Aon Benfield teams with flood modelling firm

Aon Benfield recently announced a partnership with Ambiental, a flood risk assessment and modelling consultancy.

The global reinsurance broker and capital advisor of Aon notes the relationship with Ambiental will “enhance the firm’s flood model development capabilities.”

Specifically, Ambiental will be working with Aon Benfield’s catastrophe modelling and research arm, Impact Forecasting, to improve the mapping of flood extents using advanced hydrodynamic modelling capability.

“Developing model components that are compatible to high resolution elevation data is a complex task,” says Petr Puncochar, flood model developer at Impact Forecasting. “Our approach is enhanced by using Ambiental’s latest generation of hydrodynamic models for flood extent determination.”

The Ambiental approach describes the real physical behaviour of flood phenomena with improved accuracy, thus enhancing probabilistic catastrophe models and construction of historical event footprints, the company reports.