Inland flooding causes significant economic and societal impacts annually. Of the eight natural disasters costing the insurance industry over $1 billion in…
Inland flooding causes significant economic and societal impacts annually. Of the eight natural disasters costing the insurance industry over $1 billion in 2024, six of these were categorized as flood events, with three of these occurring in Europe alone. Catastrophe modeling aims to quantify the risk of flood events to enable preparedness for the financial and insurance industries.