AGENDA & TOPICS

A FORECAST: THE FUTURE OF FLOOD INSURANCE

Hurricanes Harvey and Irma have racked up billions in damages. With pending legislative and regulatory changes providing further complexity, industry leaders and analysts share predictions on how the flood insurance market place may change the role of the private industry moving forward.

  • Will private insurers be hesitant to write flood coverage, after Harvey and Irma?
  • Will proposed NFIP reform legislation open up new opportunities for private flood insurance?
  • How will risk-sharing define the future federal role in providing flood coverage?
  • Challenges insurers will face in writing and managing more flood coverage
  • Necessary conditions to keep flood insurance moving forward and out of debt
  • How can we expect the flood market to change in the next three years?
  • Can the private market really take the place of the NFIP? If so, how long will the transition take?

PROVIDER PANEL: CLOSING THE GAP THROUGH EMERGING PRODUCTS

A panel of experts will explore how the expanding private market is meeting the unique needs of insureds within an intricate and evolving flood landscape.

  • In what circumstances does the private flood market provide better coverage?
  • What private flood products will be released in the coming year?
  • How will future products better address the needs of clients?
  • In what way will risks be shared among reinsurers and carriers?
  • How will the market expansion impact rating and pricing?

MANAGING COMPLEX FLOOD CLAIMS – LESSONS FROM HARVEY AND IRMA

There have been close to 60 billion dollars in claims reported after the recent Hurricane Harvey and Irma. Hear from leading insurers on how they’re handling recent complex claims and their risk and claim management strategies for moving forward.

  • A look at FEMA's new flood claims process & renewal grace period extension
  • Post hurricane Harvey and Irma – what is FEMA doing to ensure continuous flood insurance coverage for current NFIP policyholders affected by the storm
  • How can leading insurers respond to increased flood events with more comprehensive policies moving forward?
  • The effects of flood zone, house characteristics, individual and collective mitigation on claim management
  • Claims involving Repetitive Loss Properties (RPL), Severe Repetitive Loss Properties (SRLP), Multiple-peril policy

FLOOD RISK ASSESSMENT, HAZARD MANAGEMENT AND MODELING SOLUTIONS

Hear from a leading risk modeling firm as they present critical updates on flood risk assessment and modeling in a post-reauthorization market.

  • How can better risk communication both sell more flood insurance and also help insureds understand how to risk mitigate to prevent future flood losses?
  • The impact of climate change and rising sea levels on flood risk modeling and the coastal markets for flood insurance
  • Comprehensive flood risk assessments –How they can help identify flood risk properties, even in FEMA X zones

REAUTHORIZATION OF THE NFIP - WHAT WILL IT MEAN FOR THE INSURANCE INDUSTRY?

Flood insurance will continue to present significant growth opportunities for private carriers after the reauthorization of the NFIP on September 30, 2017. This panel will explore the potential opportunities and challenges presented by the reauthorization for the private market.

  • What will the NFIP re-authorization transition plan look like?
  • What immediate changes can we expect to see?
  • How will the re-authorization impact carriers, underwriters, capital markets and reinsurers?
  • What market growth can we expect for the foreseeable future?
  • Tools for how we can be prepared

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2017 EVENT PARTNERS INCLUDE:

SILVER PARTNERS

CATcoverage FoFloodsummit-Sponsor

NCIP-Logo

Merlinos-Associates

TFIA FoFloodsummit-Sponsor

Munich-RE

GRIDIRON FoFloodsummit-Sponsor

Net-Rate

catrisk coastal-risk-consulting

OFFICIAL PUBLICATION

Insurance-Business 2017

RESEARCHED BY

flood-summit kmi

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Key Media Inc.

MEGAN ROTH
National Sales Manager - Events & Conferences
T: 303.800.4370
E: megan.roth@keymedia.com

Registration hotline: 303.800.4370

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