Every year, natural disasters affect thousands of people, damage and destroy property and cause significant direct and indirect economic losses. Climate change is expected to increase the number of extreme weather events each year and is therefore also increasing the losses related to such events. Flood disasters especially are a global threat and the potential economic losses and recovery costs related to them continue to climb. In 2013 alone, overall losses reached almost € 15 billion caused by summer flooding in Europe. In the US, flooding is the most common and costly natural disaster accounting for an average of US $ 50 billion in economic losses each year.
INUNDO addresses these challenges and provides tailored and standardized flood hazard risk information to the insurance sector and industries. We equip our customers with the accurate geospatial information they need to validate their flood risk models and therefore reduce their exposure to flood related losses. By doing so we allow them saving millions of Euros. We strive to provide helpful input and to support a range of business decisions and processes by improving risk modelling procedures.
The main objective of the INUNDO products is to support insurance related businesses in the design of their insurance schemes. Thanks to the INUNDO products, re-/insurance companies can mitigate their risks related to the probability of flooding disasters. INUNDO contributes towards reducing the cost of flood risk by improving the accuracy of risk modelling and providing a whole picture view of events. Consequently, it ensures overall efficiency, security and continuity of operations.
