"Research by Zurich has revealed that two-fifths of London businesses are at risk of being hit by flash floods as heavy rainfall is predicted to hit the capital. Parts of London are already experiencing flash flooding after this week’s thunderstorms, with more rainfall forecast in the coming days and weeks. Zurich’s research has shown that flooding from torrential rain threatens 42% of the capital’s 301,000 commercial buildings, while nearly half of London’s 33,200 basements in commercial use are at risk of flooding.”

(Insurance Age - August 2022)

"A quarter of UK properties are at risk of flood, according to a new flood model released by JBA Risk Management. The model also estimated that floods could cost UK residential properties £527 million, and that figure could rise to £1.9 billion without flood defences."

(Insurance Business UK - February 2022)

“In a joint report, the ABI and Flood Re underline the importance of maintaining flood defences

Flooding is the ”greatest natural disaster” risk in the UK, with losses suggested at around £958m a year minus defences, according to a joint report from the Association of British Insurers (ABI) and Flood Re, published today (16 June 2021).”

(Insurance Times - June 2021)