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Asia: JBA Risk Management opens regional hub

Source: Asia Insurance Review | Nov 2016

Catastrophe modelling company JBA Risk Management has opened its company in Singapore, which serves as its Asia Pacific hub. The Singapore office will work closely with existing offices in Cambodia and Australia. 
 
   JBA Risk Management (Singapore) Managing Ddirector, Dr Iain Willis, said: “For JBA, it was an obvious step to open our new company office in Singapore. We’ve been supporting individuals and businesses alike for a long time from our UK headquarters but we didn’t feel that was enough, and perhaps more importantly, we’re well aware of the enormous need for improved flood risk management in the region. 
 
   “Population increase and urban infrastructure development throughout Asia Pacific have been dramatic in the last 50 years. With new developments encroaching further onto floodplains, increasing evidence of climate change on precipitation and sea level rise, and mega city land subsidence, lots of factors are playing a pivotal role in increasing flood risk potential.” 
 
Climate change impacts in the Mekong River Basin
In conjunction with the opening of the Asia Pacific hub, JBA Risk Management presented its study, “Climate Change Impacts in the Mekong River Basin”, which assesses the impact on the six countries which the Mekong River runs through. The Mekong River remains a key source of livelihood for approximately 37 million people living along its banks.
 
   The study states that as a result of increased carbon dioxide emissions in a future climate; extreme and severe flood events will be a more common occurrence, effectively putting an additional 2.2 million people at risks from floods. Vietnam could be the worst hit with a potential increase of up to 1.1 million people exposed to flood, according to the study.
 
   The catastrophe modelling company is calling for greater flood risk management from both public and private sectors.
 
   JBA Risk Management is part of the UK-headquartered JBA Group, one of the world’s largest specialist flood modelling companies with over 400 staff.
 
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