Synthetik successfully demonstrates its advanced flood analysis tool

Synthetik has announced the successful demonstration of Flowcore, its “Flood Data Collection and Analysis” platform designed for modelling flood scenarios and predicting resulting damages and financial/insurance losses.

Flowcore integrates Synthetik’s specialised GPU-accelerated flood simulation code and employs artificial intelligence (AI) to deliver rapid results. This capability enables the assessment of cumulative events or the analysis of high-volume probabilistic scenarios within seconds.

Flowcore’s reliability has been extensively validated using real-world events. For instance, it accurately recreated a flash flooding incident in Fort Lauderdale, FL, from April 2023 with exceptional precision, all achieved at unprecedented speeds.

Meeting the objectives set by the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP), Flowcore facilitates a better understanding of historical flood impacts, real-time analysis, and damage forecasting for future events nationwide.

Flowcore is already embraced by Synthetik’s partners in the insurance industry and signifies a significant advancement in the scalability of physics-based flood simulation.

Josh Hatfield, Director of Research and Development at Synthetik, states, “Climate change is rapidly and radically changing the landscape of risk in climate-related events, so we are delighted with the success of Flowcore and its potential to assist public and private sector partners in understanding and predicting flooding damage, and to help guide disaster mitigation efforts across impacted communities.”

Tim Brewer, Founder and COO of Synthetik, comments, “Flowcore joins our successful products for insurance analytics based on the characterisation of assets, perils and vulnerability that deliver industry leading intelligence to insurance companies and risk holders all over the world.”

He adds, “We’re motivated to extend this framework to a wide-range of insurable assets and perils including human and climate-based threats to deliver on our mission of developing breakthrough technology for a safer world.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.