Flooding is one of the most frequent and severe hazards affecting people and the built environment. Increasing rainfall intensity due to climate change, population growth and urbanization are expected to significantly increase flood risk in the coming decades, leading to greater economic losses and disruption to communities. This risk can be reduced or even prevented through the implementation of flood risk management (FRM) strategies.
This report was written by Alastair Norris (World Bank), and Stuart Fraser (Insurance Development Forum) with an indepth review provided by Michaela Mei Dolk (World Bank), under the overall guidance of Olivier Mahul (World Bank). The report builds on a series of consultations with experts in this field, representing Fathom Global, JBA Risk Management, TomorrowNow, Cloud to Street, Guy Carpenter, Munich Re, RenaissanceRe, Risk Management Solutions, Descartes, Verisk, Start Network, and Risk Engineering and Development (RED). The authors thank the many reviewers from the World Bank and members of the Insurance Development Forum for their comments which have helped improve the report.
