Consequences Solution

Consequence modeling is essential for actuarial assessments, scenario evaluations, and Benefit-Cost Analyses (BCAs). Accurate Annualized Average Loss (AAL) data supports setting insurance premiums, managing financial risks, planning for emergencies, and justifying investments in flood mitigation. FEMA requires rapid and reliable AAL estimates to improve flood damage assessments. The Consequences Solution is designed to deliver a flexible and transparent framework that meets FEMA’s needs by leveraging established methodologies to produce trusted AAL data for both coastal and inland areas.

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Inland and Coastal Framework

This solution introduces a novel inland modeling capability that applies best practices and lessons learned from a variety of existing tools. By aligning inland and coastal modeling approaches within a single framework, the tool ensures consistency in how losses are calculated and reported across FEMA programs.

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Integration with Coastal FFRD Methodology

The Consequences Solution migrates the Coastal Future of Flood Risk Data (FFRD) Average Annualized Loss Calculation Tool from R to Python, integrating its core methodology into a modular, scalable architecture.This migration facilitates continued development and performance enhancements while ensuring methodological consistency with ongoing FEMA projects.

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Key Benefits

• Consistency – Unified inland and coastal methodologies ensure compatibility across FEMA risk products.
• Transparency – Open, modular framework simplifies review and reproducibility.
• Extensibility – Supports future enhancements, such as new hazard inputs or improved structure inventories.
• Efficiency – Modernized Python implementation reduces manual processing time and enables integration with cloud-based workflows.