“…Furthermore, critical infrastructure, such as power stations, has to be protected against extreme floods. Since floods are expected to increase due to climatic changes (Asadieh and Krakauer, 2015;Arnell and Gosling, 2016;Beniston et al, 2007;Bouwer, 2013;Fischer and Knutti, 2016;Millán, 2014;Pfahl et al, 2017;Rajczak et al, 2013;Scherrer et al, 2016), flood risk analyses and the management of extreme events will become even more relevant (Smolka, 2006;Yuan et al, 2017). Hence, insurance companies and governmental institutions are increasingly interested in quantifying flood risks, and especially in estimating the impacts of probable maximum floods leading to high cumulative losses (Burke et al, 2016;Morrill and Becker, 2017) or the destruction of critical infrastructure (Hasan and Foliente, 2015;Mechler et al, 2010;Michaelides, 2014).…”