Flood Re
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, whether she plans to issue guidance to insurers on communicating flood risk to homeowners whose insurance policies rely on Flood Re.
Answered by Emma Hardy
The Government works closely with Flood Re and the insurance industry to improve awareness and understanding of flood risk. Flood Re made a recommendation in their 2024 Quinquennial Review that insurers are required to make clear on their policy documents that a policy has been ceded to Flood Re which Government accepted www.floodre.co.uk/wp-content/uploads/Flood-Re_QQR-2024_Digital.pdf.
They are also developing Flood Performance Certificate pilots which will provide clearer, trusted information on a property’s level of risk and resilience for use by householders, insurers and lenders. Piloting will begin later this year, with wider rollout to follow.
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