Merlin
Promote ecological restoration of freshwater-related ecosystems on a large scale.
Economic losses from more frequent natural disasters have increased markedly since the 1980s. This widening of the climate protection gap, which represents the uninsured share of these losses due to slow adaptation and inadequate financial protection, highlights the urgent need for innovative insurance solutions.
These measures play a crucial role in the implementation of the EU Adaptation Strategy and help local communities to manage the effects of climate change. Non-life insurance products can foster adaptation to climate change by promoting new technologies, practices, nature-based solutions and governance processes, ultimately reducing barriers to adaptation. Encouraging the uptake of natural disaster insurance in Member States can provide incentives to invest in adaptation efforts.
The adoption of new risk management and insurance solutions also requires behavioural changes. Addressing the obstacles to decision-making and action requires strategic analysis and the design of specific solutions to facilitate the desired changes.
SOTERIA is a European project dedicated to integrating innovative insurance tools and risk transfer mechanisms to address climate change-related risks and minimise the resulting losses.
The primary objective is to prevent the growing protection gap by introducing non-life insurance products that encourage proactive risk management measures. This comprehensive approach involves the development of a European roadmap for green and smart insurance based on best practice and project perspectives.
SOTERIA contributes significantly to improving the resilience of communities through various pilot projects located in different geographical areas and risk scenarios. These pilot projects aim to identify, refine and implement specialised insurance solutions to manage climate-related risks. At the same time, the initiative remains committed to addressing key challenges, such as affordability, to ensure the effective implementation and success of these innovative insurance strategies.
Economic losses from more frequent natural disasters have increased markedly since the 1980s. This widening of the climate protection gap, which represents the uninsured share of these losses due to slow adaptation and inadequate financial protection, highlights the urgent need for innovative insurance solutions.
These measures play a crucial role in the implementation of the EU Adaptation Strategy and help local communities to manage the effects of climate change. Non-life insurance products can foster adaptation to climate change by promoting new technologies, practices, nature-based solutions and governance processes, ultimately reducing barriers to adaptation. Encouraging the uptake of natural disaster insurance in Member States can provide incentives to invest in adaptation efforts.
The adoption of new risk management and insurance solutions also requires behavioural changes. Addressing the obstacles to decision-making and action requires strategic analysis and the design of specific solutions to facilitate the desired changes.
SOTERIA is a European project dedicated to integrating innovative insurance tools and risk transfer mechanisms to address climate change-related risks and minimise the resulting losses.
The primary objective is to prevent the growing protection gap by introducing a new security policy non-life insurance products to promote proactive risk management measures. This comprehensive approach involves the creation of a European roadmap, based on best practices and project knowledge, for implementing green and smart insurance.
SOTERIA contributes significantly to improving the resilience of communities through a variety ofcase studies located in different geographical areas and risk scenarios. These case studies aim to identify, refine and implement specialised insurance solutions to manage climate-related risks. At the same time, the initiative remains committed to addressing key challenges, such as affordability, to ensure the effective implementation and success of these innovative insurance strategies.
SOTERIA aims to create a diverse Community of Practice (CoP) among European regions exposed to various climate risks, focusing on the development of insurance solutions for climate change adaptation. Through pilot and satellite regions, it aims to test different approaches to insurance, bridging the gap between research and practical application.
The aim of the project is to promote innovative insurance solutions for climate change adaptation in Europe. The three specific objectives of SOTERIA are to improve access to climate risk management tools, to test good practices and innovative solutions, and to advocate for a multi-level governance approach that integrates climate adaptation and insurance.
As part of the project, ICATALIST will pioneer innovative insurance solutions aimed at improving coverage in various regions and communities. In particular, it will facilitate a Community of Practice dedicated to fostering knowledge exchange on climate change adaptation. Emphasising the crucial role of insurance, the initiative aims to foster collaboration between public, private and community entities. Its main objective is to reinforce inter-regional cooperation, strengthen climate resilience projects and promote knowledge transfer through methods such as peer reviews, fostering synergies between all initiatives involved.
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