Defra - Department for Environment, Food and Rural Affairs.

Science Search

Science and Research Projects

Return to Science Search homepage   Return to Project List

Affordability and availability of flood insurance for households and small businesses - FD2705

Description
This study represents the third study in a series of projects commissioned by Defra to assess the affordability and availability of flood insurance. The sequence of previous work is as follows:
- Baseline study 2013 (FD2669) : a baseline study of households which assessed existing levels of availability and affordability of flood insurance for households. Fieldwork took place Aug/Sept 2013
- Updated baseline study 2014 (FD2688) : an updated baseline study which assessed levels of availability and affordability of flood insurance for households, and availability of flood insurance for small businesses. Fieldwork took place in autumn - winter 2014.

This project is the continuation of this series and is the first project to be commissioned following the launch of Flood Re in April 2016.

It will assess the current situation concerning availability and affordability of insurance, and enable an analysis of trends in these issues by drawing on the baseline studies.

The aims of the project therefore are to:

- Assess the current affordability and availability of flood insurance for households and small businesses at risk of flooding compared to those at low/no risk
- Analyse trends in affordability and availability of flood insurance following the introduction of Flood Re

Project Objectives
The project objectives are to:

- Provide an update to the baseline studies of the affordability and availability of insurance premiums for households and small businesses
- Understand the impact of the introduction of Flood Re on affordability and availability of insurance
- Identify and test a methodology that can be used in future follow-up studies

This project is being commissioned as a one-off project. However we expect to commission follow-up studies at regular intervals in future years to enable a continuing assessment of affordability and availability of insurance over time. There are differences in the methods used in the baseline studies so a key objective of this study is to confirm a method that is robust and replicable to be used in future studies.
.
Objective
.
Project Documents
• FRP - Final Report : Availability and affordability of insurance for households   (2257k)
• FRP - Final Report : Availability of insurance for small businesses   (857k)
Time-Scale and Cost
From: 2017

To: 2018

Cost: £40,470
Contractor / Funded Organisations
BMG Research
Keywords
Flood Management              
Fields of Study
Flood and Coastal Erosion Risk Management