As Flood RE celebrates its first anniversary today, research shows that the scheme is proving a success among insurers and insureds alike, according to research carried out by Flood RE. 

Property owners who previously struggled to obtain affordable cover now have a choice of insurance providers, showing light at the end of the tunnel for those affected in flood prone areas. 

Our previous article "Flood RE: One Year On..." looked at Mark Hoban's (Chair of Flood RE) perspective on the development of the scheme, where he addressed factors contributing to its potential future success. With these in mind, based on its first year in operation and results announced today, I can only see this scheme becoming more integrated within the market as time goes on and more parties become involved, leading to a successful future.