Aug. 2, 2012 – 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.
About Aon Benfield
Aon Benfield, a division of Aon plc, is the world’s leading reinsurance intermediary and full-service capital advisor. We empower our clients to better understand, manage and transfer risk through innovative solutions and personalized access to all forms of global reinsurance capital across treaty, facultative and capital markets. As a trusted advocate, we deliver local reach to the world’s markets, an unparalleled investment in innovative analytics, including catastrophe management, actuarial and rating agency advisory. Through our professionals’ expertise and experience, we advise clients in making optimal capital choices that will empower results and improve operational effectiveness for their business. With more than 80 offices in 50 countries, our worldwide client base has access to the broadest portfolio of integrated capital solutions and services. To learn how Aon Benfield helps empower results, please visit aonbenfield.com.
Aon plc (NYSE: AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon’s global partnership and shirt sponsorship with Manchester United.
Ambiental is a leading Flood Risk Assessment, Surface Water Drainage and risk modelling consultancy. The company operates internationally and produces high detail flood risk data, flood hazard maps, perils risk data, flood modelling software and reports for insurance companies, the land and property sector, engineers, utilities and city council planning departments. Ambiental’s solutions help clients to save time, reduce risk and mitigate against flood and other environmental impacts. Visit www.ambiental.co.uk for more information.
Ambiental’s core product “Flowroute-iTM” is a highly efficient, innovative, fast and easy-to-understand solution for predicting the depth, duration and extent of flood risk to individual properties. To date, Ambiental has created and distributed river, storm-surge and surface water (pluvial) flood models for at-risk areas in the UK, USA, Latin America, Europe, Australasia and Asia. Ambiental’s services have also been employed by risk managers, business continuity managers and documentary film makers with features televised on BBC News, Newsnight and UK Channel 4 (Dispatches – Britain Under Water). Ambiental’s expert opinion is regularly sourced and published in leading trade journals.Tags: Aon, flood, predictive modeling