How businesses can benefit from technological improvements in flood forecasting:
The winter of 2013/14 was the wettest in UK history and, as this StrategicRisk article explains, we can expect more severe flooding in future:
Infrastructure hasn’t been significantly upgraded to mitigate risk of business interruption.
More joined-up thinking is required between the government, environmental organisations, planners and the insurance industry to create a workable, long-term strategy for dealing with the root causes of flood risk.
Companies need to make better use of technology such as flood mapping and modelling to better quantify their risk exposure to flood sources from rain, river and sea as well as groundwater flooding, sewage flooding and reservoir or canal breaching.