Residential assets, comprising buildings and household contents, are a major source of direct flood losses. Existing damage models are mostly deterministic and limited to particular countries or flood types. Here, we compile building-level losses from Germany, Italy and the Netherlands covering a wide range of fluvial and pluvial flood events. Utilizing a Bayesian network (BN) for continuous variables, we find that relative losses (i.e. loss relative to exposure) to building structure and its contents could be estimated with five variables: water depth, flow velocity, event return period, building usable floor space area and regional disposable income per capita. The model’s ability to predict flood losses is validated for the 11 flood events contained in the sample. Predictions for the German and Italian fluvial floods were better than for pluvial floods or the 1993 Meuse river flood. Further, a case study of a 2010 coastal flood in France is used to test the BN model’s performance for a type of flood not included in the survey dataset. Overall, the BN model achieved better results than any of 10 alternative damage models for reproducing average losses for the 2010 flood. An additional case study of a 2013 fluvial flood has also shown good performance of the model. The study shows that data from many flood events can be combined to derive most important factors driving flood losses across regions and time, and that resulting damage models could be applied in an open data framework.

Commercial assets comprise buildings, machinery and equipment, which are susceptible to floods. Existing damage models and exposure estimation methods for this sector have limited transferability between flood events and therefore limited potential for pan-European applications. In this study we introduce two methodologies aiming at improving commercial flood damage modelling: (1) disaggregation of economic statistics to obtain detailed building-level estimates of replacement costs of commercial assets; (2) a Bayesian Network (BN) damage model based primarily on post-disaster company surveys carried out in Germany. The BN model is probabilistic and provides probability distributions of estimated losses, and as such quantitative uncertainty information. The BN shows good accuracy of predictions of building losses, though overestimates machinery/equipment loss. To test its suitability for pan-European flood modelling, the BN was applied to three case studies, comprising a coastal flood in France (2010) and fluvial floods in Saxony (2013) and Italy (2014). Overall difference between modelled and reported average loss per company was only 2–19% depending on the case study. Additionally, the BN model achieved better results than six alternative damage models in those case studies (except for one model in the Italian case study). Further, our exposure estimates mostly resulted in better predictions of the damage models compared to previously published pan-European exposure data, which tend to overestimate exposure. All in all, the methods allow easy modelling of commercial flood losses in the whole of Europe, since they are applicable even if only publicly-available datasets are obtainable. The methods achieve a higher accuracy than alternative approaches, and inherently provide confidence intervals, which is particularly valuable for decision making under high uncertainty.