20 May, 2026
Allianz UK joins FloodAction Coalition
Allianz UK is strengthening its commitment to flood resilience and sustainable solutions, becoming the latest insurer to join the FloodAction Coalition.
In addition to becoming a member, the insurer’s Chief Claims Officer, Matt Cox, joins its steering committee, an appointment which underpins Allianz’s commitment to tackling the urgent challenges posed by flooding across the UK.
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.
By being appointed to the committee, Allianz UK is further demonstrating its commitment to sustainable practices and solutions within the insurance sector, by joining forces with other organisations to share data and insight. Allianz UK has previously called for greater oversight and scrutiny over the number of houses being built in high flood risk areas, and believes working together with property developers, insurers and Government – both nationally and locally – will help tackle the issue and develop a holistic approach for the long term.
For those who have been flooded but don’t qualify for the Build Back Better scheme, Allianz has also developed a brand new to market consumer flood report, providing high-level risk awareness and insight. Working with Ashfield Solutions, the UK’s leading Property Flood Resilience surveyors, the report will highlight emerging and ongoing property risks so that customers can understand how to better protect their homes in the future.
Matt Cox, Chief Claims Officer at Allianz UK comments:
“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."
“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.”
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.”
More than 7,000 new homes to be built in areas of high flood risk | Allianz Insurance
More information about the FloodAction Coalition: FloodAction Coalition - The Conduit
Media contact:
Natasha Gibbs: E-Mail: [email protected]
The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2025 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 770 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.0 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.
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** As of March 31, 2026.
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