NAIAD

Project Outline

NAIAD aims to operationalise the insurance value of ecosystems for water-related risk mitigation, by developing and testing concepts, tools and applications on 9 demo sites across Europe, under the common concept of Nature Based Solutions (NBS).

At the core of the project is the physical and socio-economic analysis of demos sites, supported with complex modelling and forecast activities, which will, in cooperation with the insurance sector, strive to propose NBS as technically sound and financially viable option for investors at local level and higher and especially for the insurance sector.

NAIAD is a project aiming to: 

1. Develop concrete Nature Based Solutions (NBS) approaches in response to flood and drought risks at 9 demo sites across EU,
2. Deliver replicable methods for its implementation,
3. Work on development of financial instruments and novel business models in support of their implementation,
4. Contribute to academic knowledge on NBS planning, increase the capacity of policy decision makers to integrate NBS in development planning and contribute to the general awareness of the need of NBS and socio-economic opportunities arising with their implementation at local, regional or EU level.