The newly-launched products will help organisations quantify this changing risk in several complementary ways:
Flexible flood risk scoring and data
Designed for underwriting and pricing flood risks, Ambiental FloodScore™ provides flood risk scores and information at an individual property level.
Meanwhile, FloodMap™ provides the highest-granularity flood data in the market, allowing large area searches, risk visualisation and metadata investigations. It is most commonly used by corporate insurers, reinsurers, governments and utility companies.
Climate risk: data-driven 80-year predictions
Climate change means that flood losses in Europe are expected to increase fivefold by 2050, according to the European Environment Agency. Projections show that the frequency of floods in Spain is likely to rise due to increases in heavy rainfall creating additional localised flooding, with rising sea levels threatening coastal communities.
FloodScore Climate™ is a unique product allowing flood projections up to 80 years into the future, based on different climate change scenarios. It is already being used for stress testing and ESG compliance in the financial sector, as well as long term financing, asset management, property investment and insurance risk underwriting.