Flood Re reports 20,000 Welsh properties ceded to the scheme

About 20,000 properties in Wales had been ceded to Flood Re in recent months as of February 2025, and 900 claims have been made in Wales to date, according to a Welsh Government consultation report published in November 2025¹.

The figures appear in "Flood Insurance, A Wales Perspective", a consultation report and set of resultant proposals from the Wales Flood and Coastal Erosion Committee¹. The report says the original consultation questions are now framed as proposals¹.

The report also sets out figures on the wider scheme and on flood insurance pricing. It says 500,000 UK homes have benefited from the partnership model's operation, and that 1,000 properties have been tracked across the UK from 2016; of the latter, in December 2024 all could get more than one quotation, and only a single property since 2021 has "briefly received no quotes"¹. It says quoted prices in high-flood-risk areas are 50 to 55 per cent higher than in lower-risk areas, and that a home in a high-flood-risk area with a flood claim typically sees a jump of about another 50 per cent, meaning such homes typically see prices 100 to 120 per cent higher than low-risk, no-claim properties¹.

On property flood resilience, the report says only 19 properties in Wales had taken up Build Back Better as of January 2025, out of close to 200 eligible claims, and that currently only about 30 per cent of properties offered Build Back Better are taking up the measures¹. It puts the average cost to repair a flooded home at now in excess of £70,000¹.

The report cites a UK poll of 3,300 people across the four nations by the British Red Cross, which found that of households flooded in the last five years, 56 per cent had contents insurance and 51 per cent had buildings insurance, compared with 75 per cent and 67 per cent respectively among households who had never been flooded¹. It also reports that nearly half, 48 per cent, of those who have experienced flooding in their home within the last five years say they have not seen any information about flooding in their area¹.

Why it matters for households

The 20,000 figure is a snapshot of Welsh properties ceded to Flood Re in the months before February 2025, and the 900 claims are those made in Wales to date¹. For households in high-flood-risk areas, the report records that quoted prices run 50 to 55 per cent above lower-risk areas, and that a prior flood claim typically adds about another 50 per cent on top, leaving such homes at prices 100 to 120 per cent higher than low-risk, no-claim properties¹. The repair cost figure given for a flooded home is now in excess of £70,000¹.

The report also records lower insurance take-up among households that have flooded: 56 per cent had contents cover and 51 per cent had buildings cover, against 75 per cent and 67 per cent among those never flooded¹. On storm and flood claims, the report notes that only 19 Welsh properties had taken up Build Back Better as of January 2025, out of close to 200 eligible claims, and that about 30 per cent of properties offered the measures take them up¹.

What happens next

The report is dated November 2025 and sets out summary proposals and potential routes forward¹. In September 2025 the Senedd's Climate Change, Environment and Infrastructure Committee published "The response to recent storms"¹.