Almost half a million households have now benefited from Flood Re.
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Today Flood Re published its Annual Report & Accounts which revealed that:
Flood Re continues to deliver on its availability and affordability objectives across the UK. A total of 256,634 policies were backed by Flood Re this year, an 18% increase from 2021.
Almost half a million households (479,000) have now benefited from the Scheme since 2016.
Following its introduction in April 2022, over 50% of the highest flood risk householders will be able to access Build Back Better provisions by the end of the year
Despite a relatively dry year, the results mark the one-year anniversary of the devastating floods in Germany, Belgium and London, with climate change set to increase the frequency and severity of floods in the future.
Flood Re calls for urgent action among government, insurers and consumers to adapt ahead of its legislated exit from the market in 2039. This includes continued success and take-up of Build Back Better and reforms to the UK planning system as part of the Levelling up & Regeneration Bill.
Flood Re, the joint initiative between the UK insurance industry and the UK Government that exists to promote the availability and affordability of flood insurance, has reported strong financial and operational performance for the year ending 31 March 2022, with profit before tax of 㱳2m.
The Scheme also reported a steady increase in the number of policies ceded to the Scheme, rising by 18% from the previous financial year to 256,634. Nearly half a million (479,000) householders have benefited from policies backed by Flood Re since its launch while 4 out of 5 of those with previous flood claims have seen a price reduction in their insurance premium of more than 50% since the Schemeҳ inception in 2016.
This financial year also saw the introduction of Flood Reҳ world-first Build Back Better initiative, designed to reduce the cost and impact of future floods by including property resilience measures as part of flood repairs. Over 50% of the highest flood risk householders will now be able to access Build Back Better provisions by the end of the year through participating insurers (Aviva, LV=, NFU Mutual, Ageas and Lloyds Banking Group), with wider support expected in the future.
Working towards 2039
By law Flood Re will exit the market in 2039, by which point climate change is predicted to have led to more frequent and more severe cases of flooding. While 2021/22 was a relatively dry year, high profile floods in London and elsewhere in Europe highlight the urgent need to adapt to a warmer and wetter planet, and to ensure the continued provision of home insurance post-transition.
Flood Reҳ Annual Report highlights the need for collaborative action with insurers and government to create a risk-reflective market before this deadline, namely:
Continue to build on the success of Build Back Better: Flood Re is confident that with continued support from insurers, Build Back Better will increasingly become a standard component of household insurance and have a profound impact on reduced costs of future flooding events.
Promote property flood resilience (PFR) and flood performance certificates: Flood Re is working to normalise resilience measures, but more innovative public-private partnerships are also needed to encourage take-up and provide the right behavioural nudges to homeowners.
Reform UK planning policies to reflect growing flood risk: The Levelling up & Regeneration Bill presents a once in a generation opportunity to improve the resilience of the UK housing stock. Flood Re is calling for reform that places greater emphasis on flood protection during the initial construction of new homes to ensure they are built with flood risk in mind.
Flood Re is benefiting more people than ever before. But, with our exit from the market fast approaching, wake up calls should be ringing for government and insurers as there is significant progress still needed to ensure the market remains accessible in just 17 yearsҠtime.
As climate change drives damaging and unpredictable weather, ensuring that the right homes are built in the right locations to the right standard is the biggest single step we can take as a nation to prepare and adapt. This must be combined with urgent and coordinated action to encourage the take-up of property flood resilience measures.
Andy Bord, CEO, Flood Re
The postAlmost half a million households have now benefited from Flood Re. appeared first onFlood Re.
Almost half a million households have now benefited from Flood Re.
zlatkinflax1972 Software almost , benefited , flood... , households , million https://www.floodre.co.uk/almost-half-a-million-households-have-now-benefited-from-flood-re/?utm_source=rss&utm_medium=rss&utm_campaign=almost-half-a-million-households-have-now-benefited-from-flood-re
Today Flood Re published its Annual Report & Accounts which revealed that:
Flood Re continues to deliver on its availability and affordability objectives across the UK. A total of 256,634 policies were backed by Flood Re this year, an 18% increase from 2021.
Almost half a million households (479,000) have now benefited from the Scheme since 2016.
Following its introduction in April 2022, over 50% of the highest flood risk householders will be able to access Build Back Better provisions by the end of the year
Despite a relatively dry year, the results mark the one-year anniversary of the devastating floods in Germany, Belgium and London, with climate change set to increase the frequency and severity of floods in the future.
Flood Re calls for urgent action among government, insurers and consumers to adapt ahead of its legislated exit from the market in 2039. This includes continued success and take-up of Build Back Better and reforms to the UK planning system as part of the Levelling up & Regeneration Bill.
Flood Re, the joint initiative between the UK insurance industry and the UK Government that exists to promote the availability and affordability of flood insurance, has reported strong financial and operational performance for the year ending 31 March 2022, with profit before tax of 㱳2m.
The Scheme also reported a steady increase in the number of policies ceded to the Scheme, rising by 18% from the previous financial year to 256,634. Nearly half a million (479,000) householders have benefited from policies backed by Flood Re since its launch while 4 out of 5 of those with previous flood claims have seen a price reduction in their insurance premium of more than 50% since the Schemeҳ inception in 2016.
This financial year also saw the introduction of Flood Reҳ world-first Build Back Better initiative, designed to reduce the cost and impact of future floods by including property resilience measures as part of flood repairs. Over 50% of the highest flood risk householders will now be able to access Build Back Better provisions by the end of the year through participating insurers (Aviva, LV=, NFU Mutual, Ageas and Lloyds Banking Group), with wider support expected in the future.
Working towards 2039
By law Flood Re will exit the market in 2039, by which point climate change is predicted to have led to more frequent and more severe cases of flooding. While 2021/22 was a relatively dry year, high profile floods in London and elsewhere in Europe highlight the urgent need to adapt to a warmer and wetter planet, and to ensure the continued provision of home insurance post-transition.
Flood Reҳ Annual Report highlights the need for collaborative action with insurers and government to create a risk-reflective market before this deadline, namely:
Continue to build on the success of Build Back Better: Flood Re is confident that with continued support from insurers, Build Back Better will increasingly become a standard component of household insurance and have a profound impact on reduced costs of future flooding events.
Promote property flood resilience (PFR) and flood performance certificates: Flood Re is working to normalise resilience measures, but more innovative public-private partnerships are also needed to encourage take-up and provide the right behavioural nudges to homeowners.
Reform UK planning policies to reflect growing flood risk: The Levelling up & Regeneration Bill presents a once in a generation opportunity to improve the resilience of the UK housing stock. Flood Re is calling for reform that places greater emphasis on flood protection during the initial construction of new homes to ensure they are built with flood risk in mind.
Flood Re is benefiting more people than ever before. But, with our exit from the market fast approaching, wake up calls should be ringing for government and insurers as there is significant progress still needed to ensure the market remains accessible in just 17 yearsҠtime.
As climate change drives damaging and unpredictable weather, ensuring that the right homes are built in the right locations to the right standard is the biggest single step we can take as a nation to prepare and adapt. This must be combined with urgent and coordinated action to encourage the take-up of property flood resilience measures.
Andy Bord, CEO, Flood Re
The postAlmost half a million households have now benefited from Flood Re. appeared first onFlood Re.
Royal Jelly Drops – Bee Powered Superfood – Natural Source of Vitamins, Minerals, Antioxidants – Organic, Non-GMO – Anti Aging – Skin Health – Encourages Collagen Production
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About this item
BEE POWERED SUPER FOOD - Royal jelly is a nutrient-rich superfood used as a health tonic and wellness booster supplement. It contains lots of protein, amino acids, healthy fats, vitamins, and minerals. It contains all the B vitamins, and traces of vitamin C. Royal jelly also contains collagen (the major protein in our skin, hair, nails, bones, and veins), and several antioxidant enzymes.
FOOD OF THE EMPERORS - In cultures around the world, royal jelly has been used to promote a healthy and long life. Because itҳ such a precious substance (so little is made, and itҳ not easy to harvest), historical use was mostly for royalty, just like in the honey bee hive. In traditional Chinese medicine, royal jelly is called Ӧood of the emperorsԬ and has long been prescribed to lengthen life, promote energy and vitality, and prevent illness.
EXCLUSIVE FOOD OF THE QUEEN BEE - Royal jelly is a milky secretion produced by honey worker bees to help nurture queen bees. Royal jelly is essentially the nutrient-rich fuel that helps the queen bee grow and thrive. While all larvae are fed royal jelly for the first three day of life, the queens are bathed in royal jelly in special queen cells throughout development and fed only royal jelly throughout their life. This royalty-only classification gave way to royal jellyҳ name.
EASY LIQUID DROPS - Daily use is super easy and convenient. The included dropper top allows you to easily take a quick serving. You no longer have to worry about swallowing difficult pills. Our royal jelly is made from freeze dried concentrate that is common in pill form, and also found in face and skin serums. Royal jelly concentrate is fresh royal jelly that has been freeze dried to remove its moisture. This concentrates the substance. One serving is equivalent to 500mg of fresh royal jelly.
PURE AND SIMPLE INGREDIENTS - Our royal jelly is manufactured in the USA with high-quality ingredients and packaged in a glass bottle. It is made from only royal jelly concentrate, purified water and organic vegetable glycerin made from palms. We do not include any honey, sugar, unnecessary flavors or artificial ingredients. Our unique blending process allows us to slightly re-hydrate royal jelly concentrate and preserve it, thereby making it stable outside of refrigeration.
Rainwater: Is it Clean?
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Water נit makes up 60% of the human body and 71% of the Earthҳ surfaces.
We need it tosustain all life on this planet we call home, and in most countries, weҲe accustomed to being able to get it straight from the tap to drink, clean, and water crops. Failing that, a well, spring, or even a bottle from the shop provide us with this much-needed resource.
But how often do you think about rainwater, its part in the environment, its uses, and whether itҳ drinkable? Letҳ start right at the source.
How does rainwater form?
Heat from the sun evaporates water from the Earthҳ surface (from plants, lakes, rivers, oceans, and ice) into the atmosphere. The vapour then condenses into clouds, and in order to do so, the vapour needs a solid to grip onto ֠a speck of dust or pollen does the job.
When the cloud gets dense and the water droplets grow large, they fall to earth as rain. This process is called precipitation.
What does rainwater contain?
As a result of this process, rainwater is inherently dirty. It needs that condensation nucleus נthat dust, soot, or flake of salt נin order to form and fall.
This is precisely why youҬl have probably noticed that, from time to time, the rain on your window leaves streaks of dust. It goes, after all, on a long journey to get to you.
This means that, aside from its original composition, rainwater contains particles of whatever it has passed through before reaching its final destination.
As for its original composition, rainwater is a mixed electrolyte containing varying amounts of minor and major ions. Clean rain usually has a pH level between 5 and 5.5, while acid rain (rainwater combined with sulphur dioxide or nitrogen oxides) has a pH value of 4.
Can you drink rainwater?
As a child, you may have looked up at a drizzly sky, stuck your tongue out, and asked your parents if you can drink rain water. You might have wondered the same thing as an adult interested in the water crisis and eco-friendly practices.
Itҳ interesting to note that, while much of the discussion around rainwater is about how clean it is at the source, our drinking water is not necessarily clean at the source either. Generally speaking,1 in 3 people donҴ have access to clean drinking water and, even in countries where we do drink tap water, contaminants are often present.
Paracetamol, microplastics, and evenlead from petrol all eventually make their way into our precious water sources. Read our blog aboutthe future of water to learn more.
As for rainwater, various factors impact how clean it is נsuch as the air pollution levels of the geographical area, where it falls, and how you process it.
To ensure rainwater thatҳ harvested is generally clean, itҳ important to maintain and clean the surfaces it falls onto and the pipes it travels through, as well as the places it is stored.
Certain bacteria, viruses, and parasites can be eliminated by boiling the water, but thatҳ not typically enough to ensure itҳ safe to drink. In order to make rainwater potable, it has to be regularly treated and tested properly using an intricate system of filters, ultraviolet light, and chemical treatment. This can end up a little pricey!
How can rainwater be used for good?
There are so many uses for rainwater other than for drinking. Generally speaking, rainwater can be used to water plants, flush toilets, clean cars, and for irrigation.
In commercial settings, a number of businesses around the world are seeing the benefits of rainwater harvesting for reducing bills and amping up their sustainability efforts. In fact, it can reduce yourwater usage by as much as 40%!
Take a look atH2O Building ServicesҠlist of 5 UK businesses making the most of rainwater.
Whatҳ more, the simple act of harvesting rainwater can help reduce localised flood risks, particularly where overstressed drainage systems cannot handle flash floods. Such flooding events are increasing in occurrence due to climate change.
Overall, less reliance on groundwater and aquifers can only be a good thing!
How do you test how clean rainwater is?
For a simple at-home test of the pH of rainwater, you canuse pH strips easily.
But for a more in-depth test of the quality of water for commercial, industrial, and environmental purposes, you will need to use water quality monitoring equipment.Depending on theparameters you would like to test for, you can use awater quality probe to see just how clean your water is! View ourrange of products here orget in touch.
The postRainwater: Is it Clean? appeared first onAquaread.
Rainwater: Is it Clean?
rosebroughcrop1967 Software clean , rainwater: https://www.aquaread.com/blog/is-rainwater-clean/
Water נit makes up 60% of the human body and 71% of the Earthҳ surfaces.
We need it tosustain all life on this planet we call home, and in most countries, weҲe accustomed to being able to get it straight from the tap to drink, clean, and water crops. Failing that, a well, spring, or even a bottle from the shop provide us with this much-needed resource.
But how often do you think about rainwater, its part in the environment, its uses, and whether itҳ drinkable? Letҳ start right at the source.
How does rainwater form?
Heat from the sun evaporates water from the Earthҳ surface (from plants, lakes, rivers, oceans, and ice) into the atmosphere. The vapour then condenses into clouds, and in order to do so, the vapour needs a solid to grip onto ֠a speck of dust or pollen does the job.
When the cloud gets dense and the water droplets grow large, they fall to earth as rain. This process is called precipitation.
What does rainwater contain?
As a result of this process, rainwater is inherently dirty. It needs that condensation nucleus נthat dust, soot, or flake of salt נin order to form and fall.
This is precisely why youҬl have probably noticed that, from time to time, the rain on your window leaves streaks of dust. It goes, after all, on a long journey to get to you.
This means that, aside from its original composition, rainwater contains particles of whatever it has passed through before reaching its final destination.
As for its original composition, rainwater is a mixed electrolyte containing varying amounts of minor and major ions. Clean rain usually has a pH level between 5 and 5.5, while acid rain (rainwater combined with sulphur dioxide or nitrogen oxides) has a pH value of 4.
Can you drink rainwater?
As a child, you may have looked up at a drizzly sky, stuck your tongue out, and asked your parents if you can drink rain water. You might have wondered the same thing as an adult interested in the water crisis and eco-friendly practices.
Itҳ interesting to note that, while much of the discussion around rainwater is about how clean it is at the source, our drinking water is not necessarily clean at the source either. Generally speaking,1 in 3 people donҴ have access to clean drinking water and, even in countries where we do drink tap water, contaminants are often present.
Paracetamol, microplastics, and evenlead from petrol all eventually make their way into our precious water sources. Read our blog aboutthe future of water to learn more.
As for rainwater, various factors impact how clean it is נsuch as the air pollution levels of the geographical area, where it falls, and how you process it.
To ensure rainwater thatҳ harvested is generally clean, itҳ important to maintain and clean the surfaces it falls onto and the pipes it travels through, as well as the places it is stored.
Certain bacteria, viruses, and parasites can be eliminated by boiling the water, but thatҳ not typically enough to ensure itҳ safe to drink. In order to make rainwater potable, it has to be regularly treated and tested properly using an intricate system of filters, ultraviolet light, and chemical treatment. This can end up a little pricey!
How can rainwater be used for good?
There are so many uses for rainwater other than for drinking. Generally speaking, rainwater can be used to water plants, flush toilets, clean cars, and for irrigation.
In commercial settings, a number of businesses around the world are seeing the benefits of rainwater harvesting for reducing bills and amping up their sustainability efforts. In fact, it can reduce yourwater usage by as much as 40%!
Take a look atH2O Building ServicesҠlist of 5 UK businesses making the most of rainwater.
Whatҳ more, the simple act of harvesting rainwater can help reduce localised flood risks, particularly where overstressed drainage systems cannot handle flash floods. Such flooding events are increasing in occurrence due to climate change.
Overall, less reliance on groundwater and aquifers can only be a good thing!
How do you test how clean rainwater is?
For a simple at-home test of the pH of rainwater, you canuse pH strips easily.
But for a more in-depth test of the quality of water for commercial, industrial, and environmental purposes, you will need to use water quality monitoring equipment.Depending on theparameters you would like to test for, you can use awater quality probe to see just how clean your water is! View ourrange of products here orget in touch.
The postRainwater: Is it Clean? appeared first onAquaread.
Youtheory Hyaluronic Acid Advanced with Boswellia, 120 Count (1 Bottle)
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About this item
HYALURONIC ACID WITH BOSWELLIA: Hyaluronic Acid, a water-loving molecule, promotes healthy connective tissue. This deeply nourishing supplement supports skin and joint health, to help your look and feel youthful.
HYALURONIC ACID SUPPLEMENT: You may be familiar with hyaluronic acid's skin hydrating benefits in beauty products, like face lotions, but it also supports internal joint lubrication and cushioning.
BEAUTY BEGINS WITHIN: Support your wellness journey with high-quality Youtheory supplements for healthy sleep, weight, energy, skin and mood.
MADE FOR EVERY STAGE OF LIFE: We believe that health and wellness begin on the inside with innovative health and wellness supplements that help you look and feel your best at any age or stage of life.
THE RIGHT CHOICE: Dairy free, Soy free, and contains No Gluten Ingredients. This product is third-party tested and manufactured in the USA.
Glutathione Whitening Pills 6200mg ⠎atural Skin Lightening Pills with Collagen, Acne Scars Dark Spot Remover, Skin Bleaching Supplement with Anti-Aging Antioxidant Effect, 90 Vegan Capsules
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About this item
㠁ge is Just a Number 㭠Our collagen & glutathione supplement has a potent blend of 6200 MG per serving (2 capsules) which fights against the aging effects and makes your skin look younger, glowing, and wrinkle-free.
㠉deal Skin Lightening Ingredients 㭠Our skin whitening pills are made using a unique combination of 100% natural ingredients such as; Glutathione, Collagen, White Mulberry, Cinnamon, Papaya, Ginger Root, Lemon Juice Powder, Licorice Root, and Bearberry.
㠇et Your Glowing Skin Back 㭠While other skin brightening pills are chemically manufactured and leave harmful side effects; our is organically originated using antioxidant formula, which gets rid of dark spots, acne scars, dullness, wrinkles, and fixes discoloration and pigmentation.
㠍any Skins One Solution 㭠Our gluthathione super lightening capsules works well on all types of skins, which means no more frustration of which capsule to choose and which to drop
㠈igh-Quality 㭠100% Plant-based, non-GMO, contains no fillers, and manufactured while following strict GMP safety regulation; we believe in quality, and our customers will get the result that they are expecting.
An extremely intriguing site with fantastic articles!
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A scotch from the kept in mind Isle of Islay in Scotland, this is legendary liquid gold. There is a kind of bourbon produced in Tennessee referred to as Tennessee Whiskey. The sort of wood, whether the barrel is brand-new or formerly made use of, and also the time spent aging are all factors that establish the shade, taste, as well as aroma of the completed alcohol. Once the Whiskey is bottled, no more aging occurs. Distilled from corn, bourbon scotch come from Kentucky, as well as it is the basis of the epic Mint Julep, a drink long related to that most familiar of equine races, the Kentucky Derby. Bourbon marketed in the United States must be made up of at the very least 51% corn, and it is required to be kept in brand-new white oak casks. The Macallan Lumina – This spicy Macallan whiskey in harvest gold color is a combination of European and also american sherry oak barrels. Double Oak-Aged very first in American oak experienced with sherry, after that with European oak. Kemp also got the word out about Macallan’s exceptional item and also created the first boom in appeal for Macallan scotch.
Almost half a million households have now benefited from Flood Re.
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Today Flood Re published its Annual Report & Accounts which revealed that:
Flood Re continues to deliver on its availability and affordability objectives across the UK. A total of 256,634 policies were backed by Flood Re this year, an 18% increase from 2021.
Almost half a million households (479,000) have now benefited from the Scheme since 2016.
Following its introduction in April 2022, over 50% of the highest flood risk householders will be able to access Build Back Better provisions by the end of the year
Despite a relatively dry year, the results mark the one-year anniversary of the devastating floods in Germany, Belgium and London, with climate change set to increase the frequency and severity of floods in the future.
Flood Re calls for urgent action among government, insurers and consumers to adapt ahead of its legislated exit from the market in 2039. This includes continued success and take-up of Build Back Better and reforms to the UK planning system as part of the Levelling up & Regeneration Bill.
Flood Re, the joint initiative between the UK insurance industry and the UK Government that exists to promote the availability and affordability of flood insurance, has reported strong financial and operational performance for the year ending 31 March 2022, with profit before tax of 㱳2m.
The Scheme also reported a steady increase in the number of policies ceded to the Scheme, rising by 18% from the previous financial year to 256,634. Nearly half a million (479,000) householders have benefited from policies backed by Flood Re since its launch while 4 out of 5 of those with previous flood claims have seen a price reduction in their insurance premium of more than 50% since the Schemeҳ inception in 2016.
This financial year also saw the introduction of Flood Reҳ world-first Build Back Better initiative, designed to reduce the cost and impact of future floods by including property resilience measures as part of flood repairs. Over 50% of the highest flood risk householders will now be able to access Build Back Better provisions by the end of the year through participating insurers (Aviva, LV=, NFU Mutual, Ageas and Lloyds Banking Group), with wider support expected in the future.
Working towards 2039
By law Flood Re will exit the market in 2039, by which point climate change is predicted to have led to more frequent and more severe cases of flooding. While 2021/22 was a relatively dry year, high profile floods in London and elsewhere in Europe highlight the urgent need to adapt to a warmer and wetter planet, and to ensure the continued provision of home insurance post-transition.
Flood Reҳ Annual Report highlights the need for collaborative action with insurers and government to create a risk-reflective market before this deadline, namely:
Continue to build on the success of Build Back Better: Flood Re is confident that with continued support from insurers, Build Back Better will increasingly become a standard component of household insurance and have a profound impact on reduced costs of future flooding events.
Promote property flood resilience (PFR) and flood performance certificates: Flood Re is working to normalise resilience measures, but more innovative public-private partnerships are also needed to encourage take-up and provide the right behavioural nudges to homeowners.
Reform UK planning policies to reflect growing flood risk: The Levelling up & Regeneration Bill presents a once in a generation opportunity to improve the resilience of the UK housing stock. Flood Re is calling for reform that places greater emphasis on flood protection during the initial construction of new homes to ensure they are built with flood risk in mind.
Flood Re is benefiting more people than ever before. But, with our exit from the market fast approaching, wake up calls should be ringing for government and insurers as there is significant progress still needed to ensure the market remains accessible in just 17 yearsҠtime.
As climate change drives damaging and unpredictable weather, ensuring that the right homes are built in the right locations to the right standard is the biggest single step we can take as a nation to prepare and adapt. This must be combined with urgent and coordinated action to encourage the take-up of property flood resilience measures.
Andy Bord, CEO, Flood Re
The postAlmost half a million households have now benefited from Flood Re. appeared first onFlood Re.
Almost half a million households have now benefited from Flood Re.
dillonstakes327 Software almost , benefited , flood... , households , million https://www.floodre.co.uk/almost-half-a-million-households-have-now-benefited-from-flood-re/?utm_source=rss&utm_medium=rss&utm_campaign=almost-half-a-million-households-have-now-benefited-from-flood-re
Today Flood Re published its Annual Report & Accounts which revealed that:
Flood Re continues to deliver on its availability and affordability objectives across the UK. A total of 256,634 policies were backed by Flood Re this year, an 18% increase from 2021.
Almost half a million households (479,000) have now benefited from the Scheme since 2016.
Following its introduction in April 2022, over 50% of the highest flood risk householders will be able to access Build Back Better provisions by the end of the year
Despite a relatively dry year, the results mark the one-year anniversary of the devastating floods in Germany, Belgium and London, with climate change set to increase the frequency and severity of floods in the future.
Flood Re calls for urgent action among government, insurers and consumers to adapt ahead of its legislated exit from the market in 2039. This includes continued success and take-up of Build Back Better and reforms to the UK planning system as part of the Levelling up & Regeneration Bill.
Flood Re, the joint initiative between the UK insurance industry and the UK Government that exists to promote the availability and affordability of flood insurance, has reported strong financial and operational performance for the year ending 31 March 2022, with profit before tax of 㱳2m.
The Scheme also reported a steady increase in the number of policies ceded to the Scheme, rising by 18% from the previous financial year to 256,634. Nearly half a million (479,000) householders have benefited from policies backed by Flood Re since its launch while 4 out of 5 of those with previous flood claims have seen a price reduction in their insurance premium of more than 50% since the Schemeҳ inception in 2016.
This financial year also saw the introduction of Flood Reҳ world-first Build Back Better initiative, designed to reduce the cost and impact of future floods by including property resilience measures as part of flood repairs. Over 50% of the highest flood risk householders will now be able to access Build Back Better provisions by the end of the year through participating insurers (Aviva, LV=, NFU Mutual, Ageas and Lloyds Banking Group), with wider support expected in the future.
Working towards 2039
By law Flood Re will exit the market in 2039, by which point climate change is predicted to have led to more frequent and more severe cases of flooding. While 2021/22 was a relatively dry year, high profile floods in London and elsewhere in Europe highlight the urgent need to adapt to a warmer and wetter planet, and to ensure the continued provision of home insurance post-transition.
Flood Reҳ Annual Report highlights the need for collaborative action with insurers and government to create a risk-reflective market before this deadline, namely:
Continue to build on the success of Build Back Better: Flood Re is confident that with continued support from insurers, Build Back Better will increasingly become a standard component of household insurance and have a profound impact on reduced costs of future flooding events.
Promote property flood resilience (PFR) and flood performance certificates: Flood Re is working to normalise resilience measures, but more innovative public-private partnerships are also needed to encourage take-up and provide the right behavioural nudges to homeowners.
Reform UK planning policies to reflect growing flood risk: The Levelling up & Regeneration Bill presents a once in a generation opportunity to improve the resilience of the UK housing stock. Flood Re is calling for reform that places greater emphasis on flood protection during the initial construction of new homes to ensure they are built with flood risk in mind.
Flood Re is benefiting more people than ever before. But, with our exit from the market fast approaching, wake up calls should be ringing for government and insurers as there is significant progress still needed to ensure the market remains accessible in just 17 yearsҠtime.
As climate change drives damaging and unpredictable weather, ensuring that the right homes are built in the right locations to the right standard is the biggest single step we can take as a nation to prepare and adapt. This must be combined with urgent and coordinated action to encourage the take-up of property flood resilience measures.
Andy Bord, CEO, Flood Re
The postAlmost half a million households have now benefited from Flood Re. appeared first onFlood Re.