How are the premiums set for ceded policies to the scheme?

The Premiums charged by Flood Re to insurers vary by the Council Tax band of the property. Flood claims on the ceded policy come with a fixed excess of £250 per claim. The table below provides details of the 2019/20 inward reinsurance premiums for properties ceded to the Flood Re scheme, which from 1st January 2019 were reduced for the majority of bands:

  Tax
band
England & Scotland A   B C D E F G H
  Wales A  B  C D E F G H I
  N. Ireland 1   2 3 4 5 6 7 8
  Combined 169 169 197 221 265 331 436 1218
  Buildings 117 117 131 148 176 231 296 812
  Contents 52 52 66 73 89 100 140 406
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