JLT Re, the London-based reinsurance broker and consultancy, has combined forces with flood modeling company, KatRisk, to enhance its flood risk modeling capabilities for clients across Canada.
Berkeley, Calif.-based KatRisk’s suite of flood risk modeling tools includes both flood inundation maps at multiple return periods and software to generate location level probabilistic flood losses, JLT Re said in a statement.
The KatRisk model considers both pluvial and fluvial flooding using fully 2D hydraulic simulations with no lower limit to catchment size, the company added.
“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,” said David Flandro, global head of Analytics, JLT Re. “By adding KatRisk to our portfolio, we are able to analyze customized flood data and translate it into unique and valuable information for our clients.”
Source: JLT Re
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