Supporting your clients in a shifting risk landscape
As climate volatility continues to reshape the insurance landscape, property owners are feeling the pressure — and brokers are increasingly being called upon to offer more solutions, not just cover.
In 2024 alone, UK insurers paid out over £585 million in climate-related property damage, a record high driven by storms, flooding, and extreme weather events. For brokers, this has led to more complex placements, growing client concerns, and a market where underwriting is becoming inconsistent and frustrating for brokers.
At Bspoke Group, we’re working closely with our broker partners to help navigate this challenge head-on.
Now’s the time for specialist support
“Brokers are under real pressure to place risks in areas where the exposure is increasing — often through no fault of the policyholder,” says Wayne Tonge, Managing Director of Bspoke Commercial & Property Owners.
“It’s why we’ve built a proposition that gives brokers access to underwriters who understand the detail, not just the data.”
Understanding the New Risk Environment
Climate risks are no longer confined to coastal towns or riverside villages. Localised flooding, wind damage, and subsidence are now affecting a wider spread of UK properties — many of which were previously seen as low risk.
As a result, some insurers are tightening their appetites. But Bspoke Group is continuing to support brokers with:
- Access to A-rated capacity, even in challenging geographies
- A specialist underwriting team ready to review nuanced risks
- Appetite for residential, commercial, mixed-use property portfolios and unoccupied premises
- A strong focus on long-term broker relationships, not short-term quick wins
“We know brokers need fast answers, clear communication, and confidence that capacity will hold,” adds Wayne. “Our job is to offer that consistently — even as the environment changes.”
How Brokers Can Add Value Today
With many property owners questioning the future of insurability in their area, brokers have a critical role in supporting clients’ long-term protection. Bspoke’s message to brokers is simple: you’re not alone. We recommend:
✅ Starting renewals early in known climate-affected areas
✅ Highlighting resilience measures taken by the client — these matter
✅ Educating landlords and property managers about emerging risks
✅ Partnering with an MGA that has robust technology and sees the broker relationship as long-term
“We’re not just offering capacity — we’re offering perspective,” says Wayne. “We’ll work with brokers to shape placements that suit the risk, the client needs, and the market reality.”
Let’s Tackle Climate Risk Together
As climate risk moves from theory to lived experience, brokers need MGA partners who will respond with confidence, not caution. At the Bspoke Group, in addition to our digital plans we remain committed to delivering the specialist knowledge, capacity access, and people-first approach that brokers rely on.
To speak to the Bspoke Property Owners team or discuss a specific placement, get in touch today.