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NAture Insurance value: Assessment and Demonstration

Objective

NAIAD aims to operationalise the insurance value of ecosystems to reduce the human and economic cost of risks associated with water (floods and drought) by developing and testing - with key insurers and municipalities - the concepts, tools, applications and instruments (business models) necessary for its mainstreaming. We will do this in detail for 8 demonstration sites (DEMOs) throughout Europe and develop tools and methods applicable and transferable across all of Europe.
The assumption is that Natural Assurance Schemes can reduce risk, especially to drought and flooding, and this risk reduction can be assessed and incorporated within insurance schemes.
NAIAD´s conceptual frame is based on three pillars:
(i) to help build a resilience approach to risk management through nature based solutions,
(ii) the operationalisation and testing of scientific methods using a source-to-sea in DEMOs,
(iii) the uptake of nature based solutions that are cost-effective and provide environmental, social and economic benefits.
Trans-disciplinarity and stakeholder engagement are at the core of NAIAD for two reasons: first, because the conceptual and assessment methodologies combine physical, social and cultural and economic aspects, integrated into tools and methods but second, and most importantly “road tested” and validated with the stakeholders and end users themselves at the DEMOs.
NAIAD will contribute to providing a robust framework for assessing insurance value for ecosystem services by (i) enabling full operationalisation through improved understanding of ecosystem functionality and its insurance value at a broad range of scales in both urban and rural context; (ii) making explicit the links between ecosystem values and social risk perception; and (iii) the application of developed methods and tools in water management by relevant stakeholders, especially businesses, public authorities and utilities.
Leaflet | Map data © OpenStreetMap contributors, Credit: EC-GISCO, © EuroGeographics for the administrative boundaries

Coordinator

CONFEDERACION HIDROGRAFICA DEL DUERO

Address

Calle Muro 5
47004 Valladolid

Spain

Activity type

Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)

EU Contribution

€ 152 352,50

Participants (22)

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BUREAU DE RECHERCHES GEOLOGIQUES ET MINIERES

France

EU Contribution

€ 411 237,50

KING'S COLLEGE LONDON

United Kingdom

EU Contribution

€ 314 628,75

I-CATALIST SL

Spain

EU Contribution

€ 520 897,50

EUROPEJSKIE REGIONALNE CENTRUM EKOHYDROLOGII POLSKIEJ AKADEMII NAUK

Poland

EU Contribution

€ 75 237,50

ZAVOD ZA IHTIOLOSKE IN EKOLOSKE RAZISKAVE REVIVO

Slovenia

EU Contribution

€ 188 062,50

CONSIGLIO NAZIONALE DELLE RICERCHE

Italy

EU Contribution

€ 190 250

INSTITUTO GEOLÓGICO Y MINERO DE ESPAÑA

Spain

EU Contribution

€ 146 631,25

HELMHOLTZ-ZENTRUM GEESTHACHT ZENTRUM FUR MATERIAL- UND KUSTENFORSCHUNG GMBH

Germany

EU Contribution

€ 280 706,25

AMBIOTEK COMMUNITY INTEREST COMPANY

United Kingdom

EU Contribution

€ 113 248,75

STIFTELSEN STOCKHOLM INTERNATIONAL WATER INSTITUTE

Sweden

EU Contribution

€ 313 110

INSTITUTUL NATIONAL DE CERCETARE-DEZVOLTARE PENTRU GEOLOGIE SI GEOECOLOGIE MARINA-GEOECOMAR

Romania

EU Contribution

€ 199 382,50

Geological Survey of Denmark and Greenland

Denmark

EU Contribution

€ 296 437,50

BUSINESS DEVELOPMENT GROUP SRL

Romania

EU Contribution

€ 100 525

CAISSE CENTRALE DE REASSURANCE

France

EU Contribution

€ 152 512,50

UNIVERSIDAD POLITECNICA DE CARTAGENA

Spain

EU Contribution

€ 173 250

ZAVOD ISKRIVA, ISKRISCE ZA RAZVOJ LOKALNIH POTENCIALOV

Slovenia

EU Contribution

€ 212 475

INSTITUT NATIONAL DE RECHERCHE EN SCIENCES ET TECHNOLOGIES POUR L'ENVIRONNEMENT ET L'AGRICULTURE

France

EU Contribution

€ 336 935

UNIVERSITE DE NICE SOPHIA ANTIPOLIS

France

EU Contribution

€ 90 533,75

STICHTING IHE DELFT INSTITUTE FOR WATER EDUCATION

Netherlands

EU Contribution

€ 173 937,50

KOBENHAVNS KOMMUNE

Denmark

EU Contribution

€ 99 422,50

FIELD FACTORS BV

Netherlands

EU Contribution

€ 195 257,50

STICHTING DELTARES

Netherlands

EU Contribution

€ 257 338,75

Project information

Grant agreement ID: 730497

Status

Ongoing project

  • Start date

    1 December 2016

  • End date

    30 November 2019

Funded under:

H2020-EU.3.5.2.

  • Overall budget:

    € 5 081 176,25

  • EU contribution

    € 4 994 370

Coordinated by:

CONFEDERACION HIDROGRAFICA DEL DUERO

Spain