Dr. Swenja Surminski:

That is a concern. We need to keep in mind that flood insurance is not provided here as a stand-alone product. It is usually tied in with other insurance products. One does not go out and buy flood insurance. It is usually part of an insurance package. That is what makes it attractive for private insurance companies to provide it. If it were a stand-alone product, I doubt whether the private insurance industry would be writing it or would be very interested in it. I always say that the industry does not make money on flood insurance alone so it is the high-risk end, as Deputy Tóibín says. The industry makes it affordable and commercially viable by linking it to other insurance products it sells such as home insurance.