’We are nearing the completion of the standardisation phase of our FPC roadmap and will start the pilot phase by the end of this year,’ says head
Plans for the introduction of Flood Performance Certificates (FPC) moved a step closer this week following publication of a major research project.
FPCs will provide householders with an assessment of their property’s resilience to flooding, which can accelerate household investment in adaptation.
Research published this week looked into a standardised data template for the systematic collection and documentation of household resilience and risk information.
Commissioned by Flood Re and conducted by resilience and flood risk specialist RAB Consultants in collaboration with claims service provider Sedgwick, the research said a ”consistent data collection template is a key step in creating a robust measurement of property-level flood performance and will enable the next essential stage to go ahead, piloting of the data framework”.
”The tiered assessment approach will make it possible for householders to input basic information, for a desktop assessment to be done for more complex cases or risks and a detailed/enhanced approach for the most complex cases or recent floods,” it added.
Pilot plans
The FPC will be piloted by the end of 2026, with a view to integrating with a discounted premium structure by 2028 and more widespread deployment in the years following.
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Flood Re believes FPCs are critical to driving the uptake of property flood resilience measures as insurance returns to risk-based pricing from 2039.
Jonathan Kassian, head of flood resilience at Flood Re, said: ”Flood Re is committed to the introduction of FPCs and the publication of these new guidelines marks a fundamental step towards that goal. FPCs have huge potential to help householders understand how to protect themselves from flooding, improving the resilience of the country’s housing stock and helping ensure flood insurance will remain accessible and available for households in the long-term.
”The measurement of a property’s resilience to flooding will give householders greater awareness of their home’s resilience and risk, add transparency to the market, and incentivise action.
”With the release of this data collection framework, we are nearing the completion of the standardisation phase of our FPC roadmap and will start the pilot phase by the end of this year. ”
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