1.0 FLOOD INSURANCE PENETRATION
Key Concept:
The aim of this question is to try to understand how different national flood insurance systems influence
insurance supply and demand and hence insurance availability and coverage (penetration).
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Q1.1) Do you have a view on the penetration rate of flood insurance in the UK, Germany, Belgium,
France or the European Union as a whole? Please provide any details or data to support your answer.
Q.1.2) Would product bundling with so-called ‘simple risks’ such as household fire insurance be an
acceptable way to extend flood insurance coverage? Is mandatory bundling appropriate?
Key Answers
Mandatory product bundling is quite restrictive and has competition and legitimacy issues if
policyholders are not consulted nor given a choice to opt in or out nor a choice of products? Are there
other appropriates ways to increase insurance coverage against flood risks?
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