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JBA risk management
South Africa’s New National partners with JBA for global flood data
27th April 2023
Specialist insurer New National Assurance has signed an annual agreement with flood risk modeller, JBA Risk Management (JBA), for the use of its flood data for South Africa. The data, which incorporates climate change intelligence, will be used by the insurer to underwrite property-risk for both personal and commercial lines. Additionally, ... Read the full article
JBA Risk Management launches new global climate change tools
26th October 2022
JBA Risk Management has launched a set of global climate change tools enabling the (re)insurance market, risk managers, and lenders to understand future flood risk in any country in the world. The suite of tools consists of new customisable Climate Change Flood Models offering high-resolution and probabilistic flood loss modelling for ... Read the full article
Property flood resilience measures could reduce re/insurer losses: JBA
12th October 2022
A new study by flood risk modeller JBA Risk Management has revealed that adopting Property Flood Resilience (PFR) measures could have a major impact on projected flood losses in the UK, with a possible loss reduction of up to £453m a year. The review was carried out following the launch of ... Read the full article
Chedid Re appoints Uptal Dutt as Portfolio Manager – C&F lines
23rd August 2022
Facultative reinsurer Chedid Re has announced the appointment of Uptal Dutt as Portfolio Manager - Casualty & Financial lines, based in Dubai. Dutt brings over nine years of experience in the industry. Prior to joining Chedid Re he was a Financial & Casualty underwriter for ICICI Lombard in New Delhi, a ... Read the full article
Cost of severe UK flood events could surge by 2050 – JBA
29th July 2022
The cost of a once-in-200-year flood event could escalate by 42% to £5bn by the middle of the century under an intermediate emissions scenario, according to a new report from JBA Risk Management. The report also finds that, in a scenario in which no actions were taken to ... Read the full article
JBA & Chedid Re announce five-year partnership
22nd June 2022
Flood risk modeller, JBA Risk Management (JBA) has signed a five-year partnership with reinsurance broker, Chedid Re. The partnership will allow the broker to use JBA’s global flood model, which will enable Chedid Re to provide flood risk analytics and catastrophe modelling services to its clients across the Middle East, Africa, ... Read the full article
Aon updates Impact Forecasting Europe windstorm cat model
8th March 2022
Aon has updated the functionality of its Impact Forecasting Europe windstorm catastrophe model, following insights gained from outbreaks of severe weather in recent years as well as user feedback. Windstorms in Europe have caused $123 billion of insured losses and annual average losses of $3.0 billion since 1980, according to the ... Read the full article
JBA Risk Management releases new UK Flood Model
7th February 2022
JBA Risk Management has released its new UK Flood Model for insurers. As part of its launch, the firm said that it had done a new analysis that suggested that a quarter of UK properties were at risk of flooding. It estimated that the cost of this would be £527m to ... Read the full article
JBA & RSIS partner on flood modelling for African insurers
22nd September 2021
JBA Flood Risk Management Limited has collaborated with Reinsurance Solutions Intermediary Services (RSIS), an African-based reinsurance broker that will use the JBA global flood modelling capability to provide flood risk analytics and catastrophe modelling services for its insurance clients across the continent. RSIS has offices in Mauritius, Ivory Coast, Kenya, South ... Read the full article
UK property insurers need to map the long-term impact of climate change: JBA
9th April 2021
Analysts at flood science specialist, JBA Risk Management, have warned that UK property insurers need to start planning how they will map the long-term impacts of climate change on their books. The warning comes ahead of the confirmation this June of the Prudential Regulatory Authority’s (PRA) detailed reporting requirements on insurers’ ... Read the full article
JBA releases Climate Change Analytics data suite
6th October 2020
Flood risk modeller, JBA Risk Management (JBA) has announced the launch of its new Climate Change Analytics data suit. This new solutions has been developed to help banks, lenders, investors, and the wider global financial sector to understand the potential long-term impacts of climate change and to meet regulatory requirements. The launch ... Read the full article
JBA Risk Management develops probabilistic global flood model
16th September 2019
Flood risk modeller JBA Risk Management has announced the launch of a new probabilistic global flood model that will allow re/insurers to model river and surface water flood at 30 metres worldwide. The model, which JBA claims to be the first of its kind, will enable consistent comparisons of loss across ... Read the full article
JBA & insurtech Floodflash create parametric flood policy
27th June 2019
Global flood risk modeller JBA Risk Management has partnered with insurtech firm Floodflash to create a UK parametric flood insurance policy. The new product, which JBA and Floodflash claim is an industry first, will provide bespoke insurance for policyholders in frequently flooded areas who have traditionally struggled to obtain cover. It will ... Read the full article
JBA to deliver Sri Lanka Flood Model on Simplitium’s ModEx platform
20th February 2019
Simplitium, a provider of risk analysis services, has announced that the Sri Lanka Flood Model from global flood risk modeller JBA Risk Management is to be delivered on its multi-vendor ModEx platform. It’s hoped the move will broaden accessibility of the Sri Lanka model for both insurers and the wider Disaster ... Read the full article
JBA partners with Chaucer on new India Crop catastrophe model
14th November 2018
JBA Risk Management, the global flood risk modeller, has partnered with international specialty insurer Chaucer on the development of a new catastrophe model to help re/insurers price and assess their exposure within India’s Crop Insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY). The launch of the India Crop model is intended ... Read the full article
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