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It is essential that the Government works with Flood Re and the insurance industry to...

Recommendation
It is essential that the Government works with Flood Re and the insurance industry to identify and address continuing obstacles to the uptake of insurance among people at risk from flooding. The Government should set out what further research will be undertaken, building on the Blanc review of insurance in Doncaster, to better understand and address barriers to uptake of household flood insurance cover.
Paragraph Reference
105
Government Response
Not Addressed
HM Government Not Addressed
The Flood Re Scheme is a joint Government and industry initiative aimed at improving the availability and affordability of flood insurance for UK households at high flood risk. Since its launch in 2016 more than 300,000 households have benefitted with 96% of policy holders with a prior flood claim now able to obtain five or more quotes. Prior to Flood Re no policy holders with a prior flood claim could get five or more quotes and only 9% could obtain two or more. The Government will continue to work with Flood Re and the sector to identify and address obstacles to flood insurance. In December 2019, the Government commissioned an independent review into the affordability and availability of insurance in Doncaster led by Amanda Blanc, former Chair of the Association of British Insurers. On 5 November 2020 the final report was published and made 12 recommendations that Government is considering and will respond to formally in due course. In line with two of the recommendations, the Government is repeating the 2018 research into the affordability and availability of flood insurance for households and small and medium sized enterprises. This study is the continuation of a series of studies to evaluate the market situation, to identify trends in relation to the availability and affordability of flood insurance and the impact of Flood Re. The research is expected to commence in spring 2021 and will inform future policy.
Timeline
Recommendation age 5.3 yrs
Report published 08 Feb 2021