National Flood Insurance Program
The National Flood Insurance Program is a federal flood insurance program administered by FEMA, providing building and contents coverage to homeowners, renters, and businesses across approximately 22,500 U.S. communities through a network of 48+ private WYO carriers and direct channels.
- Company typePublic
- Founded1968
- HeadquartersWashington, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What National Flood Insurance Program does
The National Flood Insurance Program (NFIP) is a federal flood insurance program established by Congress in 1968 through the National Flood Insurance Act and administered by FEMA within the U.S. Department of Homeland Security. The program provides building and contents flood insurance to individual homeowners, renters, condominium associations, commercial property owners, and lending institutions, with mandatory purchase requirements applying to properties in Special Flood Hazard Areas carrying federally backed mortgages. NFIP carries approximately $1.3 trillion in coverage for 4.7 million policyholders across about 22,500 U.S. communities.
The core technology is Risk Rating 2.0, a property-specific pricing methodology that prices policies based on individual property risk characteristics rather than zone-only actuarial tables. Supporting platforms include the Floodsmart.gov consumer portal, the agents.floodsmart.gov agent portal, the NFIP Quoting Tool and Agency Registry for direct-to-consumer lead capture, the Flood Map Service Center for flood risk lookup, and a Historical NFIP Claims tool. Distribution and servicing are delivered through a hybrid model in which over 48 private insurance companies participate in the cooperative Write Your Own (WYO) Program (in operation since October 1983) and NFIP Direct handles a residual set of policies, while FEMA retains the underwriting risk and sets policy terms.
Revenue is generated through recurring insurance premiums, with coverage forms spanning Standard Flood Insurance Policy Dwelling Form, General Property Form, Residential Condominium Building Association Policy (RCBAP), Preferred Risk Policy, and Group Flood Insurance Policy. The program paid $8.1 billion in net claims in 2024 and $87.5 billion cumulatively since 1978, and is funded by premiums with congressional appropriations to cover catastrophic loss shortfalls. The customer-facing go-to-market relies on licensed insurance agents as the primary sales channel, supplemented in April 2025 by a Direct to Customer Quoting Tool with a stated roadmap to enable direct policy purchases online.
National Flood Insurance Program firmographics
Firmographics- Name
- National Flood Insurance Program
- Legal name
- National Flood Insurance Program
- Website
- https://floodsmart.gov
- Company type
- Public
- Founded year
- 1968
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- The National Flood Insurance Program is a federal flood insurance program administered by FEMA, providing building and contents coverage to homeowners, renters, and businesses across approximately 22,500 U.S. communities through a network of 48+ private WYO carriers and direct channels.
- Ownership category
- akta.pro rank
National Flood Insurance Program industry classification
Industry- Product category
- Flood Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524), Claims Adjusting (524291)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Flood Insurance (FSAJACAG)
Keywords
Where National Flood Insurance Program is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
National Flood Insurance Program business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Flood Insurance Premiums: The NFIP generates revenue through insurance premiums collected from policyholders. Insurance policies are administered by FEMA and sold and serviced by a network of private insurance companies under the Write Your Own (WYO) Program and NFIP Direct. Premium revenue funds claim payments and program operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Building Coverage |
| Subscription | Annual | Contents Coverage |
| Subscription | Annual | Dwelling Policy |
| Subscription | Annual | General Property Policy |
| Subscription | Annual | Residential Condominium Building Association Policy (RCBAP) |
| Subscription | Annual | Preferred Risk Policy (PRP) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels12 records
National Flood Insurance Program product offering
Product offeringCore offering
The NFIP is a federal program that provides federally backed flood insurance to property owners, renters, and businesses across the United States. Policies are issued and serviced through a network of more than 48 private Write Your Own (WYO) insurance companies plus NFIP Direct, with pricing determined by the proprietary Risk Rating 2.0 methodology based on individual property risk characteristics. Coverage includes building protection (average $250,000 limit) and contents protection (average $100,000 limit) delivered via multiple policy forms.
Product overview
The National Flood Insurance Program (NFIP) is a federal government program administered by FEMA that provides flood insurance coverage to property owners, renters, and businesses across approximately 22,500 communities in the United States. The program offers approximately $1.3 trillion in coverage for 4.7 million policyholders. Distribution and servicing is handled through a network of 48+ private insurance companies participating in the Write Your Own (WYO) Program plus NFIP Direct. The core product portfolio includes three main policy forms (Dwelling Form, General Property Form, and Residential Condominium Building Association Policy), building and contents coverage options, and specialized products like Preferred Risk Policy and Group Flood Insurance. The program operates Floodsmart.gov as its consumer portal, supplemented by an NFIP Quoting Tool for premium estimates, an Agency Registry for agent enrollment, Flood Map Service Center for risk assessment, and Historical Claims tools. Agent and adjuster training programs support the distribution network.
Differentiator
Problem solved
Functional benefit
Products and services
- Standard Flood Insurance Policy (SFIP) - Dwelling Form Flood insurance policy form for homeowners, renters, and condominium unit-owners covering buildings designed for up to 4 families or single-family units in a condominium. Provides building and contents coverage with average limits of $250,000 for building and $100,000 for contents.
- Standard Flood Insurance Policy (SFIP) - General Property Form Flood insurance policy form typically issued to owners or lessees of non-residential buildings or 5-or-more-unit residential buildings not eligible for RCBAP. Covers commercial structures and contents against flood damage.
- Residential Condominium Building Association Policy (RCBAP) Flood insurance policy form issued to residential condominium associations on behalf of the association and unit owners for buildings where at least 75% of floor area is residential. Covers building structure and common elements.
- Preferred Risk Policy (PRP) Lower-cost SFIP written under the Dwelling Form or General Property Form offering fixed combinations of building and contents coverage limits. Available for property located in B, C, and X Zones in Regular Program communities that meet eligibility requirements based on the property's flood loss history.
- Group Flood Insurance Policy (GFIP) Policy issued by NFIP Direct in response to a Presidential disaster declaration, providing minimum building and/or contents coverage for 3 years at modest premium to help communities recover after federally declared flood disasters.
- NFIP Quoting Tool (Direct to Customer Flood Insurance Premium Quoting Tool) Digital platform launched in April 2025 on Floodsmart.gov that enables property owners to receive customized flood insurance premium estimates and connects them with agencies from the Agency Registry. Plans include expanding to allow direct policy purchases online within the following year.
- Write Your Own (WYO) Program Cooperative program with more than 48 private insurance carriers who issue and service NFIP flood insurance policies under agreement with FEMA, distributing coverage through their own networks while the federal government bears the insurance risk.
Quantifiable outcome
- 99% of U.S. communities have experienced flooding, demonstrating near-universal relevance of flood risk
- +3 more outcomes
Companies that use National Flood Insurance Program
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
National Flood Insurance Program technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
National Flood Insurance Program partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Write Your Own (WYO) Insurance CompaniescoreThe Write Your Own (WYO) Program is a cooperative undertaking between FEMA and private insurance companies begun in October 1983. WYO companies are private insurance carriers who issue and service NFIP flood insurance policies under Financial Assistance/Subsidy Arrangements with FEMA. The program allows over 48 insurance companies to sell NFIP products through their existing distribution networks while NFIP bears the risk.
- NFIP DirectcoreNFIP Direct is the direct servicing arm of the National Flood Insurance Program that handles policies directly for policyholders who do not purchase through WYO companies. It includes NFIP Servicing Agent and NFIP Bureau and Statistical Agent functions for support operations.
- FEMA Mapping and Insurance eXchange (FMIX)minorFMIX center provides general inquiries support for NFIP at (877) 336-2627 and email ([email protected]). Provides flood map information, policy questions, and connects stakeholders with appropriate NFIP resources.
- Emergency Management Institute (EMI)minorEMI provides free independent study courses related to flood insurance and emergency management. Anyone can access these courses though FEMA Student Identification Number (SID) is required to take course exams.
- Private Flood Insurance Alternatives (e.g., NCIP Private Flood)minorDuring NFIP shutdown periods due to stalled reauthorization, insurance agents have turned to private flood insurance alternatives like NCIP Private Flood to ensure continued coverage and transaction stability for clients.
Scale indicators12 records
Recent moves6 records
Expansion highlights5 records
National Flood Insurance Program competitors and assessment
Company assessmentBroad incumbents
- Travelers: Large national P&C insurer participating in the WYO program with strong commercial flood capabilities. Comparable as an established multi-line carrier distributing federal and private flood products.
- Zurich Insurance Group: Global multi-line P&C insurer with U.S. commercial property and specialty flood capabilities, including excess flood placements above NFIP limits. Comparable as a large incumbent competing for higher-value flood risk.
- Allstate: Major national P&C insurer that participates in the NFIP Write Your Own program and also writes its own private flood product. Comparable as a large multi-line carrier competing in flood distribution and risk-bearing.
- Liberty Mutual Insurance: Major diversified P&C insurer participating in the NFIP WYO program and offering commercial flood solutions. Comparable as a broad-line carrier overlapping with NFIP on residential and commercial flood distribution.
- Nationwide Mutual Insurance Company: Major mutual P&C insurer that is a WYO participant with a sizable agency footprint for flood distribution. Comparable as a broad-line carrier channeling NFIP and competing for flood risk.
- State Farm: Largest U.S. personal lines P&C insurer and WYO participant selling NFIP policies through its agency force. Comparable as a national household-name carrier with parallel flood distribution and pricing capabilities.
- Assurant: Specialty P&C insurer with significant lender-placed and catastrophe-exposed portfolios. Comparable as a broad incumbent active in residential flood placement and lender-related distribution.
Direct peers
- Neptune Flood: Private flood-only insurance carrier using proprietary pricing technology to write residential and commercial flood risk. Most direct competitor to NFIP, offering an alternative channel for agents and homeowners priced outside the federal program.
- Citizens Property Insurance Corporation: State-backed insurer of last resort in Florida providing property coverage in high-risk coastal areas where private carriers withdraw. Structurally analogous to NFIP as a government-backed property insurance backstop for residual high-risk exposure.
Others
- Aon: Global insurance broker that places significant flood and catastrophe risk with NFIP and private carriers. Comparable as the distribution and advisory layer that routes business between NFIP, WYO carriers, and private flood markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
National Flood Insurance Program social profiles
Digital presenceNational Flood Insurance Program financial estimates
Financial estimateRevenue estimate
Valuation estimate
National Flood Insurance Program leadership team
Management profileNumber of profiles
National Flood Insurance Program subsidiaries and ownership
Company hierarchySubsidiaries2 records
National Flood Insurance Program funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
National Flood Insurance Program M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about National Flood Insurance Program
What does National Flood Insurance Program do?
The NFIP is a federal program that provides federally backed flood insurance to property owners, renters, and businesses across the United States. Policies are issued and serviced through a network of more than 48 private Write Your Own (WYO) insurance companies plus NFIP Direct, with pricing determined by the proprietary Risk Rating 2.0 methodology based on individual property risk characteristics. Coverage includes building protection (average $250,000 limit) and contents protection (average $100,000 limit) delivered via multiple policy forms.
Is National Flood Insurance Program a public or private company?
National Flood Insurance Program is a public company. It is classified as state government owned and is currently operating.
When was National Flood Insurance Program founded?
National Flood Insurance Program was founded in 1968. It employs 501 to 1,000 people.
Where is National Flood Insurance Program based?
National Flood Insurance Program is headquartered in Washington, United States, in the North America region.
How does National Flood Insurance Program make money?
One revenue line is on record: flood Insurance Premiums.
Who are National Flood Insurance Program's main competitors?
Broad incumbents on record are Travelers, Zurich Insurance Group, Allstate, Liberty Mutual Insurance, Nationwide Mutual Insurance Company, State Farm and Assurant. Direct peers are Neptune Flood and Citizens Property Insurance Corporation. Aon is listed as an others.
Does National Flood Insurance Program have an API?
No public API is recorded for National Flood Insurance Program.
What industry is National Flood Insurance Program in?
National Flood Insurance Program's product category is Flood Insurance. Its primary akta.pro industry code is FSAJACAG, Flood Insurance. Its NAICS code is 524126 and its SIC code is 6331.