Casualty Actuarial Society

A Watershed Moment: Private Flood Insurance Is Here Webinar

A Watershed Moment: Private Flood Insurance is Here

April 5, 2018
12:00 - 1:30 ET

Note: Registration form is best viewed in Internet Explorer.

When registering for this event online, please select your reg type to see the event fees available.


If you prefer to pay by check, please download a printable registration form.


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, 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. Private insurers are rising to this challenge by developing new products, underwriting rules and rate structures allowing them to write the flood risk profitably. Some of the rate structures are derivatives of the NFIP approach, but others are innovative and capture the complexity and granularity of the flood peril. To utilize the new cat models and GIS data to their full extent, and compete effectively in a growing market, actuaries should be familiar with various types of rate structures, the data and tools needed to develop them, and the advantages and disadvantages of the different approaches. 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 quantify the size, profitability, and competitiveness of specific market segments. Session attendees will leave with an in-depth understanding of the current forces underlying the demand for private flood insurance, a variety of options to enter the market, specific steps that can be taken to evaluate these options, and considerations that would affect an insurer’s critical decisions.

Please note that audio for this presentation will be streamed via WebTalk. The WebTalk platform supports computers, smart phones and tablets including, iPhones, iPads and flash-enabled Androids. In order to join the webinar in a timely manner, please be sure to prepare your computer in advance of the presentation per the system requirements and instructions (TEST YOUR COMPUTER). Group registrants are encouraged to work with their IT departments to insure that the presentation and the presentation’s audio can be streamed through a computer.


The opinions expressed by speakers at this event are their own and do not necessarily reflect the opinions of the CAS.

Intended Audience:

This webinar will be of interest to all CAS members, and of special interest to actuaries who work in the following areas, Catastrophes, Planning – Strategic and Financial, Reinsurance, Reserving, Risk and Capital Management.


Matt Chamberlain is a Principal and Consulting Actuary with Milliman. Matt is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. He is a property insurance specialist with 15 years of experience in the insurance industry, who leads the innovation research within the Milliman – San Francisco practice on the use of catastrophe models and geographic information systems (GIS) data. Prior to working at Milliman, Matt was Senior Actuary at Geovera, a niche insurer specializing in catastrophe-exposed property risk. At Milliman, Matt focuses primarily on developing sophisticated rating plans for clients writing Homeowners and related lines, mostly in the southeastern United States. Matt has developed innovative rate structures for property insurers, including underwriting and rating plans for storm surge and flood, using a variety of catastrophe models. He has written articles on territorial ratemaking for the hurricane peril (published in Insight and Insurance Journal). He has written an article on Flood insurance published by A.M. Best’s Review. He has also presented on property and territorial ratemaking at numerous industry and actuarial conferences.

Registration Information and Fees

Note: Registration form is best viewed in Internet Explorer.

When registering for this event online, please select your reg type to see the event fees available.


If you prefer to pay by check, please download a printable registration form.

Registration Fees (in U.S. Dollars)

Received on/by
March 29, 2018

Received after
March 29, 2018




(more than one person using the same internet connection)



Multiple Connections*
(Unlimited internet connections for individuals working for the same company. Please note that audio for this presentation will be streamed via the web)



*Group Registrations and Multiple Connection Registrations may provide a list of attendees up to two weeks post event to the CAS via email,, and CAS will note attendance for all member participants in their member record. The registering party for the Multiple Connection Registration will be responsible for distributing all event details to attending individuals within their company.


Registrations fees will be refunded for cancellations received in writing at the CAS Office via fax, 703-276-3108, or email,, by March 29, 2018 less a $25 processing fee.

CAS Continuing Education Policy

The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide Actuarial Services. Actuarial Services are defined in the CAS Code of Professional Conduct as “professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings or opinions based upon actuarial considerations.” Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy. For further information regarding the CAS Continuing Education Policy please visit the CAS web site.

CAS Webinars may qualify for up to 1.8* CE Credits for CAS members. Participants should claim credit commensurate with the extent of their participation in the activity. CAS members earn 1 CE Credit per 50 minutes of educational session time, not to include breaks and/or lunch.

*The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the Casualty Actuarial Society.

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