Nature Insurance value: Assessment and Demonstration


Ecosystems protect but are also vulnerable to storms, wildfires, diseases, climate change, etc. Specific management operations might increase their resilience. NAIAD aims to bring evidence of the ecosystem protection roles, provide integrated hazard assessment methods, include social risk perception and preferences (to elucidate non-market benefits), and tailor innovative business models and financial options to build on the insurance value of ecosystems.

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.

1. Synthesis of knowledge; biophysical and socio-economic

  1. Providing assessment framework for testing, evidence data collection and operationalization of NBS in support of mitigation or prevention of flood and drought risks,
  2. Combining research, secondary data collection and analysis and stakeholder participation approach.

The goal is to deliver a robust informed decision support and planning tool for NBS implementation.

2. Operationalization of the framework

  1. Testing of the framework on selected demo sites,
  2. Fine tuning and upgrade of the decision support and planning tool, through stakeholder engagement and implementation experience,
  3. Involving investment, business and insurance sector to participate in the identification of novel business and financial opportunities with NBS measures implementation.

The goal is to test the theoretical knowledge and upgrade it through testing in a real environment, while at the same time co-develop novel financial and business models in support of their implementation and replicability.

3. Policy uptake, communication, dissemination and capacity building

  1. Build awareness at the government, business, insurance sector, civil society and academia on the benefits and risk provided through NBS implementation,
  2. Provide targeted recommendations and guidance to utilize natural assurance schemes to improve economic, social and environmental conditions on the field at EU level.

The goal is to contribute, through financially viable and technically sound NBS informed decision support and planning tools, to socio-economic prosperity and sustainability of the natural environment.

SCIENTIFIC EVIDENCE AND METHODS providing a robust scientific underpinning for the quantification, qualification and valuation of the insurance value of ecosystems to enable its full operationalization.

ENHANCED NATURAL CAPITAL Increased deployment of multi-purpose and flexible nature-based solutions through the contribution to the development of policies that maintain and to enhance the insurance capacity of ecosystems and natural capital.

BUSINESS MODELS activating insurance value of ecosystems into conventional and new types of insurance policies and innovative business models

POLICY- supporting the objectives of the EU Adaptation Strategy – climate resilient investments and the priorities of other EU and international policies (e.g. EU Green Infrastructure Strategy and the Sendai Framework for Disaster Risk Reduction)

Confederacion Hidrografica del Duero Spain
Bureau De Recherches Geologiques Et Minieres France
King's College London United Kingdom
I-Catalist Sl Spain
Europejskie Regionalne Centrum Ekohydrologii Polskiej Akademii Nauk Poland
Zavod Za Ihtioloske In Ekoloske Raziskave Revivo Slovenia
Consiglio Nazionale Delle Ricerche Italy
Instituto Geológico Y Minero De España Spain
Helmholtz-Zentrum Geesthacht Zentrum Fur Material- Und Kustenforschung GMBH Germany
Ambiotek Community Interest Company United Kingdom
Stiftelsen Stockholm International Water Institute  Sweden
Institutul National De Cercetare-Dezvoltare Pentru Geologie Si Geoecologie Marina-Geoecomar Romania
Geological Survey Of Denmark And Greenland Denmark
Business Development Group Srl Romania
Caisse Centrale De Reassurance France
Universidad Politecnica De Cartagena
Zavod Iskriva, Iskrisce Za Razvoj Lokalnih Potencialov Spain
Institut National De Recherche En Sciences Et Technologies Pour L'environnement Et L'agriculture  France
Institut National De Recherche Pour L'agriculture, L'alimentation Et L'environnement France
Universite Cote D'azur France
Universite De Nice Sophia Antipolis  France
Stichting Ihe Delft Institute For Water Education Netherlands
Kobenhavns Kommune Denmark
Field Factors BV Netherlands
Stichting Deltares Netherlands