If a property has flooded before, or a site has been identified as being at high risk of flooding, a flood risk assessment can provide an insurer with a site-specific risk assessment which can be used to help reduce insurance premiums or secure cover. This could be for an individual home, a development or a business.
To compile a flood risk assessment report for insurers we gather and analyse data and all the available information about the site. This could include data from the Environment Agency (if required), or our own proprietary flood data generated using Flowroute-i™.
Designed specifically to simulate river, tidal and surface water floodplain dynamics in complex urban and rural areas, Flowroute-i is an exceptionally flexible and powerful model. It enables rapid and stable simulation of complex river, coastal and surface water flood flows, delivering accurate depth and velocity modelling. We would then be able to evaluate the likelihood and extent of flooding over a set period (eg the next 10, 50 or 100 years).
As we use our own high-resolution, high-accuracy flood risk modelling, we can produce flood risk assessment reports for insurers quickly and efficiently – usually within 20 days. We don’t need to wait for Environment Agency data – unless the insurance company or assessor has requested it specifically.
We can meet most reasonable deadlines – just tell us of any urgency when you get in touch and we’ll let you know if it’s possible. Each project is different, and in some instances, especially if EA data is required (which usually takes 20 working days), a longer timeframe may be necessary.
The final flood risk assessment report will typically contain:
Our data, modelling software and expertise are trusted by leading national and international insurers and agencies such as the World Bank, Inter American Bank and International Governments.