NAture Insurance value: Assessment and Demonstration (NAIAD)

Resource type: 
Policy
EU project stamp: 
No
Main entity: 
CONFEDERACION HIDROGRAFICA DEL DUERO
Type of entity: 
Research centre/University
Funding: 
EU Horizon 2020
Key themes: 
Finance
Societal challenges: 
All
Scope: 
Europe
Description: 

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. Its 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.

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.

Semester theme: 
3. Standards
Date: 
2020
Language: 
DE
EN
ES
FR
IT
PT