IFoA Flood WP 2024 |
To all Institute and Faculty of Actuaries members, your support is requested with our survey.
Whilst flood insurance in the UK remains affordable for many through the current industry scheme, a growing number of homes are not covered by it, and its temporary nature is starting to impact mortgage lending.
We would like to understand the level of awareness of the current scheme, and to seek views from across our entire membership on various aspects of how the next UK flood insurance solution might be developed and structured.
Whilst flood insurance in the UK remains affordable for many through the current industry scheme, a growing number of homes are not covered by it, and its temporary nature is starting to impact mortgage lending.
We would like to understand the level of awareness of the current scheme, and to seek views from across our entire membership on various aspects of how the next UK flood insurance solution might be developed and structured.