Risk management has reduced vulnerability to floods and droughts globally^1,2, yet their impacts are still increasing³. An improved understanding of the causes of changing impacts is therefore needed, but has been hampered by a lack of empirical data^4,5. On the basis of a global dataset of 45 pairs of events that occurred within the same area, we show that risk management generally reduces the impacts of floods and droughts but faces difficulties in reducing the impacts of unprecedented events of a magnitude not previously experienced. If the second event was much more hazardous than the first, its impact was almost always higher. This is because management was not designed to deal with such extreme events: for example, they exceeded the design levels of levees and reservoirs. In two success stories, the impact of the second, more hazardous, event was lower, as a result of improved risk management governance and high investment in integrated management. The observed difficulty of managing unprecedented events is alarming, given that more extreme hydrological events are projected owing to climate change³.

Pluvial flood risk is mostly excluded in urban flood risk assessment. However, the risk of pluvial flooding is a growing challenge with a projected increase of extreme rainstorms compounding with an ongoing global urbanization. Considered as a flood type with minimal impacts when rainfall rates exceed the capacity of urban drainage systems, the aftermath of rainfall‐triggered flooding during Hurricane Harvey and other events show the urgent need to assess the risk of pluvial flooding. Due to the local extent and small‐scale variations, the quantification of pluvial flood risk requires risk assessments on high spatial resolutions. While flood hazard and exposure information is becoming increasingly accurate, the estimation of losses is still a poorly understood component of pluvial flood risk quantification. We use a new probabilistic multivariable modeling approach to estimate pluvial flood losses of individual buildings, explicitly accounting for the associated uncertainties. Except for the water depth as the common most important predictor, we identified the drivers for having loss or not and for the degree of loss to be different. Applying this approach to estimate and validate building structure losses during Hurricane Harvey using a property level data set, we find that the reliability and dispersion of predictive loss distributions vary widely depending on the model and aggregation level of property level loss estimates. Our results show that the use of multivariable zero‐inflated beta models reduce the 90% prediction intervalsfor Hurricane Harvey building structure loss estimates on average by 78% (totalling U.S.$3.8 billion) compared to commonly used models.

Asset Management is an important component of an infrastructure project. A significant cost is involved in maintaining and updating the asset information. Data collection is the most time-consuming task in the development of an asset management system. In order to reduce the time and cost involved in data collection, this paper proposes a low cost Mobile Mapping System using an equipped laser scanner and cameras. First, the feasibility of low cost sensors for 3D asset inventory is discussed by deriving appropriate sensor models. Then, through calibration procedures, respective alignments of the laser scanner, cameras, Inertial Measurement Unit and GPS (Global Positioning System) antenna are determined. The efficiency of this Mobile Mapping System is experimented by mounting it on a truck and golf cart. By using derived sensor models, geo-referenced images and 3D point clouds are derived. After validating the quality of the derived data, the paper provides a framework to extract road assets both automatically and manually using techniques implementing RANSAC plane fitting and edge extraction algorithms. Then the scope of such extraction techniques along with a sample GIS (Geographic Information System) database structure for unified 3D asset inventory are discussed.

As the adverse impacts of hydrological extremes increase in many regions of the world, a better understanding of the drivers of changes in risk and impacts is essential for effective flood and drought risk management and climate adaptation. However, there is currently a lack of comprehensive, empirical data about the processes, interactions, and feedbacks in complex human–water systems leading to flood and drought impacts. Here we present a benchmark dataset containing socio-hydrological data of paired events, i.e. two floods or two droughts that occurred in the same area. The 45 paired events occurred in 42 different study areas and cover a wide range of socio-economic and hydro-climatic conditions. The dataset is unique in covering both floods and droughts, in the number of cases assessed and in the quantity of socio-hydrological data. The benchmark dataset comprises (1) detailed review-style reports about the events and key processes between the two events of a pair; (2) the key data table containing variables that assess the indicators which characterize management shortcomings, hazard, exposure, vulnerability, and impacts of all events; and (3) a table of the indicators of change that indicate the differences between the first and second event of a pair. The advantages of the dataset are that it enables comparative analyses across all the paired events based on the indicators of change and allows for detailed context- and location-specific assessments based on the extensive data and reports of the individual study areas. The dataset can be used by the scientific community for exploratory data analyses, e.g. focused on causal links between risk management; changes in hazard, exposure and vulnerability; and flood or drought impacts. The data can also be used for the development, calibration, and validation of socio-hydrological models. The dataset is available to the public through the GFZ Data Services (Kreibich et al., 2023, https://doi.org/10.5880/GFZ.4.4.2023.001).

Large‐scale flood risk assessments are crucial for decision making, especially with respect to new flood defense schemes, adaptation planning and estimating insurance premiums. We apply the process‐based Regional Flood Model (RFM) to simulate a 5000‐year flood event catalog for all major catchments in Germany and derive risk curves based on the losses per economic sector. The RFM uses a continuous process simulation including a multisite, multivariate weather generator, a hydrological model considering heterogeneous catchment processes, a coupled 1D–2D hydrodynamic model considering dike overtopping and hinterland storage, spatially explicit sector‐wise exposure data and empirical multi‐variable loss models calibrated for Germany. For all components, uncertainties in the data and models are estimated. We estimate the median Expected Annual Damage (EAD) and Value at Risk at 99.5% confidence for Germany to be €0.529 bn and €8.865 bn, respectively. The commercial sector dominates by making about 60% of the total risk, followed by the residential sector. The agriculture sector gets affected by small return period floods and only contributes to less than 3% to the total risk. The overall EAD is comparable to other large‐scale estimates. However, the estimation of losses for specific return periods is substantially improved. The spatial consistency of the risk estimates avoids the large overestimation of losses for rare events that is common in other large‐scale assessments with homogeneous return periods. Thus, the process‐based, spatially consistent flood risk assessment by RFM is an important step forward and will serve as a benchmark for future German‐wide flood risk assessments.

Private precaution is an important component in contemporary flood risk management and climate adaptation. However, quantitative knowledge about vulnerability reduction via private precautionary measures is scarce and their effects are hardly considered in loss modeling and risk assessments. However, this is a prerequisite to enable temporally dynamic flood damage and risk modeling, and thus the evaluation of risk management and adaptation strategies. To quantify the average reduction in vulnerability of residential buildings via private precaution empirical vulnerability data (n = 948) is used. Households with and without precautionary measures undertaken before the flood event are classified into treatment and nontreatment groups and matched. Postmatching regression is used to quantify the treatment effect. Additionally, we test state‐of‐the‐art flood loss models regarding their capability to capture this difference in vulnerability. The estimated average treatment effect of implementing private precaution is between 11 and 15 thousand EUR per household, confirming the significant effectiveness of private precautionary measures in reducing flood vulnerability. From all tested flood loss models, the expert Bayesian network‐based model BN‐FLEMOps and the rule‐based loss model FLEMOps perform best in capturing the difference in vulnerability due to private precaution. Thus, the use of such loss models is suggested for flood risk assessments to effectively support evaluations and decision making for adaptable flood risk management.