Understanding and improving the public perception has become an important element in the management of flood risk worldwide. In Iceland, studying perception of flood hazard and flood risk is, however, in its early stages. This paper presents a case study on the public perception of flood hazard and flood risk in an Icelandic town prone to icejam floods. Awareness of the population regarding historical inundations, self estimation of flood risk and worry is considered. The factual knowledge of the residents is deconstructed in flood hazard parameters accessible to the lay population: number of events, dates, genesis and boundaries. The performance of the respondents is rated for each parameter and the influence of several predictors evaluated. The research shows three significant patterns: there is poor awareness and little worry about historical inundations in the area; experience of the past flooding events in town is the most effective source of knowledge; awareness, risk estimation and worry are not correlated.

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River flow conditions in many watersheds of Iceland are particularly disturbed during winter by the formation, drifting and accumulation of river ice, whose impact on water encroachment and extent of inundations is not reflected in the discharge records. It is therefore necessary to use river discharge with great caution when assessing the magnitude of past inundations in Iceland, and to give attention to other flood magnitude parameters. A GIS-based methodology is presented that focuses on inundation extent as an alternative parameter for the assessment and ranking of the magnitude of past flooding events in the Ölfusá-Hvítá basin, known as one of the most dangerous flood-prone river complexes in Iceland. Relying ultimately on a macro-scale grid, the method enabled the reconstruction of the extent of inundations, the delineation of the flood plain, and, finally, some estimation of the likelihood of flooding of exposed areas that include marine submergences and river floods for both open water and ice conditions.