New technology to provide more accurate flood risk pricing

flooding-in-uk

The new system is powered by cloud computing and uses a combination of high resolution maps, provided by Intermap, and flood modelling software from flood risk analysts Ambiental, which allows prediction of flood depths and extents to a greater degree of accuracy than was previously available.

It will also utilise Chubb’s in-house geospatial mapping and risk location aggregation tool, and will enable the insurer to examine flood risk at square meter level.

Government funding of flood defence

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