The NAIAD project is an effort to operationalize 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. The project will do this in detail for eight 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 is currently under development.