Flood specialist JBA Risk Management has launched an enhanced version of its Global Flood Model, which introduces a variety of key features, such as enhanced hazard maps, a wide range of future climate event sets, and improvements to both processing speed and exposure disaggregation.
As per the firm, these developments will enable reinsurers, insurers, brokers, risk managers and asset managers to obtain a clearer understanding of both present and evolving exposure to flood risk, and to undertake transparent, fully auditable stress testing with greater confidence.
JBA Risk Management’s new global flood model includes updated maps for 17 key countries (Hungary, Japan, China, Thailand, India, Vietnam, Poland, Slovakia, Colombia, Brazil, Peru, Chile, Canada, Mexico, Bermuda, South Korea, South Africa), incorporating newly available bare earth Digital Terrain Model data, as well as refreshed hydrology aligned with JBA’s latest global methodology, updated land use information, and improved classification of river and surface water flood types.
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