A couple of weeks have passed since the flooding along the French Riviera on October 3rd and 4th, and re/insurers are inundated with claims and working to quantify their exposure and lend assistance to insureds.
Exceptional rainfall (up to 18cm in Cannes) was experienced in just a few hours along France's southeastern Mediterranean coast, resulting in considerable flash flooding. The French-Alpes Maritime region police said that 20 people are confirmed dead, the Association Francaise de l’Assurance expects more than 60,000 insurance claims, and Caisse Centrale de Reassurance (CCR) estimates insurance industry losses of up to €650M ($740M).
JBA Risk Management has issued a detailed (10 meter resolution) flood footprint for this region that captures the flood extent and associated depth and velocity information. According to JBA, “During surface water flood events, it is the combination of water depth and rapid water flow which causes the major threat to people and property.” JBA’s footprint is now available for analysis within SpatialKey.
Here, we see the various depths of water throughout the impacted regions, providing insight into which insureds could potentially have the most damage. Understanding where the water is and how deep it goes, helps you prioritize where to focus first.
As we further analyze, we gain a greater understanding of how major cities are specifically impacted, with visualized summaries simplifying the data for us.
Get in touch
We know it’s your top priority to mobilize your teams to help your insureds. In collaboration with JBA, we’re here to help you assess the impact of the French Riviera floods as quickly as possible, so you can focus on aiding your customers. Reach out today to learn more.