Case Study: Trøndelag, Norway

Partnership and Stakeholder Collaboration

In the picturesque region of Trøndelag Norway, the Soteria project develops collaborative partnerships to address climate risks. With Kommunal Landspensjonskasse gjensidig forsikringsselskap (KLP) leading the insurance front, supported by CRA and MITI, our consortium engages key stakeholders such as The National Association of Homeowners, The Norwegian Association of Local and Regional Authorities, Finance Norway, and The Norwegian Directorate for Civil Protection. This collaborative approach ensures the co-creation of tailored solutions to safeguard Trøndelag against climate hazards.

Local Resilience Initiatives

Trøndelag faces a range of climate hazards, including stormwater, floods, marine storm surge, and landslides. Through the implementation of Nature-Based Solutions (NBS), our project aims to bolster local resilience initiatives. By integrating innovative insurance strategies, we seek to incentivise climate change adaptation (CCA) and enhance Trøndelag's capacity to mitigate and respond to climate-related risks.

Innovative Pilot Approaches

Our pilot initiative in Trøndelag focuses on testing new criteria in property insurance that incentivise climate change adaptation. By collaborating with municipalities, we aim to develop public procurement strategies that integrate insurance for climate change adaptation. Additionally, our pilot project on green insurance for municipalities serves as a pioneering step towards fostering sustainable and resilient communities in Trøndelag.

Key Performance Indicators (KPIs)

To measure the impact of our initiatives, we have established clear Key Performance Indicators (KPIs). These include the testing of new criteria in property insurance, the development of public procurement strategies by municipalities, and the implementation of green insurance pilots. These KPIs serve as vital benchmarks to gauge the success of our efforts in enhancing climate resilience and fostering sustainable development in Trøndelag, Norway.