Marsh & McLennan Cos. Inc. launched its Flood Risk Index on Thursday to assess exposure and vulnerability to more frequent and severe floods.
Flood Risk Index describes the potential impact of floods on populations and economic assets 188 countries.
Risk is analyzed from country to country; by type of hazard, such as river or coastal river; by exposure to flood risk, which means that the total number of people and assets are damaged; and of vulnerability to flood damage, the sensitivity of people and assets to each nation.
The index enables users to compare danger, exposure and vulnerability scores between two countries, or between one country and the global average. Users also have access to geographic data sets from research institutions and international organizations.
This index helps organizations gain a greater understanding of where their people, assets and supply chains are most vulnerable and takes steps to mitigate the worst potential effects of floods, according to Rob Bailey, Climate and Sustainability Director Marsh McLennan and co-author to the index.