The hidden impact: climate risk and property value loss - Is subsidence the next flood?

Climate change is reshaping UK property risk, with subsidence emerging as one of its most significant yet underestimated threats. Driven by shifts in temperature and moisture that alter soil elasticity, subsidence is increasing in frequency, making traditional “1-in-100 year” event assumptions unreliable. National climate stress models often miss the hyper-local patterns that drive real-world losses. Research by PriceHubble and MIAC Analytics has revealed previously hidden risk concentrations. Property-level analysis reveals clusters of vulnerability where worsening subsidence, climate trends and rising rebuild costs could make repair uneconomic. In some regions, projected rebuild costs are set to exceed market value within just two decades. Join Mark Cunningham, Managing Director, PriceHubble UK, and Darrel Welch, Managing Director, MIAC Analytics, to explore: - How property-level modelling provides more accurate assessment compared to national climate stress tests - The link between the long-term reduction in asset value and increasing insurance claims potential - Geographic patterns of subsidence risk and emerging “uninsurable” zones - Lessons for insurers from 20-year of risk assessment experience by banks - Practical steps for assessing your own exposure Key questions we’ll address - Where could future claims concentrate - and why? - When does the rebuild cost outweigh the property’s future value? - How can insurers use property-level valuation data to improve underwriting and portfolio management? - What early warning signs should pricing and risk teams monitor? Speakers: - Mark Cunningham, Managing Director, PriceHubble UK - Darrel Welch, Managing Director, MIAC Analytics UK Who should attend This webinar is designed for underwriters, pricing analysts, risk managers, sustainability leads and portfolio strategists working in UK general insurance and reinsurance, especially those managing property-heavy books.