COMING SOON: Roll Out of FEMA’s New Methodology for Rating NFIP Policies

CE credits offered for FREE Insurance Agent training on Risk Rating 2.0: Equity in Action


FEMA is updating the National Flood Insurance Program‘s (NFIP) risk rating methodology through the implementation of a new pricing methodology called Risk Rating 2.0. The methodology leverages industry best practices and cutting-edge technology to enable FEMA to deliver rates that are actuarily sound, equitable, easier to understand and better reflect a property’s flood risk.

FEMA is conscious of the far-reaching economic impacts COVID-19 has had on the nation and existing policyholders and is taking a phased approach to rolling out the new rates.  

Beginning Aug. 1, current National Flood Insurance Program policyholders can contact their insurance company or insurance agent to learn more about what Risk Rating 2.0-Equity in Action means to them.


New policies beginning Oct. 1, 2021, will be subject to the new rating methodology. Also beginning Oct. 1, existing policyholders eligible for renewal will be able to take advantage of immediate decreases in their premiums.


All remaining policies renewing on or after April 1, 2022, will be subject to the new rating methodology.

FEMA continues to engage with Congress, its industry partners and state, local, tribal and territorial agencies to ensure clear understanding of these changes.  

Curious to see how Risk Rating 2.0 will affect rates in Hawai'i or another state? Click on the STATE PROFILE button to view the first year breakdown by county, zip codes, and special flood hazard policy counts.

Risk Rating 2.0 Webinar for Insurance Agents

This webinar brings agents the latest information on how and when Risk Rating 2.0 will be implemented. It will also discuss the following key topics:

  • What is Risk Rating 2.0: Equity in Action
  • What led to this NFIP transformation
  • The NFIP today
  • What is changing
  • What is not changing
  • Transition of current policies

Bookmark to stay current on Risk Rating 2.0 roll out, learn more on why FEMA is undertaking this change in rating NFIP policies, what you can expect to remain the same, and much more.

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