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The British insurance Brokers\u2019 Association (BIBA) has launched it\u2019s 2025 Manifesto \u2018Partnering to deliver value\u2019.<\/p>\n
A key part of the Manifesto focuses on business resilience and keeping up with evolving risks. \u00a0A significant and growing risk for both personal and commercial customers, is flood, as highlighted by recent storms across the UK.<\/p>\n
Analysis by Aviva in January 2024 revealed that 8% of new homes (around 110,000) built in England in the last decade are in a flood zone. The Environment Agency stated that 6.3 million properties (homes and businesses) in England are in areas at risk of flooding from river, sea or surface water.<\/p>\n
There are also recent news reports suggesting in some areas SMEs don\u2019t even attempt to get cover because they believe either they can\u2019t get cover or can\u2019t afford what is offered. This has serious ramifications for the resilience of local and national economies and impacts local communities and high streets.<\/p>\n
Considering the Government\u2019s plans to build a further 1.5 million homes, relax planning laws to encourage more building, and speculation about the longevity of current flood defence spending, could all impact flood insurance capacity.<\/p>\n
Taking this on board, BIBA is committing to:<\/p>\n
It is essential that insurance against flood damage is available, and that people and businesses understand their risks and how to mitigate them.\u00a0 BIBA will be working with relevant bodies and stakeholders to achieve its commitments. BIBA CEO Graeme Trudgill said: \u201cIt is crucial that local flood authorities can deliver suitable flood protection for homes and businesses which is why one of our most important calls to action is for Government to commit to a long-term investment plan that delivers flood preparedness plans for years to come.<\/p>\n
\u201cThe Environment Agency predicts climate change could see 25% of properties in England be at risk of flooding from rivers, sea or surface water by the middle of the century. This issue must remain a political priority at all times and across all relevant authorities.\u201d<\/p>\n
Jason Storah, CEO UK & Ireland General Insurance, Aviva, added: \u201cAs weather patterns become more unpredictable, storms and floods are impacting homes and businesses, putting lives and livelihoods at risk.<\/p>\n
\u201cPlans to build new homes across the UK are welcomed, but it\u2019s vital they don\u2019t increase the risk of flooding for existing or new residents. Building new properties in flood zones not only puts new homes at risk. It puts additional pressure on already-strained flood defences and drainage systems which become overwhelmed in heavy downpours and increases the risk of flooding to existing homes in the immediate area.<\/p>\n
\u201cAs a significant investor in the UK, we agree it is essential to build more homes and planning reforms are an important first step. However, it is crucial that new homes are built in the right places and resilient to current and future flood risks.\u00a0 These aims are not mutually exclusive, and both must be achieved.\u201d<\/p>\n
Householders with flood risk looking for insurance can use the Flood Insurance Directory to find a specialist broker.\u00a0 The directory includes verified specialist insurance providers and is a collaboration between BIBA, the ABI Flood Re and DEFRA.<\/p>\n
The Directory is available at www.biba.org.uk\/flood-insurance-directory<\/a>. Alternatively, businesses can call BIBA\u2019s Find Insurance Service on 0370 950 1790<\/p>\n Visit the Manifesto microsite<\/a> or view a PDF\u00a0<\/a><\/p>\n \u00a0<\/strong>Notes to editors <\/strong><\/p>\n BIBA press office: Leighann Forsyth, Deputy Head of Communications BIBA\u2019s privacy policy can be viewed here<\/a><\/p>\n If you no longer want to receive press releases from BIBA please email the Comms<\/a> team.<\/p>\n <\/p>\n \u00a0<\/strong>The British Insurance Brokers\u2019 Association (BIBA) is the UK\u2019s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.<\/strong><\/p>\n BIBA membership includes around 1800 regulated firms, employing more than 120,000 people.<\/p>\n General insurance brokers contribute 1% of GDP to the UK economy; they arrange 77% of all general insurance with a premium totalling \u00a3105.5bn and 94% of all commercial insurance business.<\/p>\n Insurance brokers put their customers\u2019 interests first, providing advice, access to suitable insurance protection and risk management.<\/p>\n BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.<\/p>\n BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.<\/p>\n <\/p>\n The post BIBA Manifesto 2025: Tackling the evolving risk of flood<\/a> appeared first on BIBA<\/a>.<\/p>\n\n","protected":false},"excerpt":{"rendered":" The British insurance Brokers\u2019 Association (BIBA) has launched it\u2019s 2025 Manifesto \u2018Partnering to deliver value\u2019. A key part of the Manifesto focuses on business resilience and keeping up with evolving risks. \u00a0A significant and growing risk for both personal and commercial customers, is flood, as highlighted by recent storms across the UK. Analysis by Aviva […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[22554,22556,21480,6528,11115,22555],"dealstore":[],"offerexpiration":[],"class_list":["post-33897","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-biba","tag-evolving","tag-flood","tag-manifesto","tag-risk","tag-tackling"],"yoast_head":"\n\n
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\nPam Quinn, Head of Communications
\n07562 616686
\nquinnp@biba.org.uk<\/a><\/p>\n
\n07917 738727
\nforsythl@biba.org.uk<\/a><\/p>\n\n
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