AIR Worldwide Corporation has announced the availability of the AIR Inland Flood Model for Great Britain. The new probabilistic model will help companies better manage on-and-off flood plain risk for properties in England, Wales, and Scotland. It covers residential and commercial lines of business including alternative living expenses and business interruption. The model incorporates original research by AIR that has been peer-reviewed by a team of leading flood risk experts in the U.K.
"After the record-breaking insured losses caused by the summer floods of 2007, the need for a fully probabilistic model never has been greater," says Dr. Milan Simic, managing director, AIR Worldwide Ltd. "The model for Great Britain breaks new ground in flood risk assessment. It captures the complexities inherent to the flood peril, including accounting for the multiple sources of flood water, land cover and existing soil conditions, man-made flood defenses, and the impact of flood waters of varying depth on property."
The model captures storm systems of varying size--from large-scale events affecting the entire country to highly localized thunderstorms. Using results from Numerical Weather Prediction (NWP) modeling, AIR has developed a rainfall generation module that produces a realistic simulation of rainfall patterns that account for storm duration and the geographic area of rainfall.
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