The PIISA (Piloting Innovative Insurance Solutions for Adaptation) project is working to reduce the climate change adaptation gap and insurance protection gap by developing and piloting new insurance and risk-sharing concepts. This deliverable focuses on the two forest pilots developed in PIISA: Windthrow risks for Forests and Wildfire risks in Portugal. Both pilots aim to develop, test, and demonstrate innovative insurance solutions and climate services that support adaptation, reduce vulnerability, and bridge existing protection gaps. The windthrow risk was addressed through the development of a scalable modelling framework integrating wind hazard and exposure data, and vulnerability characteristics, to develop a wind power exposure index for insurance innovation. Piloting started with co-design with stakeholders in Germany (Task 3.4.1). The wildfire risk included the integration of adaptation measures – specifically fuel management networks – into hazard modelling, allowing burn probability reductions to be explicitly quantified and linked to indicative insurance pricing in Portugal (Task 3.4.2). Together, these pilots test the hypothesis that adaptation can be made financially viable within insurance systems and that climate services can support more informed underwriting and forest management decisions. This deliverable synthesizes the full piloting process for each pilot, summarizing co-creation processes with stakeholders, modelling developments, results, awareness-raising efforts, and final recommendations and next steps for enhancing adaptation through insurance.
Kochar et al. (Fri,) studied this question.