IBC Flood

IBC Flood

1. Reasons why Flood coverage has not been available

   • Adverse Selection
     • making it difficult to diversify, making it expensive when available
   • Flood map
   • Gov under investment
     • lack of investment in infrastructure
     • Poor Asset Management
     • Obsolete building codes
     • ineffective land use

2. Pre-conditions for strong Flood mgt

   • flood hazard maps
   • Investment in infrastructure
   • Awareness of flood risk
     • physical and financial consequences and tool to mitigate the risk
   • Incentive to mitigate flood risk