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Assessing surface water flood risk and management strategies under future climate change: an agent-based model approach

Flooding is the costliest natural disaster worldwide. In the UK flooding is listed as a major risk on the National Risk Register with surface water flooding the most likely cause of damage to properties. Climate change and increasing urbanisation are both projected to result in an increase in surface water flood events and their associated damages in the future. In this paper present an Agent Based Model (ABM), applied to a London case study of surface water flood risk, designed to assess the interplay between different adaptation options; how risk reduction could be achieved by homeowners and government; and the role of flood insurance and the recently launched flood insurance pool, Flood Re, in the context of climate change. The ABM is novel in its coverage of different combinations of flood risk management options, insurance, and Flood Re, and its ability to model changing behaviour, decision making, surface water flood events, and surface water flood risk in a dynamic manner.