An interactive map detailing flood risks across the globe has been made available to insurers and other businesses. Commercial property insurer FM Global said its map had been compiled from data contributed by more than 10 international scientific, academic and governmental organisations, and would be a tool for risk assessments. The map includes locations that had previously been difficult to obtain reliable data from. “The model recreates what actually happens when rain falls or snow melts by incorporating phenomena such as soil filtration, water runoff and evaporation,” FM Global said. Among natural disasters, flooding was the costliest peril last year, accounting for $62bn, according to reinsurer Aon Benfield.
An interactive map detailing flood risks across the globe has been made available to insurers and other businesses. Commercial property insurer FM Global said its map had been compiled from data contributed by 10 international scientific, academic and governmental organisations, and would be a tool for risk assessments. The map includes locations that had previously been difficult to obtain reliable data from. “The model recreates what actually happens when rain falls or snow melts by incorporating phenomena such as soil filtration, water runoff and evaporation,” FM Global said. Among natural disasters, flooding was the costliest peril last year, accounting for $62bn, according to reinsurer Aon Benfield.