In general, there is limited insurance coverage across the Netherlands. Our 2022 study for the Dutch Association of Insurers revealed that while personal lines are often insured – although not for primary defences – there is usually no commercial coverage.
After the Limburg flood – which involved damage to government property – the Dutch government passed the Reimbursement for Damages Due to Disasters Act. If declared applicable, partial compensation is available. However, the government has indicated that they will no longer apply the act to insurable flood events.
Instead, the government is looking to the insurance market to come up with a sustainable solution. As a result, it’s of growing importance that insurers understand which areas of the Netherlands might be at risk of possible future flood events.
Leveraging innovative software, Twinn Hazard Map (formerly under the Ambiental brand) provides accurate and detailed predictive data that outlines how potential floods will develop, and a wide range of other natural hazards are also available. Identifying at-risk properties and delivering country-wide flood risk information, it can give you flood scores down to individual property level, which helps insurers accurately price risk.
And our expertise doesn’t just encompass flooding. Twinn Climate Risk Analytics provides climate risk intelligence encompassing 19 hazards – including pluvial, fluvial and coastal flooding as well as drought, wildfires, earthquakes, wind and volcanoes.
Outlining long-term risk to insurers, banks and other businesses, we identify areas vulnerable to change – delivering climate risk intelligence as well as physical and transition risks. As a result, we help organisations anticipate disruption from natural hazards, even protecting operations and reducing supply chain issues.