NU Online News Service, June 15, 12:10 p.m. EDT
Guy Carpenter & Company LLC has released a probabilistic flood model for mainland France that contains new flood maps.
Global reinsurer Guy Carpenter said the model is tailored for reinsurance and risk-management purposes.
"Model outputs include exceedance probability curves and detailed event-by-event loss tables," Guy Carpenter said. "The model allows for the application of insurance terms from coverage to policy and deals with the impact of elaborate limit and deductible combinations."
Nick Frankland, CEO, European Operations, Guy Carpenter, said "Leveraging the latest and best technology, this state-of-the-art solution provides the industry with a valuable and robust set of tools for flood risk assessment across the entire French mainland and will support our efforts to structure and place effective multiline aggregate covers for our clients."
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