**Abstract**

Flood risk management has been studied extensively and intensively in many academic fields from civil engineering, sociology, economics, culture, and even psychology. However, the fact that flooding accounts for a greater number of damaging events than any other type of natural events worldwide on an yearly scale proves that our understanding of flooding is still insufficient, flawed, and fragmented. This chapter intends to shed new light on a number of issues that deserve more comprehensive study in order to advance flood risk management. As a result, a new two-layer framework of vulnerability is proposed, which can lead to a better understanding of, and new approaches to, flood risk management.

**Keywords:** vulnerability, framework, flooding time, flood duration, Ec0-DRR
