TORONTO–(BUSINESS WIRE)–JLT Re, the global provider of reinsurance broking and consultancy, has combined forces with leading flood modeling company, KatRisk, to bring innovative flood risk modeling capabilities to clients across Canada and beyond.
David Flandro, Global Head of Analytics, JLT Re, said “We continue to enhance our suite of analytical tools and services to bring the best insights to our clients. As weather-related risk continues to be a growing concern in many regions, it is important that we remain at the forefront of this issue. ”
KatRisk’s suite of flood risk modeling tools includes both flood inundation maps at multiple return periods and software to generate location level probabilistic flood losses. The KatRisk model considers both pluvial and fluvial flooding using fully 2D hydraulic simulations with no lower limit to catchment size. This unique offering brings significant value to the services we can provide to our clients.
“By adding KatRisk to our portfolio, we are able to analyze customized flood data and translate it into unique and valuable information for our clients,” Flandro remarked.
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About JLT Re
JLT Re’s trusted team of 700 colleagues worldwide combines market leading expertise and proprietary analytical tools with the freedom to challenge conventions.
Deep specialist knowledge and extensive experience of both the reinsurance market and clients’ own industries and sectors enables JLT Re to ask smarter questions, innovate and deliver better results tailored to meet client needs.
JLT Re is part of the Jardine Lloyd Thompson Group plc.