A catastrophe risk model for current and future flooding in the UK

We present a climate-conditioned catastrophe flood model for the UK that simulates pluvial, fluvial and coastal flood risks at 1 arc second spatial resolution (~20-25m). Hazard layers for ten different return periods are produced over the whole UK for historic, 2020, 2030, 2050 and 2070 conditions using the UKCP18 climate simulations. From these, monetary losses are computed for Great Britain only for five specific global warming levels (0.6, 1.1, 1.8, 2.5 and 3.3°C). The analysis contains a greater level of detail and nuance compared to previous work and represents our current best understanding of the UK’s changing flood risk landscape. Validation against national return period flood maps yielded Critical Success Index values in the range 0.6 to 0.78, and maximum water levels for the Carlisle 2005 flood were replicated to an RMSE of 0.41m without calibration. This level of skill is similar to local modelling with site specific data. Expected Annual Damage in 2020 was £730M, which compares favourably to the observed value of £714M reported by the Association of British Insurers. Previous UK flood loss estimates based on government data are ~3x higher and lie ~6-7 standard deviations away from the mean of our modelled loss distribution, which is plausibly centred on the observations. We estimate that UK 1% annual probability flood losses were ~6% greater in the average climate conditions of 2020 than for the period of historical river flow and rainfall observations (centred approximately on 1995) and can be kept to around ~8% if all countries’ COP26 2030 carbon emission reduction pledges and ‘net zero’ commitments are implemented in full. Implementing only the COP26 pledges increases UK 1% annual probability flood losses by ~23% above recent historical values, and potentially ~37% if climate sensitivity turns out to be higher than currently thought.