Life DERRIS - DisastEr Risk Reduction InSurance
Derris, a project co-funded by the European Life tender, involves the leadership of the Unipol Group alongside partners including the City of Turin, Cineas, ANCI, Coordinamento Agende 21 and UnipolSai.
Derris is the first European project that unites public administration, companies and the insurance industry to reduce the risks caused by extraordinary climatic events.
The aim is to provide SMEs the instruments needed to assess and reduce their own risks, with a set of specific actions and objectives:
- transfer of knowledge from insurance to public administration and SMEs on tools to reduce the risks related to climate change and to manage emergencies;
- a self-assessment tool for the evaluation of the risks companies are exposed to and the preparation of an Action Plan with possible actions to prevent and manage these risks;
- innovative types of public-private partnerships between insurance, public administration and companies, to increase the territorial protection and resilience;
- innovative financial instruments that allow the movement of capital dedicated to risk reduction.
The pilot phase of the DERRIS project took place in the city of Turin, which launched a tender called “Torino che protegge” (“Torino, that protects”) in April 2016. In September, 30 SMEs were selected to participate in the initiative from the 6 areas identified. From October 2016 to March 2017, the companies participating in the pilot phase received free technical support from project experts, namely:
- an assessment of their vulnerability to weather and climate events with two inspections for the identification of potential risks the company is exposed to and measures that can be taken to reduce such risks;
- a training program aimed at providing useful knowledge about the prevention and management of risks and emergencies.
In order to enable the largest possible number of Italian SMEs to identify the main weather and climate risks they are exposed to and define possible measures for emergency management and the reduction of risk exposure, in 2017 this experiment will involve another 10 local authorities wishing to participate in the project.
The companies participating in the project will have the opportunity to receive support for:
- identification of the main meteorological and climatic risks they are exposed to;
- the definition of possible actions to prevent and manage risks and emergencies in order to reduce exposure to these risks;
- a training process intended to transfer skills to prevention and risk management staff, with particular focus on meteorological and climate risks.
“The project numbers”
- 1 tool for the self-assessment of risks arising from climate change
- 1 financial instrument to channel funds and support climate change adaptation measures
- 1 public-private partnership model for climate change risk management and financing adaptation
- 30 “resilient” companies involved in the initial trial in the district of Turin
- 10 cities to replicate the trial
- 183,000 companies, users of risk assessment tools (equal to 20% UNIPOL clients)