Floods affect more people across the globe than any other natural disaster. Insured losses from last July's floods in Europe, for example, totalled $13bn. Given the increasing frequency and severity of floods worldwide, flood risk has become a key peril for insurers.
Join us to hear how catastrophe risk experts at major insurers are dealing with flood risk – and the role that satellite technology and analytics can play.
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Why flood risk is becoming a top issue for insurers; the growing threat flood presents
Limitations of the approaches currently used for managing flood risk e.g. reliance on cat models for assessing losses, data gaps
Technologies available to improve flood risk management
Closing the data gaps with satellite technology. What it means to have real-time analytics
Opportunities to develop new flood risk management products e.g. parametrics