Improved disaster risk pricing assessment

Project are expected to contribute to some of the following expected outcomes: Contribute to the public accessibility of fiscal data and information related to disaster risks, and available risk transfer mechanisms such as insurance in an easily available and understandable way; EU-wide or international standard or guidance on how to monetise and account intangible values from Climate Adaptation and Disaster Risk Reduction measures; Innovative financial instruments and IT-solutions to reduce transaction costs for disaster risk finance and insurance products; Research and testing of novel European, cross-border, national and regional disaster risk financing frameworks. This needs to involve a wide range of stakeholders from public and private sectors; Risk model development for future natural catastrophe events, development of European stress-testing scenarios including vulnerable hotspots and uninsurable risks.