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CORDIS

Oasis Innovation Hub for Catastrophe and Climate Extremes Risk Assessment

Objective

Globally, there is increased concern of the potential impacts of extreme climate events and their impact on loss and damage of people, assets and property as a result of these events. Therefore, natural partners in using climate services to assess risk are the Global Insurance Sector, who are key implementers in increasing societies resilience and recovery of extreme events and who are integral, co-design partners in this programme. This project intends to operationalize a system, called the Oasis Loss Modelling Framework, that combines climate services with damage and loss information and provides a standardised risk assessment process that can assess potential losses, areas at most risk and quantify financial losses of modelled scenarios. We intend to prove the Oasis LMF system through undertaking a range of demonstrators linked and co-designed to ‘real’ situations and end-user communities in the insurance, municipalities and business sectors (see list of partners & collaborators). These demonstrators have already been agreed with our end-users and develop work around hydro-climatic risk (in the Danube Region), Typhoon Risk, African Farmer Risk – through using climate information to support the underwriting of micro-insurance, climate v health and climate v forest asset risk assessment. We also intend to further expand access by all sectors to the models, tools and services developed within this programme and the broader climate services sector by operationalizing an open eMarket place and matchmaking facility for catastrophe and climate data and models, tools and services and through broadening awareness in the climate modelling and end-users communities to the Framework, and the transparent and comparable standard it offers to support evidence based risk assessment and adaptation planning.

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: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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.

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.

IA - Innovation action

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SC5-2016-2017

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Coordinator

POTSDAM-INSTITUT FUR KLIMAFOLGENFORSCHUNG EV
Net EU contribution

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.

€ 1 065 493,26
Address
TELEGRAFENBERG A31
14473 Potsdam
Germany

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Region
Brandenburg Brandenburg Potsdam
Activity type
Research Organisations
Links
Total cost

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.

€ 1 065 493,26

Participants (22)

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