FAIR Plans: Myths, Facts and Innovation

Presenters: Tammy Nichols Schwartz, CPCU

July 22, at 2 p.m. ET

This webinar is designed for those who want to deepen their understanding of FAIR Plan Associations and their evolving role in today's insurance landscape. Guidewire’s Senior Director of Analytics, Tammy Nichols Schwartz, will highlight the strategic opportunities and operational realities within FAIR plans. This engaging session cuts through widespread industry misconceptions about FAIR plans while revealing how these critical market mechanisms manage secondary risks for properties exposed to riots, wildfires, hurricanes, and other perils the admitted market won't touch. Don't miss this opportunity to gain insider perspectives on how FAIR plans can revolutionize risk-based pricing and leverage data analytics to strengthen the entire insurance ecosystem.

Key Takeaways:

  • Clarify common misconceptions about FAIR plan funding, structure, and regulatory requirements that influence industry decision-making
  • Examine FAIR plan underwriting practices and discover how selectivity standards impact access to admitted markets
  • Understand the critical importance of sophisticated risk-based pricing models in preventing cross-subsidization and maintaining market equity
  • Identify data-sharing strategies that FAIR plans can implement to accelerate industry-wide improvements in risk assessment capabilities
  • Illustrate FAIR plans' unique opportunity to lead insurance innovation by leveraging their position as holders of critical loss and exposure data

Special thanks to Guidewire, one of the CPCU Society’s annual partners, for their generous support and for sponsoring this webinar.

 


 

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Tammy Nichols Schwartz, CPCU

Senior Director of Analytics

Guidewire
 

Tammy Nichols Schwartz, CPCU, is a seasoned insurance executive with over 25 years of experience in underwriting, actuarial science, and analytics. She currently leads insurance advisory and analytics initiatives at HazardHub, where her work plays a critical role in helping insurers navigate the growing threat of wildfires across California and the western U.S. Previously, Tammy served as an executive at the California FAIR Plan, gaining firsthand insight into the challenges of insuring high-risk properties. She remains actively engaged in discussions about the FAIR Plan's evolving role and its impact on the broader insurance market. A recognized thought leader, Tammy frequently contributes to industry publications and forums, advocating for data-driven solutions to climate-related risks. Her expertise bridges the gap between complex risk modeling and practical insurance applications, promoting resilience and innovation in the face of climate change.