Deadly floods spotlight the urgent need for advanced nat cat and climate modelling
Last year, severe floods devastated Eastern Spain, particularly Valencia, resulting in hundreds of deaths and marking the most lethal flood event in a single European country in more than 50 years.
The disaster has renewed focus on the need for more effective climate risk management strategies. Torolf Hamm, senior director of physical climate risk at WTW, argued that traditional approaches to natural catastrophe (nat cat) and climate risk modelling are insufficient for addressing modern climate challenges.