Joint ABI and Flood Re report highlights UK flood risks and need for maintenance of defences

Published: Tuesday, 22 June 2021 08:20

A joint report published by the Association of British Insurers (ABI) and Flood Re highlights the vital need to maintain the UK’s flood defences in good condition. Flooding is the greatest natural disaster risk in the UK and is rising with six of the ten wettest years on record occurring since 1998.

The report, ‘Modelling the Impact of Spending on Defence Maintenance on Flood Losses’, was carried out by flood risk specialists JBA Risk Management. JBA evaluated the benefits of maintaining flood defences over a 30-year period for several different spending scenarios.

Key findings from the research highlight that:

While this report focuses on flood defences and the important role they play in reducing the impact of flooding, with the country’s surface water flood risk increasing it is important to ensure that other flood risk management measures, such as clearing culverts, are also funded appropriately.

More details (PDF).