Allianz UK, part of the financial services group Allianz SE, has joined the FloodAction Coalition, a move that reflects its commitment to flood resilience and sustainable solutions.
The FloodAction Coalition is designed to bring together insurers, landowners, and investors to create a £1 billion market for water resilience by 2028.
To achieve this, the coalition aims to turn nature-based solutions into scalable, investable infrastructure for a climate-resilient future.
In addition to becoming a member, Allianz UK’s Chief Claims Officer, Matt Cox, has joined the Coalition’s steering committee, an appointment which reinforces Allianz’s dedication to addressing the pressing issues of UK flooding.
By being appointed to the committee, Allianz UK reinforces its dedication to sustainable insurance practices through collaborative data sharing.
The company continues to advocate for stricter oversight of developments in high-risk flood zones and promotes a unified, long-term strategy involving developers and the government.
Cox commented: “Flooding remains one of the most pressing environmental threats facing communities across the UK. As well as being a traumatic experience for individuals and families whose homes and businesses are damaged, flooding impacts local infrastructure and economies and the clean-up and repair gives rise to a significant environmental cost.”
He continued: “I’m looking forward to becoming part of the FloodAction Coalition, to demonstrate the value of insurers and representing the industry’s collaborative fight against flooding. By working alongside other insurers, policymakers, and local stakeholders we can look to develop practical solutions and drive meaningful change.
“Together, we can advance sustainable strategies, support natural flood management, and help build a future where homes and lives are safer from flood risk to protect consumers.”
Additionally, Allianz and Ashfield Solutions have launched a consumer flood report for those that do not qualify for the Building Back Better scheme. This new tool provides risk insights and property-specific awareness to help customers enhance their future flood protection.
Paul van Zyl, co-founder at The Conduit which convenes The FloodAction Coalition said: “Welcoming Allianz UK to the FloodAction Coalition reflects the growing momentum behind building a functioning market for water resilience. Insurers are central to this transition. They see the risks first, and increasingly, they understand the opportunity to reshape them. By bringing together insurers, land, capital and policy, the Coalition is focused on turning fragmented activity into coordinated, catchment-scale delivery that can protect communities while unlocking long-term investment.
“Furthermore, grey infrastructure alone cannot deliver the level of flood risk reduction now required. Integrating nature-based solutions alongside traditional defences can improve effectiveness, reduce costs, and accelerate delivery, particularly when implemented at catchment scale.”
