JLT Re partners with flood risk modeller to expand in Canada

Reinsurance broker JLT Re has partnered with risk modelling company KatRisk to offer flood modelling in Canada.

"We continue to enhance our suite of analytical tools and services to bring the best insights to our clients," said David Flandro, global head of analytics at JLT Re. "As weather-related risk continues to be a growing concern in many regions, it is important that we remain at the forefront of this issue."

"By adding KatRisk to our portfolio, we are able to analyse customised flood data and translate it into unique and valuable information for our clients," Flandro added.

The KatRisk suite includes both flood inundation maps at multiple return periods and software to generate location level probabilistic flood losses. The model considers both pluvial and fluvial flooding using fully 2D hydraulic simulations with no lower limit to catchment size.

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