Airbus has collaborated with Ambiental Risk Analytics, a company of Royal HaskoningDHV, to offer Ambiental flood data through its Geospatial Financial Hub, a suite of geospatial services providing; data, portfolio assessment, climate change reporting and process improvement to the financial services and insurance industries.

With the warming climate, more frequent and intense rainfall events expected in the future and understanding the risk of flood to property is extremely important. The more we understand the effect on flooding to property, the more insight can be given to organisations make better business decisions to reduce the impact of flood now and in the future.

Ambiental has been helping its clients better understand and reduce risks from flooding and other natural hazards for almost two decades. The company’s flagship product UK FloodScore™ enables quicker and better decision-making around flood risk. The product provides an overall flood risk score for every property and the results for each property include a range of return periods, as well as the likely depth of the floodwaters for each of these. Royal HaskoningDHV has considerably enhanced the global presence and footprint of the Ambiental products and services. Development and scaling of these solutions means they now have high-resolution flood data for most of Western Europe in addition to the United Kingdom, Ireland, Australia, New Zealand and many more countries to follow.

Image of Newark on Trent, Nottinghamshire, showing flood extents from Ambiental’s UKFloodMap4 © HaskoningDHV (UK) Limited

Flood risk analysis

Airbus’ Geospatial Financial Hub provides insurance risk managers, underwriters, claims adjusters, and lenders , access to environmental perils data at address level. Residential address data appended with information for flood risk, subsidence risk, a count of non-repudiated subsidence claims in the area and customers’ own data, plus lots more. Airbus use the most up-to-date address information to ensure the regular addition of data on new builds. The Geospatial Financial Hub can provide an environmental peril assessment for a customers’ property portfolio with geographic concentrations of existing risk exposure, to help inform decisions.

”Our innovative Geospatial Financial Hub is fed with the most up-to-date and reliable data in order to provide the best environmental risk assessment to customers” says Vanessa Balmbra, Airbus Intelligence UK Sales Manager for Finance and Insurance. “This detailed analysis enables businesses to prepare and mitigate future risks. We are delighted to add Ambiental’s Flood data to our environmental perils data offering."

"This new data source means that we can work with businesses to provide the most suitable information to meet business requirements. We can also help organisations understand what the risk means, how that risk could affect their business and properties, and we can help them with their regulatory reporting through provision and understanding of the physical risk data. We are committed to empowering insurers and lenders with the right data to help them make informed decisions throughout their insurance and lending processes”.

During the past year, Ambiental has been rolling out its high-resolution flood maps for Western Europe and has many other countries available as part of a suite of climate risk exposure scoring products.

Rob Carling, Channel Sales Manager at Ambiental says, “We are delighted to welcome Airbus to our growing number of resellers and look forward to working with them and their customers. With temperatures reaching record-breaking levels across much of Europe this summer and the frequency of extreme weather events increasing, there is a growing need for high-resolution flood and other natural perils data across Europe. To help meet this demand, the Ambiental United Kingdom and Ireland flood maps and FloodScore data are now available through Airbus”.

At a time when extreme weather events such as the July 2021 floods across Europe, have generated an estimated £36 billion in damages and approximately 200 fatalities¹. With natural catastrophes having risen three places on the 2022 Allianz Risk Barometer², insurers are welcoming the opportunity to have this data at an early stage of risk assessment in order to avoid

 

¹ Reuters
² Allianz Risk Barometer 2022