Stay connected
Learn about the latest research and results from the project.
Subscribe to the NATURANCE Newsletter!
Innovation Labs
Innovation labs are the heart of NATURANCE. They are places for experimental, disruptive innovation and deep-learning which bring together cross-disciplinary and -functional expertise to create new products or services.
Methods to quantify flood risk reduction and co-benefits of NbS in the Netherlands
The devastating floods in Limburg (the Netherlands) Germany, and Belgium in July 2021 underscored the urgency of enhancing flood management strategies. This Innovation Lab is dedicated to collaboratively designing improved methods for assessing risk reduction and co-benefits of Nature-Based Solutions (NbS) in mitigating flood risks in the province of Limburg.
Researchers of the Vrije Universiteit Amsterdam engaged Knowledge Network (KN) representatives and relevant stakeholders, including Dutch insurers and local governments, to identify and enhance the most relevant methods for evaluating the key benefits of NbS. By doing so, we informed the development of sustainable finance mechanisms for NbS.
Furthermore, the knowledge and insights gained from this lab will have broader applicability and can be used as valuable lessons for international contexts, offering valuable contributions to the global application of NbS methodologies.
Harnessing insurance to promote NbS for wildfire risk management
This Innovation Lab, named Firelogue-NATURANCE, was dedicated to exploring the vital role of insurance in promoting NbS for wildfire risk management. As part of the HE project on wildfire, Firelogue incorporates a Wildfire Insurance Working Group, which has been eager to collaborate with NATURANCE to advance discussions on wildfire risk management.
The Lab’s main objective was to facilitate engaging discussions between KN representatives and participants on how insurers can forge partnerships with risk managers, ecologists, and other stakeholders to develop cutting-edge insurance products that foster the widespread adoption of NbS.
The focus was on understanding how insurance companies can extend their support to local communities, national forest agencies, and other policy agents in the implementation of NbS, effectively managing wildfire risks for a more resilient and sustainable future.
The NATURANCE partner responsible for this lab was the International Institute for Applied Systems Analysis (IIASA).
Harnessing insurance to promote NbS for wildfire risk management
This Innovation Lab, named Firelogue-NATURANCE, was dedicated to exploring the vital role of insurance in promoting NbS for wildfire risk management. As part of the HE project on wildfire, Firelogue incorporates a Wildfire Insurance Working Group, which has been eager to collaborate with NATURANCE to advance discussions on wildfire risk management.
The Lab’s main objective was to facilitate engaging discussions between KN representatives and participants on how insurers can forge partnerships with risk managers, ecologists, and other stakeholders to develop cutting-edge insurance products that foster the widespread adoption of NbS.
The focus was on understanding how insurance companies can extend their support to local communities, national forest agencies, and other policy agents in the implementation of NbS, effectively managing wildfire risks for a more resilient and sustainable future.
The NATURANCE partner responsible for this lab was the International Institute for Applied Systems Analysis (IIASA).
Investing in nature-based flood management in urban areas in the UK
As climate change accelerates, many areas in the UK can expect an increase in coastal, surface water, and river flooding as a result of higher sea levels and more intense rainfall. Nature-based flood management can effectively reduce urban flood risk and provide numerous ecosystem services and co-benefits but can be costly to implement and maintain.
The goal of this Innovation Lab was to co-develop business cases with relevant stakeholders that enable insurers to unlock both direct and indirect investments into nature-based flood management (NFM) in urban areas in the UK. The innovation lab brought together relevant stakeholders, including insurers, NFM experts, local councils, and others, to identify and develop mechanisms that enable insurers to unlock investment in NFM.
The NATURANCE partner responsible for this Innovation Lab Nature-Based Flood Management is the London School of Economics and Political Science (LSE).