Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, if she will review the 25-year period for Flood Re.

Flood Re will end in 2039. Flood Re have a statutory purpose to manage the transition to risk-reflective pricing of flood insurance for household premises between 2016 and 2039. Flood Re will lead on actions and support others to undertake actions during this period to support the insurance market to transition within this period. Flood Re will publish their next Transition Plan, outlining its progress and action on moving to affordable risk-reflective pricing by 2039 this summer.