In too deep : the need for greater flood risk management in Vietnam

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      <subfield code="a">In too deep</subfield>
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      <subfield code="a">In 2011, the insurance industry was left reeling as the flood waters around the banks of the Chao Phraya river basin, Thailand, finally ebbed away. The event resulted in 815 deaths, 3.6 million people affected, and cost the insurance industry over US$12 billion in claims. The event blindsided the industry and continues to linger long in the memory of most Asian (re)insurers. As catastrophe risk modellers who specialise in flood, JBA Risk Management surveyed the post-event damage in 1hailand. Like others in the industry, we rapidly noted the loss of accumulations of high value flooded industrial and manufacturing sites located close to flood prone river banks. As JBA Risk Management launches the first multi-peril Flood CATmodel for Vietnam, it is time to question whether the (re)insurance industry is fully prepared.</subfield>
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      <subfield code="g">07/11/2016 Número 11 - noviembre 2016 , p. 68-70</subfield>
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