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An Agent-Based Model of Flood Risk and Insurance

J J Dubbelboer, I Nikolic, K Jenkins, J Hall
Submitted By: ENHANCE_Oxford
Submitted: Jun 29, 2015
Last Updated: Oct 3, 2016
120 Downloads (24 Downloads in the last 3 months)
Latest Version

The purpose of the model is to investigate the role of flood protection measures in risk reduction; the working of the existing public-private flood insurance partnership in the UK; the proposed insurance scheme ‘Flood Re’; and how these schemes can be used to incentivize flood risk management. To do this the model simulates a housing market in an area at risk of surface water flooding in London, UK. The model is specifically set-up for the London Borough of Camden, but is also able to simulate a ward in the London borough of Bromley and the London borough of Croydon. The housing market is modelled using a double auction market and reacts to flood events in the area. By giving a person the ability to invest in property level protection measures and the local government the ability to invest in the building of flood defences, the role of flood protection measures in flood risk reduction can be investigated. This can initially be done under the influence of the current public-private partnership between the government and the insurers in the UK. Secondly, the working and the influence of the proposed ‘Flood Re’ system can be investigated.

This model is associated with a publication:

Dubbelboer,J., Nikolic, J., Jenkins, K., Hall, J.(2016) An Agent-Based Model of Flood Risk and Insurance. Journal of Artificial Societies and Social Simulation. Accepted, In Press.

Cite This Model:
Dubbelboer, J J, Nikolic, I, Jenkins, K, Hall, J (2015, July 27). "An Agent-Based Model of Flood Risk and Insurance" (Version 1). CoMSES Computational Model Library. Retrieved from: https://www.openabm.org/model/4647/version/1
 

Model Status

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Model Version: 1
Version Notes:

Originally this model was created within the graduation thesis of Jan Dubbelboer. Documentation on this can be found in the attached document ‘Graduation thesis - Jan Dubbelboer.pdf’. However after the graduation thesis was made, the model has seen several improvements. These changes can be found in the document ‘Changes made to the model after graduation thesis.pdf’.

Platform: NetLogo 5.2.0
Programming Language: Logo (variant)
Operating System: Platform Independent
Instructions on Running This Model:
NetLogo 5.2.0 (or above) should be installed. Requires the GIS and profiler NetLogo extensions (these are standard with the normal NetLogo installation). Unzip the data file and put the folders in the same directory as the model. Then launch the .nlogo file. In the top left of the interface window the general settings of the model can be chosen. After the wanted settings are chosen the model can now be set up using the ‘setup’ button that can be found below the model settings. Keep in mind that the setup can take a while as it uses large data sets that are being loaded into the model. After the model has set up, pressing the ‘go’ button will start the model run. What is happening during the model run can be seen in the visualisation of the modelled area (for which different display options can be found at the bottom right of the visualised modelled area) and the counters and graphs provided in the interface.

Available Model Versions
Version Number Submitted
1 07/27/2015 Originally this model was created within the graduation thesis of Jan Dubbelboer. Documentation on this can be found in the attached document ‘Graduation thesis - Jan Dubbelboer.pdf’. However after the graduation thesis was made, the model has seen several improvements. These changes can be found in the document ‘Changes made to the model after graduation thesis.pdf'.
2 08/9/2016 Originally this model was created within the graduation thesis of Jan Dubbelboer. Documentation on this can be found in the attached document ‘Graduation thesis - Jan Dubbelboer.pdf’. However after the graduation thesis was made, the model has seen several improvements. These changes can be found in the document ‘Changes made to the model after graduation thesis.pdf'.
3 10/3/2016 Originally this model was created within the graduation thesis of Jan Dubbelboer. Documentation on this can be found in the attached document ‘Graduation thesis - Jan Dubbelboer.pdf’. However after the graduation thesis was made, the model has seen several improvements. These changes can be found in the document ‘Changes made to the model after graduation thesis.pdf'.
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