JENOA Adopts RMS Global Flood Maps to Provide a View of Flood Risk in the Middle East and Beyond

LONDON – 19 July, 2022 – Boutique digital broker JENOA Insurance & Risk Management (JENOA) has adopted Global Flood Maps from RMS^®, a Moody’s Analytics company and world-leading risk modeling and solutions company, to provide an analytical view of flood risk in the Middle East and beyond.

The recently launched RMS Global Flood Maps provide views of flood extent and coverage for every country in the world. The models have been developed using a machine learning approach that allows RMS to utilize its full probabilistic models in regions where the data typically required to accurately assess flood risk is either missing or sparse. The flood maps enable a better understanding of flood risk across high and low exceedance probabilities. The maps allow users to understand not only the locations that might be affected, but also the extent and severity of the flood risk.

Mahboob Khan, Chief Executive Officer, JENOA, said: “The region has been exposed to an increasing number of natural catastrophes and we are working with our clients to proactively identify, quantify and develop strategies to mitigate this exposure. We are therefore proud to be a leader in the region to offer the RMS technology to our current and prospective clients. JENOA’s unique offering allows us to offer traditional London Market solutions while leveraging the latest technological advances in the reinsurance market. The RMS Global Flood Maps help us offer clients comprehensive insight into their Middle East flood risks.”

Jason Futers, Managing Director, RMS, said: “Flood is increasingly a primary peril in many regions across the globe. The new RMS Global Flood Maps cover the entire world, allowing clients to fully assess flood risk, wherever the risk might be. RMS is committed to supporting our clients’ risk management needs, across all regions and geographies. The unique combination of science and technology that RMS can offer ensures we can consistently deliver the information necessary to support risk management decisions.”

About JENOA

At JENOA, we relentlessly strive to inspire our business clients to see controllable risk as an enabling asset from which to springboard growth in their entrepreneurial pursuits.

With a driving ambition to be recognised as a leader in the delivery of sustainable, commercial reinsurance and risk management solutions, we are an niche broker offering a comprehensive suite of reinsurance brokerage capabilities tailored to developing markets and new technologies.

As an appointed representative of the Lloyd’s of London broker, H.W. Wood Ltd., we navigate the world’s largest reinsurance market, and backed by Abdul Latif Jameel – one of the most respected diversified family businesses, with a 75+ year heritage and financial strength – our unique offering enables us to deliver traditional London market solutions, design innovative InsurTech and also risk based solutions extending your reach into further exciting markets in the Middle East, North Africa around the world.

To learn more, visit us at: jenoa.com, or follow us on social media LinkedIn, Facebook, YouTube and Instagram.

For media enquiries, please contact media@jenoa.com.

© JENOA Ltd., Regulated by the Financial Conduct Authority of England & Wales (FRN: 917726). All intellectual and other property rights fully reserved. Permission to use this site is granted strictly subject to the Terms of Use. The JENOA name and JENOA logotype and Abdul Latif Jameel name and the Abdul Latif Jameel logotype and pentagon-shaped graphics are trademarks, or registered trademarks of Abdul Latif Jameel IPR Co. Ltd. All other trademarks remain the intellectual property of their respective owners and are reproduced by kind permission.

The term ‘Abdul Latif Jameel’ refers broadly to several distinct, separate and independent legal entities. Abdul Latif Jameel is not itself a corporate entity, association or conglomerate run by an overarching parent company but merely refers to a group of distinct and wholly separate legal entities that are collectively referred to as Abdul Latif Jameel. Abdul Latif Jameel is not a corporate group as defined in section 1161(5) of the Companies Act 2006.

This website may contain forward-looking statements. Forward-looking statements are statements regarding matters other than historical fact, such as future results, events, activities, developments or circumstances or the beliefs, plans or expectations of JENOA Ltd., JENOA Risk Services Ltd. entities or their respective managements.

Forward-looking statements often can be identified by the use of words such as ‘expect’, ‘project’, ‘anticipate’, ‘plan’, ‘estimate’, ‘believe’, ‘predict’, ‘intend’, ‘potential’, ‘possible’, ‘probable’, ‘likely’, ‘forecast’, ‘guidance’, ‘outlook’, ‘goal’, ‘target’, ‘may’, ‘will’, ‘should’ or ‘could’ or other similar terms or phrases. However, the absence of such words does not mean that a particular statement is not forward looking.

Forward-looking statements are based on expectations and assumptions at the time of such statements and are subject to numerous risks and uncertainties, many of which are outside the control of JENOA Ltd. or JENOA Risk Services Ltd. entities. Should any of such expectations or assumptions prove incorrect, or should any of such risks or uncertainties materialize, actual future results, events, activities, developments or circumstances may differ materially from those expressed in or implied by forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and JENOA does not assume, and hereby disclaims, any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

All forward-looking statements made by, JENOA Ltd. or JENOA Risk Services Ltd. entities, or by any person on behalf of any of them, whether communicated in writing, electronically or orally, are qualified in their entirety by the foregoing cautionary statements.