The 1:100 year safety level should thus be considered a bare minimum for high impact events. In the Netherlands water infrastructure is designed to withstand the 1:10.000 year storm for catastrophic events, and e.g. 1:1.000 year storm for high impact events.
But even with higher safety standards, it is key to design not only for the current climate, but for the future climate over the design life of whatever you are building. Extrapolating 1:10.000 year events from 30 years of observations might seem sketchy already, but with all the uncertainties in climate change predictions is a bit of a stretch.
Long term observed water levels are fed into a model with normal distribution, and a 100-year flood is then defined as 99-th percentile of the model. This means that there's a 1% chance of a 100-year flooding each year.
Global warming and climate change have an effect that there's a lot more water vapour in air. Same air mass can deliver more rainfall on a given territory, pushing observed water levels into higher extremes, meaning what used to be 100-year flood is now 25 (4% yearly chance), 10 (10% yearly chance) or even 5-year (20% yearly chance) flood.
https://www.usgs.gov/special-topics/water-science-school/sci...