Objective
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. We will do this in detail for 8 demonstration sites (DEMOs) throughout Europe and develop tools and methods applicable and transferable across all of Europe.
The assumption is that Natural Assurance Schemes can reduce risk, especially to drought and flooding, and this risk reduction can be assessed and incorporated within insurance schemes.
NAIAD´s 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.
Trans-disciplinarity and stakeholder engagement are at the core of NAIAD for two reasons: first, because the conceptual and assessment methodologies combine physical, social and cultural and economic aspects, integrated into tools and methods but second, and most importantly “road tested” and validated with the stakeholders and end users themselves at the DEMOs.
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.
Fields of science
- social scienceseconomics and businessbusiness and managementbusiness models
- natural sciencesbiological sciencesecologyecosystems
- social sciencessociologygovernancecrisis management
- natural sciencesearth and related environmental sciencesatmospheric sciencesclimatologyclimatic changes
- engineering and technologyenvironmental engineeringnatural resources managementwater management
Programme(s)
Funding Scheme
RIA - Research and Innovation actionCoordinator
47004 Valladolid
Spain
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Participants (22)
45060 Orleans
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WC2R 2LS London
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28232 Las Rozas De Madrid
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
90-364 Lodz
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1233 DOB
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
00185 Roma
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28006 Madrid
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21502 Geesthacht
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SS9 1ED Leigh On Sea
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
120 30 STOCKHOLM
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024053 Bucharest
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1350 Kobenhavn K
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023973 Bucuresti
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
75008 Paris
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30202 Cartagena
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4220 SKOFJA LOKA
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
75007 Paris
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06100 Nice
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2611 AX Delft
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2400 KOBENHAVN NV
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2628 CS Delft
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
2629 HV Delft
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