European Commission approves Flood Re

European commission

Scheme is one step closer to reality after the Commission decided it is compatible with EU state aid rules.

The European Commission has approved Flood Re - the UK's state run flood insurance scheme which is set to be funded by an industry-wide levy.

The Commission had feared that the scheme may confer an economic advantage to the pool over its competitors and involve state aid.

However, the Commission concluded that the scheme is compatible with EU state aid rules, because such insurance cover might not otherwise be sufficiently available on the private market, and the scheme remedies the market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: