A Review of Flood Loss Models as Basis for Harmonization and Benchmarking.

ABSTRACT: Risk-based approaches have been increasingly accepted and operationalized in flood risk management during recent decades. For instance, commercial flood risk models are used by the insurance industry to assess potential losses, establish the pricing of policies and determine reinsurance needs. Despite considerable progress in the development of loss estimation tools since the 1980s, loss estimates still reflect high uncertainties and disparities that often lead to questioning their quality. This requires an assessment of the validity and robustness of loss models as it affects prioritization and investment decision in flood risk management as well as regulatory requirements and business decisions in the insurance industry. Hence, more effort is needed to quantify uncertainties and undertak

SUBMITTER: Gerl T 

PROVIDER: S-EPMC4959727 | biostudies-literature | 2016

REPOSITORIES: biostudies-literature