Managing flood risks: Turning the tide

We rely on water for our survival, but it can also be one of humankind's most dangerous, destructive and unpredictable natural enemies. Water lets us live, breathe and work, but when it turns on us, the catastrophic damage it can do is not only costly to life but also costs businesses and governments billions each year in prevention and clean-up.

Central and Eastern Europe, as well as large parts of Asia, have suffered significant flood events in recent years, with notably destructive periods in 2002, 2005, 2006 and 2010.

It is clear more needs to be done to reduce the damage caused by flooding.

This article provides an overview of trends affecting flood events and outlines how risk managers can reduce exposures by using up to date risk scenarios, researching supply chains and employing structural engineers.