Matt Nielsen

Senior Director, Global Governmental & Regulatory Affairs @RMS

[Daniel Stander @StanderDI]

@eyee5 @_ALIDE_ @100ResCities @david_j_p @quitoresilient @RosemaryOHara14 @MiamiMayor @Zilient @HelenClarkNZ @ScheuerJo @DFID_UK @BMZ_Bund @InsuResilience @giz_gmbh @KfW @UNEP_FI @InsDevForum @c40cities @ICLEI_ResCities @BuildChange @Berkmic @RMS @DFID_Press @The_Institutes @KfWpress @B_meaningful @CNNImpact @SCCVonline @MillerSocent @ThaneKreiner @HoryouTeam @ethexuk @HuffPostImpact @Sorenson_Impact @Forbes @DIE_GDI @SEIclimate @UN_Water @NewClimateEcon @newclimateinst @WTWcsp @SDGaction @ndcpartnership @WorldBankWater @WBG_Cities @DenisDuverne @Zachary #JustInTime politics: @BillCassidy + @SenJohnKennedy secure 86-12 vote.
#Senate sends short #NFIP extension to @realDonaldTrump for signature.
What chance #Congress aligns on long-term #flood bill within this latest four-month window? #ResilienceFinance

[Matt Nielsen @MattN_RMS]

It's going to be a great event! https://t.co/OxswuFcLjB

[Daniel Stander @StanderDI]

Looking forward to a productive few days in #Miami with @FrancisSuarez, @DanGelber, @MayorGimenez, @BeamFurr, @DLCAVA, @ResilientJane, @NickShf, @rath_resilience, @MiamiBeachBiz, @rosengonzalez, @MichaelGongora, @FloodPolicyWonk, @CityofMiami, @Resilient305, @cliffroberti https://t.co/cD9rU9onEK

[Matt Nielsen @MattN_RMS]

In Oldwick, New Jersey today giving @AMBestRatings a re-up on using @RMS analytics to ensure companies aren’t allocating too much capital to the wrong bets. As @standerDI says, “Models Make Markets”. #ResilienceFinance

[Matt Nielsen @MattN_RMS]

The tools available for risk selection are rapidly improving. Keep finding ways to identify risks that can be taken in to the private market from NFIP. Keep offering innovative policies that fit homeowner needs #PC360Flood #RMSFlood https://t.co/tSwfvfYq3P

[Matt Nielsen @MattN_RMS]

Thanks all for the great questions and the stimulating conversation! Let's keep pushing forward on flood! #PC360Flood #RMSFlood https://t.co/4RzcwAwrEc

[PropertyCasualty360 @PC_360]

Thanks, all, for participating in the #PC360Flood chat! Please continue to follow the #PC360Flood and #RMSFlood hashtags to continue the conversation going forward!

[Matt Nielsen @MattN_RMS]

A10: Flexibility in policies is something the private market can do that the NFIP can't. Now is the time to use customer feedback to develop custom flood products #PC360Flood #RMSFlood https://t.co/KySpzPVY4H

[PropertyCasualty360 @PC_360]

LAST QUESTION: How can agents and property owners respond to individual risk and lifestyle needs? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

@NCIPtweets Glad to hear that! My quote on small number comes from the meetings I've had with state insurance regulators...maybe they are underplaying the size of the market! #PC360Flood #RMSFlood https://t.co/YtIo25M2we

[Craig Poulton @NCIPtweets]

@MattN_RMS @AskTim Under our private program, we write policies in all 50 states, all state regulators accept our policy form. We are write more premium in one state than the NFIP. ?"some" "small number"? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

@AskTim Absolutely! There are three other coverages created by the Florida Legislature, one of which is "preferred" that looks at coverages beyond NFIP. That will certainly be a game changer! #PC360 #RMSFlood https://t.co/PTsDlCLRLk

[Tim Dodge @CoverageGeekTim]

@MattN_RMS What about coverages NFIP doesn't provide, like time element, property in basements, RC, etc.? Do you see private carriers offering those? I think that could be a game changer. #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

@AskTim Florida tried to solve this problem by creating a "standard" policy which is, by definition, an NFIP-equivalent policy. We need more of this! #PC360Flood #RMSFlood https://t.co/DU4D1fJ2qq

[Tim Dodge @CoverageGeekTim]

@SwissRe @PC_360 But are regulated lenders willing to accept private market flood policies? And are state insurance regulators approving them? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

@AskTim Some states do have carriers willing to write private policies, and regulators have mostly let these go through (e.g. Nevada, Florida). The issue is that we are talking about a small number of policies today...what happens when the market matures? #PC360Flood #RMSFlood https://t.co/DU4D1fJ2qq

[Tim Dodge @CoverageGeekTim]

@SwissRe @PC_360 But are regulated lenders willing to accept private market flood policies? And are state insurance regulators approving them? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

A6: Communicating to potential policy holders. When buying a house, instead of saying it's "in" or "out" of a flood zone, let's say something more meaningful like "low, medium, or high" risk. Let's give them info to make decisions on risk #PC360Flood #RMSFlood https://t.co/8KCvfqHXgY

[PropertyCasualty360 @PC_360]

Q6: What issues do you think are being overlooked in the ongoing discussions around flood? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

A5: We have a lot of thoughts of what the most impactful changes to NFIP may be in the following blog https://t.co/lSHsz3uypt
#PC360Flood #RMSFlood https://t.co/ti4OiqG9ce

[PropertyCasualty360 @PC_360]

Q5: What will be in the final flood reform/NFIP reauthorization bill? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

A4: (2) States like Florida have been ahead of the curve, enacting legislation that is aimed at fixing issues that exist at the national level, such as acceptance of private flood policies by mortgage lenders. #PC360Flood #RMSFlood https://t.co/6RBsFfmS6u

[PropertyCasualty360 @PC_360]

Q4: What will change in the coming year to help the private market for flood insurance grow? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

A4: (1) Availability of advanced analytics for risk selection will help the private market identify areas where they can move risks from the NFIP to the private market. #PC360Flood #RMSFlood https://t.co/6RBsFfmS6u

[PropertyCasualty360 @PC_360]

Q4: What will change in the coming year to help the private market for flood insurance grow? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

A2: One of the largest successes was the reinsurance program in place by FEMA and the NFIP. This saved taxpayers over $1 BN! #PC360Flood #RMSFlood https://t.co/rOJcu45raz

[PropertyCasualty360 @PC_360]

Q2: Among the 2017 events, which has influenced the flood insurance market the most? #PC360Flood #RMSFlood

[Matt Nielsen @MattN_RMS]

@NationalFlood Absolutely! The idea of a 1-100 year flood zone, or being "in" or "out" of a flood zone hides the full scale of flood risk. We need to find better ways to connect to policy holders on flood risk #PC360Flood #RMSFlood https://t.co/bKU0jcQ5rl

[Think Taurus @TaurusFlood]

@MattN_RMS we do it with data, education, and awareness! #PC360Flood #RMSFlood https://t.co/E37LIDsCvd

[Matt Nielsen @MattN_RMS]

A1: In addition to awareness, there is a need to address the $30 BN+ debt from FEMA. How do we create a program that is more fiscally solvent? #PC360Flood #RMSFlood https://t.co/lL6ceAXuL1

[Cliff Roberti @cliffroberti]

A1 #PC360Flood #RMSFlood the 2017 season demonstrated that the U.S. Congress, FEMA and the private sector need to work to better educate citizens about the risk of flooding and do all we can to increase the take up rate of flood coverage nationwide

[Matt Nielsen @MattN_RMS]

What could #NFIP reform mean for #insurers & flood policy holders? RMS Pete Dailey and I discuss in this #flood #insurance article on @PC_360: https://t.co/Tm4yCTsrY3

[Matt Nielsen @MattN_RMS]

Join us Wednesday for a live flood #insurance conversation. Follow & ask your questions to #PC360Flood! #RMSFlood @RMS @hmwiden @cliffroberti @SwissRe @NCIPtweets @NationalFlood @michaelbmodesto @FCSBulletins @cliffroberti https://t.co/dcHgAQJSjo

[ALM Global @ALMGlobal_]

Are you ready for @PC_360 and @RMS Twitter chat on 3/14 at 1 pm? Make sure to use #PC360Flood and #RMSFlood to have your questions answered about #flood #risk #insurance and #regulation. Hope to see you there!

[UNDRR @UNDRR]

Today is a big day for the global #DRR community. The #SendaiFramework Monitor went live and 144 UN Member States have so far registered to provide key data on disaster risk and disaster losses which will aid #disaster prevention & progress on #SDGs
https://t.co/gcmij4PJFy