Industry COP26 Search for: Search Twitter Menu Flood Re COP26 Hub This Autumn’s COP26 will see world leaders coming together to shape the world’s recovery from Covid-19, and its preparedness for a warmer and wetter planet – both now and in the future. However, whilst ‘Net Zero’ is critically important, it is adaptation and resilience that should now take centre stage. Climate change is already increasing the likelihood of flooding, with six of the wettest years in history having occurred since 1998. It is now the greatest natural disaster risk in the UK, with an estimated 1 in 6 properties in England and Wales at risk. Without urgent action, many more people will experience its devastating consequences in the years to come. Much of the debate at COP26 will be about efforts to slow the pace of climate change. This is essential – but it is equally important to recognise that we cannot stop it altogether and must take steps now to adapt; impacts of climate change are happening now. COP26 will be a pivotal moment, because it gives a unique opportunity to create sustainable and resilient foundations for the future. Further flooding is inevitable, but it is in our power to ensure that we are prepared for when it does occur. To reduce the risk of damage from flooding and build resilience, a broad set of measures are needed. Build Back Better Our Build Back Better proposals, which have Government support, are designed to reduce the cost and impact of future floods by including property resilience measures as part of flood repairs. Our research found that not only will Build Back Better encourage PFR take-up, it will also reduce the severity and frequency of flood insurance claims. This will mean reduced costs for insurers and lower premiums for households. Furthermore, by driving innovation and raising standards across the market, Build Back Better will benefit the entire UK housing stock. Mary Dhonau visits Karen in Appleby who has been flooded three times. In 2015, Karen was forced out of her home for eight months when 1.5m of water filled her home, which led to an insurance bill of £48k. Mary talks to Karen to find out how installing PFR enabled her to return home within only 24-hours of being flooded in 2020, with minimum disruption. Road to COP26 Flood Re took the Floodmobile on tour around the UK, finishing in Glasgow ahead of COP26 to highlight the need for property adaptation and flood resilience measures. The Floodmobile showcases around 50 property flood resilience measures which are installed into the mobile facility. Floodmobile tour press coverage Flood Re tours the UK to raise awareness on flood resilience – Insurance Business UK Flood Re and Mary Dhonau visit Carlisle ahead of COP26 – News and Star Flood Re to tour flood-prone UK cities – Insurance Day Flood Re hits the road – Insurance today Previous York Next 123456789 Flood Re COP26 News Hub Business Reporter – A new route through the climate crisis, Distributed with the Economist (page 2) Read the Report COP26: Flood Re CEO warns that flood resilience is not being prioritised Read the Insurance Post article COP26: Flood resilience not being prioritised Read the Insurance Business article Andy Bord COP26 blog: Insurance industry has a powerful role to play to protect against flooding. Read the Insurance Post article Andy Bord speaks at the New Statesman Media Group’s Making Sense of Net Zero event Read New Stateman Media article Flood Re calls for adaptation focus ahead of COP26’ Read the Intelligent Insurer article Dermot Kehoe speaks at The Flood Expo panel on ‘What role will PFR play in the future of property insurance?’ #BuildBackBetter Andy Bord, Chief Executive of Flood Re joins 80 businesses and business groups calling on the government to deliver a coherent climate strategy in the countdown to COP26 and beyond UN Climate Change Conference. Read the Financial Times article Andy Bord, Chief Executive of Flood Re writes in The Insurer Industry needs to educate public on flood risk Dermot Kehoe, communications and transition director at Flood Re, highlights issues the market must address as the risk of flood-related losses looks set to rise. Read the full #RICSJournals article Flood Insurance: Ox-Cam Pathfinder Project interviews Flood Re The Ox-Cam PFR Pathfinder’s ‘Floodmobile’ tour highlighted that many people who live in an area considered ‘at risk’ of flooding hadn’t heard of Flood Re. The Government-backed flood insurance scheme is designed to support those living at risk of flooding access appropriate insurances for their homes, and several people we talked to during the tour didn’t know that they could obtain flood insurances. Mary Dhonau went to see Dermot Kehoe, Flood Re’s Communications and Transition Director, to find out a bit more about Flood Re and how it works. Property Flood Resilience in York York resident, Selena speaks about how flooding has affected her home and the range of different ways that they have adapted their property to make it more flood resilient. Dermot Kehoe speaks on the Business Reporter’s Sustainability Talks round table What others are saying about climate change Intergovernmental Panel on Climate Change (IPCC) report World Weather Attribution report RE:TV His Royal Highness The Prince Of Wales – inspiring innovations and ideas that point the way towards a sustainable future Environment Agency – living better with a changing climate #FloodReCop26 © Flood Re 2021. Flood Re Limited is registered in England and Wales (08670444). Flood Re is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and Financial Conduct Authority (FRN 706046) Use of cookies Privacy Policy Prevention of Modern Slavery and Human Trafficking policy We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKUse of cookies