Analysis

‘More to be done’ by insurance industry alongside government’s ‘ambitious’ flood investment plan

By 2021-08-03T10:54:00

flooded living room

Following the publication of the government’s Flood and Coastal Erosion Investment Plan last month, industry commentators explain what the report might mean for the insurance sector

There is “more to be done” by the insurance industry in conjunction with the UK government’s plan to invest £5.2bn over six years to better protect UK businesses and homes from flooding and coastal erosion. 

This is according to Zurich’s policy and public affairs manager Joseph Priestley, who highlighted that any investment by the government to tackle flood risks needs to be part of a wider portfolio of solutions.

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