Risk and re-insurance consultantGuy Carpenter & Companyis to
release a newflood modelto assess insurance
exposure in London.
The model will provide potential flood extents for
sea surge
and river flooding with and without the effects of flood defence
breaching and Thames flood barrier failure.
Guy Carpenter said the model would provide the most detailed
approach to flood modelling by incorporating information from the
Environment
Agency's
National
Flood Defence Database and advanced modelling technology from
JBA Consulting.
"The high-precision datasets needed for flood modelling are
increasingly available, but typically, processing constraints have
hindered the ability to use the most detailed information," said
Jane Toothill, head of Guy Carpenter's European Model Development
Team.
Flood risk in the UK recently has become a matter of growing
concern for the insurance industry, amid ever-increasing
development in flood-plain areas and calls from the
Association of British
Insurers for the government to increase spending on flood
protection schemes.