Located in the headwater upstream of the Taihu Lake region, which is a densely populated and economically developed area in China, the West Tiaoxi River catchment is a frequently food-hit area due to its nature and climatic characteristics. During the last several decades, more than ten catastrophic floods happened in this area, causing huge economic losses. Since 1990, due to the increasing property vulnerability to flood hazard, the disasters were even more serious than before, and economic losses increased year by year. Thus, there have great importance to study flood behaviors, flood risks and their consequences. In this paper the hydrologic/hydraulic modelling is presented firstly. It is the method to study the relationship between rainfall and runoff and the flood propagation process. Secondly, the author gives the summary of the current study methods for flood risk assessment. The West Tiaoxi River catchment has a long history of the construction of polders and hydraulic engineering. Most farmlands have been protected against floods. So the combination method has been used to obtain the real risk area. The results have been obtained by using this method, which, the authors think, will be used in disaster preparedness, property insurance etc.