A Watershed Moment: Private Flood Insurance Is Here

May 23

A Watershed Moment: Private Flood Insurance Is Here

May 23 2017 - May 23 2017

As a CPCU Society member, you can access this webinar.

This webinar is presented by the CPCU Society and the Personal Lines Interest Group.

A Watershed Moment: Private Flood Insurance is Here

Tuesday, May 23, 2017  2:00 pm Eastern

What it’s about:

The National Flood Insurance Program (NFIP) has historically been the main vehicle for personal flood insurance in the United States. Most homeowners policies do not cover flood claims, and the vast majority of homeowners are not covered by flood insurance. Until recently, the prevailing wisdom in the insurance industry has been that flood is an uninsurable peril. 

In just the past few years, a number of forces are aligning to make flood insurance much more attractive to the private market. Consumers and real estate professionals are demanding choices beyond those offered by the NFIP, and legislators and regulators are attempting to encourage insurers to cover flood risk. Reinsurers are eager to provide capacity, and catastrophe models and geographic information systems (GIS) data have advanced to the point that flood risk can be managed similarly to other catastrophic perils.

As the NFIP remains a significant force in the market, an understanding of how private insurance prices compare to those of the NFIP is imperative in order to assess the feasibility of entering the flood arena. Use of market baskets, catastrophe models and publicly available data allows insurers to quickly assess market opportunities. This session will present a market case study that will give participants a comprehensive and innovative approach to quantifying the size, profitability, and competitiveness of specific market segments.

At the conclusion of this webinar, the active participant will understand:

  • The factors driving the demand for a private flood market
  • How to identify types of rating plans, pros and cons of each, and how to construct them
  • How to construct a market feasibility study to quickly assess flood market opportunities


Individual Pricing:

CPCU Society members: FREE
Nonmembers: $79

Group Pricing (Unlimited Participants at One Location):

CPCU Society members: FREE
Nonmembers: $189

Non-CPCU Society Members: To purchase this recorded webinar, please contact MemberResources@theinstitutes.org

Continuing Education for CPCUs

CPCUs who attend will be awarded one credit hour towards the CE for CPCUs program. Learn more about Continuing Education for CPCUs here.



Matt Chamberlain

Matt is a principal and consulting actuary with the Property and Casualty practice in Milliman's San Francisco office. He joined the firm in 2011. Matt's experience is primarily in personal lines property and casualty insurance.

His past experience has included evaluating existing rating plans and optimizing them subject to business constraints, improving the loss ratio of underperforming books of business, and evaluating companies' competitive position. His specialty is pricing for natural catastrophes and in using advanced analytical techniques for small companies with a limited volume of data.




Nancy Watkins

Nancy is a principal and consulting actuary with the Property and Casualty practice in Milliman's San Francisco office. She co-manages an actuarial consulting practice that specializes in property insurance and predictive modeling. She joined the firm in 1997. 

Nancy's consulting engagements include pricing and product development, predictive modeling, target marketing analysis, competitive rate analysis, use of catastrophe models and third party data, loss reserve analysis and certification, litigation support, reinsurance commutation support, software development support and market analysis, mergers and acquisitions support, and expert witness testimony. Her clients include domestic and international insurance and reinsurance companies, virtual insurance companies, insurance software developers, self-insured companies, managing general agencies, venture capitalists, governmental entities, and attorneys.

Webinar Additional Information

When will I receive the log in link for the live webinar?

The login link for each live webinar will be sent by email 24 hours prior and again 1 hour prior to the live webinar.

I registered last minute or lost my log in link, can I still join the webinar?

If you are registering for a webinar less than 1 hour before the webinar is scheduled to begin or if you have lost your log in link, please email webinar@cpcusociety.org and staff will respond immediately with the log in link.

How long are CPCU Society webinars?

One hour, on average.

Can I view a recording of the webinar if I missed the live event?

Yes. If you have registered for the live webinar, you will receive the recording by email once the webinar has concluded. You can also watch past recorded webinars in the CPCU Society Knowledge Center.

What webinar platform does the CPCU Society use?

The CPCU Society uses Cisco WebEx for all webinar presentations. Please take a moment to ensure your system's compatibility with Webex using the link below. Test WebEx on your computer: http://www.webex.com/test-meeting.html

How do I report my CE for CPCUs credit?

Webinars count for 1 hour of CE for CPCUs credit. Your credit will be automatically reported with your registration for a live webinar. You can also earn CE for CPCUs credit by viewing recorded webinars though the Knowledge Center. All webinars watched in the Knowledge Center will be automatically reported for 1 credit.

Are CPCU Society webinars approved for state licensure CE?

At this time none of the webinars are approved for CE in any state.


View All Webinar FAQs