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Published on Feb 04, 2013
The Willis India Flood Model:
The Willis Indian Flood Model assesses the likelihood and magnitude of losses from fluvial and pluvial flood events by simulating flood events based on the spatial and temporal patterns present in the observational record.
The modelled rainfall and river flows are propagated through the 23 cities using the state-of-the-art modelling software, JFLOW+, developed by WRN partner JBA to derive flood depth and extent assessments.
The model calculates average annual loss and occurrence exceedences and can define technical rates and assess reinsurance and capital requirements.
The model accepts exposure data (the more detailed, the better) and calculates the probability and quantum of a flood loss to that portfolio.
For further information please contact Tim.Fewtrell@Willis.com