Nasdaq Adds Global Flood Model

Risk management firm, JBA Risk Management has announced its global flood model will be launched on the Nasdaq Risk Modelling service.

The probabilistic global flood model was launched last year, and covers 99.98% of the world’s landmass excluding Greenland and Antarctica. JBA say it fills gaps left by currently available catastrophe models, offers an alternative to existing models and, for the first time, enables consistent comparison of loss across country and continental borders.

The firm estimates that over 60% of the global population are at risk to inland flood annually, and almost 50% of global flood losses, can be found in just eight countries in Asia – a region traditionally lacking in catastrophe model coverage.

“The release of the Global Flood Model on the Nasdaq Risk Modelling service enables re/insurers to manage flood risk more effectively by providing an accessible way to use JBA’s flood risk intelligence,” said the firm in a statement. “Via Nasdaq’s service, re/insurers can use the model to its full potential to make fully informed decisions about their risk management needs around the world, via a single interface.”

“JBA has always been committed to making leading science usable and the Nasdaq Risk Modelling service is key to this. Nasdaq Risk Modelling is best in class for making data accessible, workable and user-friendly, and we’re delighted to add the Global Flood Model to our existing suite of models available via the service,” said Jane Toothill, Director at JBA Risk Management.

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