The delegation will go to Miami, Washington and New York. Along with Flood Re, the delegation consists of representatives from the insurance coverage and broking sector.
“The Enterprise of Resilience mission will present Flood Re with a well timed alternative to share our internationally regarded method to growing a resilient flood insurance coverage market and to advertise our groundbreaking work on adaptability by way of the Construct Again Higher Initiative,” mentioned Dermott Kehoe, communications and transition director at Flood Re.
The Construct Again Higher Initiative, launched in April of final 12 months, has gained help from 64% of the UK’s residential property insurance coverage market, Flood Re mentioned. This system permits collaborating insurers to supply related clients entry to reimbursement prices of as much as £10,000 (about $12,264) to spend money on property-level flood resilience measures, along with the work performed to restore injury brought on by a flood.
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“This mission displays the worldwide nature of the challenges round flood and the necessity for worldwide collaboration and sharing of greatest follow,” mentioned Andy Bord, CEO of Flood Re. “It additionally acknowledges the success Flood Re has needed to date, underlining that by putting resilience on the coronary heart of housing and constructing coverage, it’s doable to scale back house owners’ vulnerability to excessive climate occasions and assist communities reap the advantages of a secure, better-planned constructed surroundings.”
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