Flood Re is a flood re-insurance scheme delivering a new era of more affordable insurance for householders who live in a flood risk area
Flood Re is a ‘world-first’ flood re-insurance scheme that enables insurers to offer competitive premiums and lower excesses to high flood risk homes across the UK.
The launch of the scheme follows years of preparation, from appointing a Board, testing IT systems and on-boarding insurers to securing £2.1 billion in reinsurance cover.
Flood Re has received regulatory authorisation from the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) and is set to help, over time, an estimated 350,000 households at risk of flooding in the UK.
We are continuing to accept applications from insurers for Flood Re membership.