Floods: how to use next-generation data to predict the next inundation


Floods: how to use next-generation data to predict the next inundation

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

The flooding in Europe this summer underscored the fact that disasters are rarely contained within one nation. But how can the data be collected to properly assess the risk? A Re/insurance Lounge panel discussed the issues.

There is a general understanding that problems around the globe can be solved only by global solutions. To get there requires shared knowledge, shared skills, and often a shared aim.

Recent floods in Europe have prompted a sharper focus in this area. While largely thought to have taken place in only one country, continued flooding affected towns and other settlements across much of Europe during the northern summer. As of July 20, eight days after the floods hit Germany, the publication Science estimated that alongside the then-death toll of 165, 31 other people had died in Belgium. Floods were also reported in France, Italy, and Luxembourg, among others, during the summer.

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.

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

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