• Our future

    Building a Fairer, More Resilient Future

    Flood Re will remain in place until 2039. While continuing to help make flood insurance available and affordable for households at risk of flooding, our focus is increasingly on helping the UK transition towards a more resilient future where flood risk is better understood, managed and reflected in the insurance market.

    As Flood Re marks its tenth anniversary, we have announced a major package of reforms designed to ensure flood insurance remains fair, affordable and sustainable while accelerating action to improve flood resilience across the UK.

Changes to the Scheme

Supporting Those Who Need It Most

Flood Re exists to support households that would otherwise struggle to access affordable flood insurance. Recent analysis has shown that, in three of the last four years, Flood Re has spent more repairing properties in Council Tax Bands G and H than properties in Bands A and B. To better target support where it is most needed, Flood Re will more than halve the premium charged to insurers for contents cover in Council Tax Bands A and B, reducing it from £52 to £25 from April 2027. The change is intended to benefit lower-income households and renters, with insurers expected to pass these savings on to customers.

Strengthening Flood Resilience

Alongside affordability, Flood Re’s next chapter is focused on helping households become more resilient to flooding. As climate change increases flood risk and the Scheme approaches its planned end in 2039, resilience will play a central role in supporting a smoother transition to the future flood insurance market.

Flood Performance Certificates

Flood Re is working with insurers, lenders and industry partners to introduce Flood Performance Certificates (FPCs). Similar in concept to Energy Performance Certificates, FPCs will help homeowners, buyers, renters and insurers better understand a property’s flood risk and the measures that can reduce potential flood damage.

Preparing for 2039

Flood Re was established to support a transition to a future insurance market where flood risk is properly understood and reflected. With fewer than fifteen years remaining until the Scheme’s planned end, our work is increasingly focused on ensuring this transition is fair, effective and sustainable for customers, insurers and communities.

Working alongside Government, insurers and industry partners, we will continue evolving the Scheme to improve affordability, reward resilience and help people better prepare for future flood risk.

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