Since 2000, flood events have resulted in over US$1.2 trillion in economic losses and have accounted for the most billion-dollar events during that period. Despite the prevalence and cost of flood events, less than 17 percent of those losses have been insured.
Recent record-breaking flooding further highlights the increasing need for effective flood risk management. Before the next flooding event, do you have the data, tools, and analytics at your disposal to confidently understand all sources of flood risk and build a more profitable portfolio?
Read our interactive eBook, RMS Global Flood Solutions Suite, and learn more about:
- Benefits to adopting a high-performing global flood modeling solution
- Challenges flood risk brings to the market such as data availability, hazard gradient, spatial coverage, flood complexity, and climate change
- How our model framework can help you meet the challenges of building a profitable book of business
- Business outcomes you can expect from RMS such as improved underwriting, simplified regulatory reporting, better portfolio management and optimized treaty structures
With flood catastrophe models for 80% of the global GWP and 100% coverage from flood hazard maps, our clients can confidently write and expand their business for one of the most complex perils globally.
Director, Model Product Management - Flood