Flood Re, the replacement for the Statement of Principles – which was the government’s agreement with the insurance industry to ensure affordable flood insurance is available to households – is due to be introduced in the summer of 2015.
Editor Stephanie Denton in conversation with Tom Woolgrove, interim chief executive of Flood Re
However, debate still continues around the scheme's exclusions and its implementation – so interim chief executive Tom Woolgrove spoke to Post editor Stephanie Denton about the timetable for Flood Re's implementation, its reinsurance arrangements, the contentious exclusions and what next after Flood Re.
Read about the other videos in the Claims edition:
Association of British Insurers' property, fraud and specialty lines head Aidan Kerr on the problem of fraud in the insurance sector.
Absolute Partnership's technical director Colin Hawes discusses The Claims Portal.
Sarah Mallaby, head of motor claims at Allianz Insurance, on whiplash.
Gary Hindley, insurance services manager at Signet, reveals the intricacies of emotive jewellery claims.
David Bingham, chair of the British Association of Rehabilitation Companies, debates the value on dispensing with low-value personal injury payouts in favour of pure rehabilitation.
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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