BIBA broker's guide to Flood Re

Flood Re is one of the most significant innovations ever to be introduced into the home insurance market. This means it should be part of your strategic thinking, and has the potential to offer significant advantages to those in the insurance market who are ready for its launch targeted for April 2016. For customers living in flood risk areas the benefits will be considerable as they will be able to access a more competitive and affordable home insurance market place.

This two page guide outlines how different types of brokers can interact with Flood Re with a summary diagram overleaf.

Topics covered:
• Brokers using a software house.
• Brokers with bespoke operating systems.
• Brokers who have claims and underwriting delegated authority.
• Brokers who need to on-board.
• Communicating with your customers.