FPCs key to driving property flood resilience, says Flood Re
Jonathan Kassian said: “Flood Performance Certificates (FPCs) have huge potential to help householders understand how to protect themselves from flooding."
Flood Re stated that Flood Performance Certificates (FPCs) are key to increasing take up of property flood resilience measures as insurance moves back to risk-based pricing from 2039.
This follows its research conducted by RAB Consultants in collaboration with Sedgwick, which found a standardised dataset and assessment framework for FPCs, combining property characteristics, flood hazard and existing property flood resilience measures.
The data collection template will allow for robust measurement of property-level flood performance and will support the next stage, which is piloting the framework.
The tiered assessment will let householders input basic information, allow desktop assessments for more complex cases, and provide detailed assessments for the most complex cases or properties affected by recent floods.
The pilot will begin by the end of 2026, with plans to integrate with a discounted premium structure by 2028 and wider deployment after that.
The aim is for FPCs to be accepted in the market well before Flood Re leaves the insurance market in 2039.
Jonathan Kassian, head of flood resilience at Flood Re, said: “Flood Re is committed to the introduction of Flood Performance Certificates, 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.”
Kassian added: “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.”
Russell Burton, managing director at RAB Consultants, said: “Our research has shown that FPCs have the potential to transform how we recognise and reward flood resilience at property level.
“By setting out a consistent way to capture property-level flood risk and resilience information, we can help move the conversation from simply understanding flood risk to actively recognising and rewarding the steps people take to reduce it.
“That has the potential to support greater uptake of property flood resilience measures, strengthen confidence in Build Back Better, and help create a more resilient housing market as flood insurance moves towards risk-based pricing.”
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