PARLIAMENTARY WRITTEN QUESTION
Flood Control (11 October 2024)

Protecting communities from flooding is a key priority for this Government.

Flood Re is a UK-wide, Government and industry led flood re-insurance scheme which aims to promote the affordability and availability of insurance for UK households at high flood risk. It is also required to manage the transition to risk-reflective pricing of flood insurance for household premises, ahead of the scheme closure in 2039.

In their 2023 Transition Plan, Flood Re have committed to bring to the market a 'Flood Performance Certificate' which will enable assessments to be undertaken of property-level resilience to flooding.

Whilst there is no statutory requirement for ministers to comment or respond to the published transition plans, the Government continues to work closely with Flood Re on the transition to risk reflective pricing for household insurance.