk today. Request your free copy of JBA's latest white paper.
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