Observatoire des droits humains (anglais seulement)

How the UK is keeping flood insurance affordable – until 2039

(Version anglaise seulement)

par Meilan Yan, Senior Lecturer in Financial Economics, Loughborough University
Dalu Zhang, Lecturer in Finance, University of Leicester
Neil Gunn, Visiting Professor of Practice of Engineering, Newcastle University

While floods are becoming more frequent in recent years, you should still be able to buy reasonably priced home insurance. That reassurance exists largely because of Flood Re. Launched in 2016, Flood Re is a national public–private reinsurance scheme that prevents many properties from being priced out of cover.

But the Flood Re scheme is a temporary fix that’s due to end in 2039, on the assumption that flood risk will fall and the market can move back towards more risk-reflective pricing. As financial experts, we’re worried that…

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