The modelling and management of flood risk in urban areas are increasingly recognized as global challenges. The complexity of these issues is a consequence of the existence of several distinct sources of risk, including not only fluvial, tidal and coastal flooding, but also exposure to urban runoff and local drainage failure, and the various management strategies that can be proposed. The high degree of vulnerability that characterizes such areas is expected to increase in the future due to the effects of climate change, the growth of the population living in cities, and urban densification. An increasing awareness of the socio-economic losses and environmental impact of urban flooding is clearly reflected in the recent expansion of the number of studies related to the modelling and management of urban flooding, sometimes within the framework of adaptation to climate change. The goal of the current paper is to provide a general review of the recent advances in flood-risk modelling and management, while also exploring future perspectives in these fields of research.