Know your models: an underwriter’s guide to flood modelling | InsTech

About the event Floods are one of the hardest catastrophic perils to model. Not all flood models are built the same way. What do you need to know when using flood model results to select, price and manage flood risk?

The complexity of how floods occur, the dependency on a wide range of conditions and the difficulty in getting detailed data means that the methods used to build vary between models. These different approaches can significantly impact the results when considering geography, frequency and severity of floods.

Understanding how models are built, and the characteristics of the models used to generate results, both from your in-house modelling teams or third parties such as brokers, will help you make better underwriting decisions. You joined in this educational webinar, as Matthew Grant spoke to flood modellers from Fathom to explore the complexities of flood catastrophe models.

You discovered key model-building techniques, essential data inputs, and heard from both the developer's and end-user's perspectives. In this webinar we discussed: What are the critical components of flood modelling? What key considerations and uncertainties must be addressed when building a model, and how do they impact the results?

Why is it crucial for end-users to understand these impacts? How can customers choose the model that best suits their needs?

Panel included: Stefan Wunderlich, Chief Product Officer - Risk Data & Services, Swiss Re Corporate Solutions Caroline Fox, Senior Catastrophe Management Professional, Global Analytics and Advisory, Guy Carpenter Tom Philp, Chief Executive Officer, Maximum Information Dr Oliver Wing, Chief Scientific Officer, Fathom