JBA Flood Risk Teams Up With Reinsurance Solutions

Today JBA Flood Risk Management Limited announced its collaboration 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 Africa.

Nikki Pilgrim, Technical Director at JBA, explains: “The launch last year of our global flood modelling

capability, driven by JBA’s FLY Technology, was a breakthrough opportunity that has allowed JBA

and our clients to fill geographic gaps in traditional modelling. Our collaboration with RSIS is just the

latest example of how this modelling can be effectively applied in areas that may not have been

previously covered. Understanding the implications of flood risk is critical to facilitate risk management

and mitigation measures, and to ultimately build resilience within the industry and our communities.”

RSIS has offices in Mauritius, Ivory Coast, Kenya, South Africa, and London and is committed to

offering a comprehensive set of risk analytics to its insurance clients. The inclusion of flood risk in the

portfolio analysis is critical, especially for East African countries where flood risk is a key peril. In 2020

alone it is estimated that East African floods affected at least 700,000 people, causing more than 430

deaths predominantly in Kenya and Rwanda. The increased flood risk has also been noted in

Southern Africa where approximately R650 million worth of property damage was recorded in the

2019 Easter floods in Durban.

“Flood risk is a peril that is often overlooked in Africa but can be extremely costly when it is not taken

into account,” comments Thato Raboroko, RSIS Head of Analytics. “We are proud to partner with JBA

Risk Management, global leader in flood risk. Their outstanding analytics and insights complement

our comprehensive service offering, ensuring our clients are fully informed and have a more complete

understanding of the cover that they require. We believe in partnering with the right people, and this is

one such partnership.”

About alastair walker 7107 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.