Assessing risks to limit damage from climate change

Extreme weather events due to climate change cause damage to people, assets and property. EU-funded project H2020_INSURANCE is combining climate services with destruction information to create an open-source computer programme which estimates and reduces the losses caused by such disasters.

Countries
Countries
  Algeria
  Argentina
  Australia
  Austria
  Bangladesh
  Belarus
  Belgium
  Benin
  Bolivia
  Bosnia and Herzegovina
  Brazil
  Bulgaria
  Burkina Faso
  Cambodia
  Cameroon
  Canada
  Cape Verde
  Chile
  China
  Colombia
  Costa Rica
  Croatia
  Cyprus
  Czechia
  Denmark
  Ecuador
  Egypt
  Estonia
  Ethiopia
  Faroe Islands
  Finland
  France
  French Polynesia
  Georgia

Countries
Countries
  Algeria
  Argentina
  Australia
  Austria
  Bangladesh
  Belarus
  Belgium
  Benin
  Bolivia
  Bosnia and Herzegovina
  Brazil
  Bulgaria
  Burkina Faso
  Cambodia
  Cameroon
  Canada
  Cape Verde
  Chile
  China
  Colombia
  Costa Rica
  Croatia
  Cyprus
  Czechia
  Denmark
  Ecuador
  Egypt
  Estonia
  Ethiopia
  Faroe Islands
  Finland
  France
  French Polynesia
  Georgia


 

Published: 22 March 2019  
Related theme(s) and subtheme(s)
EnvironmentClimate & global change  |  Natural disasters
International cooperation
Research policyHorizon 2020
Science & business
Security
Countries involved in the project described in the article
Austria  |  China  |  Denmark  |  France  |  Germany  |  Hong Kong  |  Hungary  |  Kenya  |  Netherlands  |  Serbia  |  Spain  |  United Kingdom
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Assessing risks to limit damage from climate change

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© 2mmedia #170541054, 2019 source: stock.adobe.com

Insurance can play an important role in helping societies cope with and recover from intense weather incidents. The EU-funded H2020_INSURANCE project is using an operational system called the Oasis Loss Modelling Framework to provide standardised risk-assessment processes. This will assess potential losses, identify which areas are most at risk, and quantify financial losses of modelled scenarios.

Oasis is being designed using real situations and in consultation with end-user communities, including insurers, municipalities and businesses.

The project is taking a broad view by looking at five different sectors: hydro-climatic risk in the Danube region, typhoon risk, African farmer risk, climate versus health, and climate versus forest asset risk assessment. It aims to promote immediate and long-term benefits in these sectors.

In the Danube, a future insurance model is being developed to concentrate on infrastructure resilience to climate catastrophes. For typhoons, a catalogue of historical typhoon events is being created and long-range seasonal forecasts of landfalling typhoons are being carried out.

As regards smallholder farmers in Tanzania, the project aims to demonstrate how micro-insurance schemes can enhance the ability of farmers to adapt to climate change. In the health sector, heat stress and air pollution affecting people with cardiopulmonary diseases are being studied in two cities in Germany. The project will investigate the effectiveness of measures designed to reduce these impacts.

In the final study, a prototype of a recent fire-prevention tool called RiskFP, which uses geo-information and spatial data analysis, is being adapted for the forest insurance sector.

The H2020_INSURANCE project is expanding access to the insurance models, tools and services it develops by operating in an open eMarketplace online portal. It is also creating open software which will be easy to understand and free of charge. By the end of the project, the researchers hope to have a proven business model and an operating company able to promote a range of climate-related services.

Project details

  • Project acronym: H2020_INSURANCE
  • Participants: Germany (Coordinator), UK, France, Netherlands, Hungary, Denmark, Spain, Austria, Serbia, Kenya, Hong Kong
  • Project N°: 730381
  • Total costs: € 5 438 922
  • EU contribution: € 4 802 522
  • Duration: May 2017 to April 2020

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