As flood risks grow worldwide, a well-designed insurance program engaging various stakeholders becomes a vital instrument in flood risk management. The main challenge concerns the applicability of standard approaches for calculating insurance premiums of rare catastrophic losses. This article focuses on the design of a flood-loss-sharing program involving private insurance based on location-specific exposures. The analysis is guided by a developed integrated catastrophe risk management (ICRM) model consisting of a GIS-based flood model and a stochastic optimization procedure with respect to location-specific risk exposures. To achieve the stability and robustness of the program towards floods with various recurrences, the ICRM uses stochastic optimization procedure, which relies on quantile-related risk functions of a systemic insolvency involving overpayments and underpayments of the stakeholders. Two alternative ways of calculating insurance premiums are compared: the robust derived with the ICRM and the traditional average annual loss approach. The applicability of the proposed model is illustrated in a case study of a Rotterdam area outside the main flood protection system in the Netherlands. Our numerical experiments demonstrate essential advantages of the robust premiums, namely, that they: (1) guarantee the program's solvency under all relevant flood scenarios rather than one average event; (2) establish a tradeoff between the security of the program and the welfare of locations; and (3) decrease the need for other risk transfer and risk reduction measures.@en

This paper focuses on the vulnerability and protection of critical urban infrastructure from flooding. It presents a pragmatic and rapid screening procedure, referred to as a 'Quick Scan methodology'. The purpose of the Quick Scan is to provide guidance for network operators and decision makers on identifying and rating those critical infrastructure networks and hot spot buildings that may be at risk from flooding, and assessing where intervention will be most feasible and cost beneficial - the so-called quick wins. This approach will support the development of effective interventions to alleviate direct and indirect flood impacts. Workshops and interviews with stakeholders and experts have been organised in pilot cities - Bangkok, Paris and Dordrecht - to test and further develop the Quick Scan and to obtain feedback and lessons learned for the protection of critical urban infrastructure. This paper presents the findings of the stakeholder workshops carried out in the city of Bangkok.

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