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Peter Lacovara: Head of Commercial, Floodbase: Making parametric flood insurance possible (252)
InsTech - insurance & innovation with Matthew Grant
The Advantages and Disadvantages of Global Flooding
With our global parametric flood capabilities, we're generally using the MODIS mission. The advantage of that again is the consistency. We have twice daily overpasses. So these two satellites, Aqua and Terra, are passing over everywhere on the planet twice a day. That does mean that flooding using our global approach has to persist for generally more than 12 hours. In the US, the advantage that the synthetically generated map brings to the table is it's much higher temporal frequency.
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