PIISA: European research on how insurers can contribute to climate adaptation

We are working on a pilot in which insurers encourage customers to green their roofs

Customer
Location
Duration
Read more
European Union en CINEA
Europe
2023-2026
https://piisa-project.eu/

PIISA: European research on how insurers can contribute to climate adaptation

We are working on a pilot in which insurers encourage customers to green their roofs

Customer
Location
Duration
Read more
European Union en CINEA
Europe
2023-2026
https://piisa-project.eu/

Due to the changing climate, the risks of damages are increasing. Existing insurance policies cannot always offer their customers enough coverage for weather related damages. The European project PIISA aims to develop new insurance concepts that contribute to climate adaptation. PIISA stands for Piloting Innovative Insurance Solutions for Adaptation. In this project, insurance companies encourage their customers to reduce the risks of damage caused by the changing climate. They can do so, for instance, by offering discounts on their premiums. Or by offering guidelines that clearly state how customers themselves can reduce the risks of damage.

In this project, we are working on a pilot in which insurance companies encourage customers to green their roofs.

Lisette Klok weet alles over dit project

What is the purpose of the PIISA project?

The PIISA project is a Horizon Europe mission. Currently, we have not adapted enough to climate change to control damages. In other words, the gap between climate adaptation and climate risks is too big. The aim of this project is to use new insurance concepts to help closing this gap in European regions.

How is the PIISA project set up?

A total of 12 partners from 8 countries are working in the project. CAS develops new insurance concepts in the urban sector with two partners. Other partners in the project focus on the agricultural or forestry sector. Literature and model studies are carried out for this purpose. In addition, the insurance concepts are tested and elaborated in pilots. The pilots consist of two steps:

  1. An insurance concept is elaborated and tested in a specific European region.
  2. Research is conducted to determine whether and, if so, how this concept can also be applied in the other European regions.

What is our role in the project?

Together with the Institute for Environmental Studies (VU-IVM) and the Dutch insurance company Interpolis, we are working on a pilot concerning green roofs. The aim of this pilot is to develop insurance packages for the European insurance industry that stimulate the construction of green roofs. To this end, we are investigating the success of Interpolis’ campaign encouraging customers to green flat roofs. We are also researching what can further increase its success and how other insurers in the Netherlands and Europe can use this campaign.

What is our approach?

We conduct the pilot in co-creation with Interpolis, other insurers and roof owners (private and corporate). In the pilot, we will analyse what the incentives and barriers are to building a green roof and also draw lessons for other EU countries. CAS is supervising the process. VU-IVM is developing choice experiments for this pilot. These should provide insight into the considerations people make in their choice whether or not to purchase a green roof. This is similar to a cost-benefit analysis.

What is the purpose of the PIISA project?

The PIISA project is a Horizon Europe mission. Currently, we have not adapted enough to climate change to control damages. In other words, the gap between climate adaptation and climate risks is too big. The aim of this project is to use new insurance concepts to help closing this gap in European regions.

How is the PIISA project set up?

A total of 12 partners from 8 countries are working in the project. CAS develops new insurance concepts in the urban sector with two partners. Other partners in the project focus on the agricultural or forestry sector. Literature and model studies are carried out for this purpose. In addition, the insurance concepts are tested and elaborated in pilots. The pilots consist of two steps:

  1. An insurance concept is elaborated and tested in a specific European region.
  2. Research is conducted to determine whether and, if so, how this concept can also be applied in the other European regions.

What is our role in the project?

Together with the Institute for Environmental Studies (VU-IVM) and the Dutch insurance company Interpolis, we are working on a pilot concerning green roofs. The aim of this pilot is to develop insurance packages for the European insurance industry that stimulate the construction of green roofs. To this end, we are investigating the success of Interpolis’ campaign encouraging customers to green flat roofs. We are also researching what can further increase its success and how other insurers in the Netherlands and Europe can use this campaign.

What is our approach?

We conduct the pilot in co-creation with Interpolis, other insurers and roof owners (private and corporate). In the pilot, we will analyse what the incentives and barriers are to building a green roof and also draw lessons for other EU countries. CAS is supervising the process. VU-IVM is developing choice experiments for this pilot. These should provide insight into the considerations people make in their choice whether or not to purchase a green roof. This is similar to a cost-benefit analysis.

Partners

VU – IVM Interpolis

Delen via: