NAture Insurance value: Assessment and Demonstration
Research & Development
4.994.370 project budget
Dec 2016 - Nov 2019
Donor: European Commission - Research Executive Agency
Donor Programme: Research Programme of the European Commission as of 2014
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. This will be done in detail for 8
demonstration sites (DEMOs) throughout Europe and tools and methods applicable and transferable across all of
Europe will be developed.
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
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.