Catastrophe Risk Management surveyed the three proprietary modelling companies, AIR Worldwide, EQECAT and Risk Management Solutions (RMS) to discover what European inland flood models are available. By Lee Coppack
All three cat modelling firms offer European inland flood models. They have tended to concentrate on the United Kingdom since this is where the insurance market is most developed. Improvements in flood mapping and pressure for more insurance involvement in funding flood losses are encouraging the development of models for other territories. For example, RMS says it is looking to expand its model offering to more European countries - starting with eastern Europe.