CIMA RESEARCH FOUNDATION (IT)
Disaster Risk Financing (DRF) can increase the ability of national and local governments, homeowners, businesses, agricultural producers, and low-income populations to respond more quickly and resiliently to disasters by strengthening public financial management and promoting market-based disaster risk financing.
Recent improvements in quality and availability of satellite-derived characteristics increased the usability of EO products, allowing for better results and further synergies between actors, potentially expanding the market of Disaster Risk Financing applications.
The Project: e-Drift (Disaster RIsk Financing and Transfer), financed by ESA and led by CIMA Research Foundation (IT), aims at improving the performance of the EO products and determine a fully automatic and reproducible way to service DRF applications.
The e-Drift Virtual Platform enables an easy and timely access to various services and products guaranteeing high computing capability and direct access to the EO datasets of the Sentinel constellation. Services will cover several key areas of interest of the insurance market and of Countries that would like to transfer their sovereign risk. The e-Drift Virtual Platform will be released as a PAAS, so that can be embedded in the IT systems of the In-Sector Providers, and as a SAAS, so that can be used by In-Sector Providers by a unique and KISS End User Interface.
The project is also creating a strong network between providers of value-added services utilizing EO data, In-Sector service providers for the insurance market and reinsurance companies as well as other concerned actors in the field like the World Bank, with the final purpose to create new or improved products and solutions for the Insurance sector. The project consortium includes leading companies in the EO value adding, and leading actors in the insurance market and concentrates as a pilot study area in South East Asia, more specifically on Myanmar, Laos and Cambodia.