Structuring flood insurance in the UK

In the winter of 2013-2014 the south of the UK (London, Oxford) experienced the heaviest rainfall since 1767. Evidence linking these kind of flood events to climate change has put pressure on the UK flood insurance system that is incapable of properly dealing with this kind of flood events. A proposed re-insurance system, FloodRe, is suggested...

An agent-based model of flood risk and insurance

Flood risk emerges from the dynamic interaction between natural hazards and human vulnerability. Methods for the quantification of flood risk are well established, but tend to deal with human and economic vulnerability as being static or changing with an exogenously defined trend. In this paper we present an Agent-Based Model (ABM) developed...