Swiss Re Global Flood Zones™: inspect, inform, insure

Flooding is a global hazard. And flood exposure is growing, especially in highly vulnerable areas along rivers and coastlines. Swiss Re Global Flood Zones™ provide detailed flood hazard information for any location worldwide.

The USD 12-billion-dollar loss during the 2011 Thailand flood was a shock to the insurance industry. It was also a painful reminder that flood losses can be as high as earthquake or hurricane losses.

The Thai flooding highlights the lack of consistent flood hazard information. Swiss Re Global Flood Zones™ fills this need. The enhancement will offer more accurate flood risk assessment on a global level.

“We tend to know the flood risks in our local environement, but we often lack detailed information on flood risks in other areas. Swiss Re has developed the Global Flood Zones to bridge this information gap on a global scale,“ says Jens Mehlhorn, Swiss Re Head Flood.

Enabling better business decisions

Swiss Re Global Flood Zones™ is a powerful tool for enabling flood solutions, providing selective underwriting and accurate pricing; flood exposure analysis of entire portfolios; and detection of flood hot spots worldwide. The tool is available through CatNet®, our natural hazard information system.

Launched in August 2000, CatNet® is a widely recognized information platform for our clients and business partners. Swiss Re Global Flood Zones™ further enhances the CatNet’s® risk assessment capabilities, enabling users to take better business decisions.

“CatNet® set the industry standard for enabling users to obtain a professional overview and assessment of natural hazard exposure. Swiss Re Global Flood Zones™ takes this even further by widening the scope, giving underwriters and risk managers the tools to more accurately assess flood risks on a global scale,” says Mehlhorn.

Learn more about Swiss Re Global Flood Zones™ in the video below and in a replay of our introductory webcast.

Published 23 April 2012

Swiss Re Property and Specialty

Swiss Re Property & Specialty's seasoned professionals provide clients with a broad range of premium products, unmatched offers and tailored solutions. Closeness to the markets and an unrivalled and thorough...

Read the whole story

Expanding flood insurability in...

Frequency and severity of flood-related natural disasters in Italy has increased over the last decade. While this should sound some alarm in a natural hazards-prone country like Italy, insurance penetration...

Read the whole story