Using advanced data analysis from D-Risk and information from CLS Data, the D-Risk FloodBI product provides flood business impact scores, identifying how resilient a property and its assets are to a potential flood event ranging from ‘exceptional’ through to ‘very poor’. 

This aims to enable lenders and borrowers to understand and mitigate flood risks related to commercial properties.

It also helps lenders to meet Prudential Regulation Authority (PRA) regulations to test the resilience of their loan books to climate change and identify future threats to the business, its property value and future saleability.

According to Aviva’s Building Future Communities report, flood is currently one of the major threats to homes and businesses, with nearly a third of commercial properties in the UK at risk from flooding and 75% of UK businesses not having a business continuity plan that includes climate risk.

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Andrew Pullman, managing director at D-Risk, said: “This is a very exciting time for D-Risk and CLS Data, and we are talking to a number of lenders to deliver this innovative product that offers real insight and value to loan book. 

“Flooding has serious ramifications for property values, mortgage markets and impacting on business interruption. 

“As climate risk specialists, we understand the bigger picture and are keen to modernise the approach to flood risk by raising the awareness of the threats of climate change. 

“We know each business has unique physical and operational challenges when faced with flood risk and the damaging consequences on lenders, businesses, employees, and the surrounding communities.  

“D-Risk FloodBI can be applied to any UK business premises using information relating to the premises location and the nature of business activities derived from the Standard Industrial Classification of Economic Activities, along with flood hazard data.”