In Australia, floods can threaten lives and bring widespread damage to homes, businesses and critical infrastructure. The CSIRO reports that floods are the most costly natural disasters in Australia, averaging AU$8.8 billion per year (as of 2017) for insured, tangible and intangible costs. Yet 35% of these losses could be avoided if effective prevention and crisis-management measures were in place. This is a critical point, especially considering that annual flood damage is expected to increase by more than 60% by 2050.
