Analysis

Briefing: Continued flood risk brings possible property protection gap to the forefront

By 2025-02-20T09:00:00

Kelly Ogley column headshot

A new protection gap between insured and uninsured property losses, driven by flooding in the UK, means it is more important than ever for brokers to be proactive when supporting clients

According to February 2025 statistics published by the ABI, insurers reportedly paid out £585m for weather related claims in 2024, with the number of named storms increasing to 12 during the 2023 to 2024 storm season.

By 2065, will the sector simply have pulled the plug on certain property insurance offerings?

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