Mark Fermor, Non-Executive Director: GeoSmart: Groundwater - the hidden predictor of future flood loss (294)

InsTech - insurance & innovation with Matthew Grant

Mar 17 2024 • 16 mins

Groundwater flooding poses a great risk to properties in the UK but remains much less widely modelled than other types of flooding.

This week, Matthew Grant caught up with Mark Fermor at GeoSmart, a company specializing in flood data analytics in the UK. They discuss GeoSmart's role in providing detailed flood risk assessments, leveraging their advanced modelling tools that cover all sources of flooding and how they are helping other organisations access and understand open-source data.

Key talking points:

  • Discovering the hidden cause of flood risk
  • What problems are GeoSmart helping insurers to solve
  • Different ways to experience a flood
  • The issue of groundwater beyond the UK
  • Open-source data - how GeoSmart can help

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Continuing Professional Development

This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

  • Describe what groundwater is and why it is an important factor to model to understand flooding
  • Explain how open-source data can help the insurance industry understand risk better
  • Summarise what flood models are and how GeoSmart produces their models

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 294 page of the InsTech website or email to let us know you have listened to this podcast.

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