SOlutions TEsting for Regions through Insurance for climate Adaptation (SOTERIA)

Description:

The SOTERIA project aims to advance innovative insurance solutions for climate change adaptation in different European regions and communities.

To do so, SOTERIA aspires to work through three main tracks forming the core of our approach:

i) documenting best practice in relation to data, new insurance and robust enabling frameworks;

ii) testing of some of these solutions; and

iii) the creation of communities of practice for regions and insurance as legacy.

We aim to help reducing the protection gap by documenting best practice and the testing of insurance products and services that reward proactive prevention measures while seeking to increase coverage through co-designed solutions. We will also consider the enabling framework that analyses the role of public sector modernisation and how to develop affordable insurance schemes that leave no one behind, through our Communities of Practice engaged in Climate Resilience society-insurance dialogues. SOTERIA takes these solutions from the levels of research to demonstration and testing with some at the level of pre-commercial procurement in at least three cases thanks to a network of three pilots and 5 satellites that span different geographical areas (and needs). The project legacy a set of best practice materials as well as a Community of Practice to support other regions interested to design and/or adopt innovative insurance solutions.

SOTERIA contributes to the wider goal of the EU Mission Adaptation to increase Europe’s resilience and preparedness to face unavoidable consequences of climate change by filling the gaps on insurance coverage for climate adaptation.

Project information

Lead

ASOCIACION BC3 BASQUE CENTRE FOR CLIMATE CHANGE - KLIMA ALDAKETA IKERGAI, Spain

Partners

I-CATALIST SL, Spain

CLIMATE RISK ADVISORY AS, Norway

HELMHOLTZ-ZENTRUM FUR UMWELTFORSCHUNG GMBH – UFZ, Germany

SINTEF AS, Norway

MITIGRATE AS, Norway

AQUATEC PROYECTOS PARA EL SECTOR DEL AGUA SA, Spain

GENILLARD & CO GMBH, Germany

"NATIONAL CENTER FOR SCIENTIFIC RESEARCH ""DEMOKRITOS"", Greece

HOCHSCHULE WEIHENSTEPHAN-TRIESDORF, Germany

ANAPTYXIAKOS SYNDESMOS DYTIKIS ATHINAS, Greece

BEHAVIOR SMART OOD, Bulgaria

CONSELLERIA DE AGRICULTURA GANADERIA Y PESCA, Spain

MUNICIPALITY OF GABROVO, Bulgaria

EMPOWER INSIGHT (FRANCE), France

STIFTUNG GLOBAL INFRASTRUCTURE BASEL, Switzerland

Verbraucherzentrale Sachsen e.V., Germany

Landesamt für Umweltschutz Sachsen-Anhalt, Germany

Kommunal Landspensjonskasse gjensidig forsikringsselskap, Norway

Gjensidige Insurance ASA, Norway

Allianz Agrar AG, Germany

CROATIA OSIGURANJE, Croatia

eingetragener Verein, Germany

DIMOS EGALEO, Greece

BBV Landsiedlung GmbH, Germany

Zadar County, Croatia

Statsforvalteren i Trondelag, Norway

DZI GENERAL INSURANCE JSC, Bulgaria

CAISSE CENTRALE DE REASSURANCE, France

Ethniki AEEGA, Greece