“The flooding this week in the Persian Gulf is a stark reminder that flood risk is a truly global peril. Communities were left submerged in the most severely affected countries of United Arab Emirates, Bahrain and Oman and international travel was significantly disrupted. The amount of rainfall that has been recorded in this event has exceeded historic levels. However, the region is also no stranger to intense precipitation - it is the scarcity of these events that challenges awareness for the hazard and leads to a lack of planning and preparedness. The Gulf region is an area that is typically underserved with solutions for managing flood risk. Moody's global flood hazard data can help to identify the level of risk that can be expected from such flood events and with that can support important risk mitigation action.”
Steffi Uhlemann-Elmer, PhD
Director of Model Product Management at Moody’s RMS
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