After the deluge: what lessons have insurers learned after the recent floods?

08-09-2021

After the deluge: what lessons have insurers learned after the recent floods?

Daniel Stander, special advisor, United Nations; Christian Badorff, senior analyst, Moody's

A Re/insurance Lounge panel discussed what has been learned from 2021’s serious flooding in Germany.

Beginning on July 12, 2021, the North Rhine-Westphalia and Rhineland-Palatinate areas of Germany suffered horrific flooding that, over the course of a week, killed nearly 200 people and displaced thousands from their homes. The damage was so bad that the state premier Armin Laschet declared in the days afterwards that up to €30 billion ($35 billion) may be needed to help rebuild.

To talk about the disaster and the work done by the insurance industry in this area, the Re/Insurance Lounge, Intelligent Insurer’s on-demand platform for interviews and panel discussions with industry leaders, hosted a four-person panel discussion on the subject.

Taking part in the discussion were Daniel Stander, special adviser to the United Nations; Christian Badorff, senior analyst at Moody’s; Andrew Bart, president for loss adjusting international at Crawford; and Charles Blanchet, vice-president of solutions at ICEYE.


United, Moody's, Crawford, ICEYE, Floods, Catastrophe, Insurance, Reinsurance, Daniel Stander, Christian Badorff, Andrew Bart, Charles Blanchet, Germany

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