RICS Tech Partner discussion with GeoSmart

In this video discussion, Andrew Knight interviews Paul Ellis from GeoSmart about the impact of flood risk on commercial properties in the UK. They delve into the significance of flood risk in the context of climate change, its implications for insurance premiums and property valuation, and how asset managers are responding to these challenges. Paul explains the types of data available for assessing flood risk, including historical data and climate change projection models. He also discusses the role of flood risk in business continuity and sustainability planning. Throughout the conversation, they explore various technological topics related to flood risk assessment and mitigation. In this video, the following topics are covered:
• Use of historical data and climate change projection models for assessing flood risk.
• Application of big data and sophisticated models for flood risk analysis.
• Integration of flood risk data into property valuation processes.
• Implementation of flood risk assessment in business continuity and sustainability planning
More information regarding the Tech Partner Programme and our partner GeoSmart can be found at www.rics.org/techpartner