RMS introduces hazard data suite for flood risk in Europe

According to RMS, claims for floods tend to be costlier than for other perils, and even a limited number of flood claims over a small area could lead to greater losses than from a windstorm affecting a much larger region.

The data suite takes into consideration that flood risk can be altered by permanent and temporary man-made defences, and provides defended and undefended views of flood risk with 70 percent of the data based on proprietary RMS research.