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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.