Denmark : Helping Zurich Insurance accelerate flood resilience program.
By developing an advanced impact assessment framework Ramboll assists one of the worlds largest insurance companies supporting communities to become more climate resilient.
In 2013, the global insurer Zurich decided to support climate adaptation and flood-risk management more actively. By setting up a Flood Resilience Alliance Zurich Insurance hence started helping communities better cope with flood risks via research, community-based programs and risk expertise.
This initiative proved successful, and it was recently decided to design an Alliance 2.0 which will strengthen collaboration between Zurich Insurance and academic and NGO partners in order to accelerate the impact.
Impact assessment is crucial
One of the main ambitions for the Zurich Flood Resilience Alliance 2.0 is to attract much more investment into ex-ante (before the event) prevention actions and resilience building. To encourage ex-ante flood resilience measures as well as attracting investment it is however crucial to enable a tracking of the investments made and the impact the resilience efforts have on communities as well as on peoples lives.
Therefore, Zurich is working with Ramboll to develop an Impact Assessment Framework.
We have been chosen to create an impact assessment framework which can assist the alliance members tracking their activities and evaluating them in terms of leveraging new investments and influencing decision-makers, says Matilda Persson, Project Manager in Rambolls global Water Division, adding:
The framework should also generate a deeper understanding of how and why the alliance specifically contributes to making communities worldwide more resilient.
Building on experience and lessons learned
Attempts at this have already been done through the Zurich Flood Resilience Measurement Tool developed in the first phase of the program, and the new framework will build on experiences made and lessons learned. In addition to this, the contribution from the Zurich Flood Resilience Alliance towards a paradigm shift in ex-ante investment on a policy level will be included in the impact assessment.
We are measuring impact in line with the alliances comprehensive view of resilience which is looking beyond physical assets for protection and includes intangible assets such as for example communities knowledge on disaster risk reduction and flood resilience, says Matilda Persson.
She further explains that the framework will be designed to provide impact assessment on three levels: for the overall program, the impact that resilience building efforts have on communities and, as the third level, the impact of individual resilience-building projects.
The impact assessment framework will be developed during the spring, and the Zurich Flood Resilience Alliance 2.0 will be kicked off in the summer.
[c] 2018 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Feb 21, 2018|
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