Programme Category
Programme Name
Programme Description
Horizon Europe is the European Union (EU) funding programme for the period 2021 – 2027, which targets the sectors of research and innovation. The programme’s budget is around € 95.5 billion, of which € 5.4 billion is from NextGenerationEU to stimulate recovery and strengthen the EU’s resilience in the future, and € 4.5 billion is additional aid.
Identifier Code
Call
Summary
Project results are expected to contribute 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 (e.g. disaster risk management, finance, communication) from public and private sectors.
Detailed Call Description
Insurance, in combination with other risk transfer and financing mechanisms, is an important tool to achieve disaster risk reduction targets. Insurance plays an important role in financially supporting the recovery of individuals, organisations, businesses and communities affected by natural disasters. Large disaster losses in recent years have led insurance companies to re-examine their approach to increase the extent of insurance coverage and compensation for loss in vulnerable areas. This includes increasing their investment in assessing and modelling risk, developing advice on risk prevention and establishing new forms of coverage to support governments in managing the costs they face in post-disaster recovery. Questions remain about the limits of insurance in tackling fast-rising threats – not only how people at highest risk and with lower incomes can afford it, but whether insurance models can cope with much more frequent and destructive. Rethinking insurance pay-outs, giving homeowners clearer information on potential risks – using simple online tools, or providing data at the time of house purchases – may also be the way forward more resilient communities.
Call Total Budget
Financing percentage by EU or other bodies / Level of Subsidy or Loan
70%
Expected EU contribution: €5 million
Thematic Categories
- Environment and Climate Change
- Justice - Security
Eligibility for Participation
- Central Government
- International Organisations
- Investment Funds
- Local Authorities
- Other Beneficiaries
- Private Bodies
- State-owned Enterprises
Eligibility For Participation Notes
This topic requires the active involvement, as beneficiaries, of at least 2 representatives of the financial sector and of insurance companies from at least 2 different EU Member States or Associated countries. For these participants, applicants must fill in the table “Eligibility information about practitioners” in the application form with all the requested information, following the template provided in the submission IT tool.
Call Opening Date
Call Closing Date
National Contact Point(s)
Research and Innovation Foundation
29a Andrea Michalakopoulou, 1075 Nicosia
P.O.Box 23422, 1683 Nicosia
Phone Number: +357 22205000
Email Address: support@research.org.cy
Website: https://www.research.org.cy/en/
Contact Persons:
Dr. Ioannis Theodorou
Scientific Officer
Contact Phone: +357 22 20 50 38
Contact Email: itheodorou@research.org.cy
Christakis Theocharous
Scientific Officer A’
Contact Phone: +357 22 20 50 29
Contact Email: ctheocharous@research.org.cy
EU Contact Point
European Commission, Directorate-General for Research and Innovation
https://ec.europa.eu/info/departments/research-and-innovation_en#contact