Objective
The insurance and reinsurance sectors, including institutions such as Lloyd’s of London, Swiss Re, and Munich Re, assert that they have the necessary instruments to address devastating weather events and climate catastrophe. In order to develop appropriate risk management instruments to protect against disruptive natural events, insurance companies have been conducting their own forms of research on weather and climate since the latter half of the eighteenth century. Over the past several decades, financial and climate risks have become increasingly entangled, especially so through instruments such as carbon trading, weather derivatives, and catastrophe bonds as well as myriad new forms of weather-related risk management like parametric insurance. Fair-Weather Finance investigates the role of financial institutions in the making of climate science. From eighteenth century marine insurance for sea risks, cyclones, and hurricanes to contemporary climate modeling used to demarcate geographies of disaster, insurance companies have measured atmospheric conditions and consolidated the records of a broad cast of actors to produce knowledge about climate and hedge against its financial threats. The project asks, what weather measurement tools, underwriting policies, and enforcement mechanisms were put in place by insurance companies against potential weather-related risk? How did they protect their assets during weather events, disasters, and climatic turbulence? Opening the actuarial archives to the study of weather knowledge production, the project aims to understand how the business of risk management structured conceptualizations of climate in different historical periods. The project will link the production of climate and weather knowledge with financial instruments developed by insurance companies, forming a historical basis for interdisciplinary work at the intersection between the history of climate science and financial history.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
You need to log in or register to use this function
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
HORIZON.1.1 - European Research Council (ERC)
MAIN PROGRAMME
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-ERC - HORIZON ERC Grants
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2025-COG
See all projects funded under this callHost institution
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
8006 Zurich
Switzerland
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.