Tag Archives: Axa Home Insurance

Over £1 Billion Per Annum Saved By UK Inland Flood Defences

Some interesting research has been carried out relating to the amount that is estimated is being saved in flood damage here in the UK due to the inland flood defences that have been put in place over the years.  The research was carried out by Risk Management Solutions (RMS) on behalf of Flood Re.

The research took into account many thousands of weather event simulations so an awful lot of work has obviously gone into producing the information. The research took into account the situation both without and with flood defences.

You may be surprised at just how much flood damage could be caused inland such as due to rivers breaking their banks. Apparently, it is estimated that with flood defences in place the cost of water damage could amount to around £0.7 billion. However, without flood defences in-situ it is estimated that the cost of damage caused by water could be in the region of £1.8 billion.

That is a huge potential saving of around £1.1 billion as a result of having inland flood defences in place.

An example of the benefit of having flood defences in place can be found in Bewdley, Worcestershire. This small, picturesque Georgian town has the River Severn running through it. For many years, on occasions, the river burst its banks and a significant number of homes and businesses running along the side of the river were flooded causing a great deal of flood damage to buildings and their contents as well as much heartache for the owners of those properties. That was until a few years ago when flood barrier defences were strategically put in place along the side of the river. Since then, there has not been a significant problem with flooding in that location.

Owners of properties within flood risk areas of the UK are likely to be charged more for their buildings cover so it may be a good idea to shop around. In that respect, why not get in touch with us here at AIB Insurance on 02380 268 351 and discuss your requirements with an experienced member of our team who will do all that he or she can to help source suitable, competitive, quality home insurance to cover both your buildings and any contents.

Axa Insurance Added To Existing Panel

It is with great pride that we have pleasure in announcing that AXA Insurance has recently joined our list of reputable insurers that we have partnered with thus further strengthening the panel significantly. As a result, we will be able to provide our customers with an even greater choice of products that can only prove positive to them. We look forward to a long and prosperous relationship both from our clients’, AXA’s and our perspectives.

The company was founded back in France in 1816 as Mutuelle de L’assurance contre L’incendie and changed its name to AXA in 1985. It has grown to become one of the largest insurance companies in the world employing in excess of 170,000 people in 55 countries with 67 million clients. It is also involved in wealth management providing a range of investment products.Axa Insurance

Here in the UK, it trades under various names such as AXA Sun Life, AXA Insurance, AXA PPP Healthcare and AXA Investment Managers. AXA Insurance arranges a vast selection of both personal and commercial insurance products being the UK’s number one underwriter for travel insurance, number three underwriter for commercial insurance and pet insurance and number seven underwriter for home insurance.

AXA is renowned for the quality of its innovative products that are also competitively priced. These are extremely important factors from our valued customers’ points of views. Their level of customer service at both point of sale and in the unfortunate event of a claim needing to be made is outstanding.

Here at AIB Insurance, we shall no doubt utilize AXA on many occasions when arranging insurance for the likes of travel, home, commercial, motor, commercial vehicle and liability cover.

For more information about AXA why not visit their website at www.axa.co.uk where you can find out even more about them.