News Regional01 Apr 2019

Flood-prone Sri Lanka receives update to its first flood model

With major floods plaguing Sri Lanka every year since 2015 and all properties in the country being newly insured, there has been a growing need to model floods for (re)insurance purposes in the country. To tackle this gap, catastrophe modelling firm JBA Risk Management released its 2019 update to Sri Lanka's first multi-peril probabilistic flood model in February. First launched in 2015, the updated model was developed in collaboration with the Insurance Development Forum and it covers river as well as surface water flood risk.

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