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Completed

Case Study

Prince Hendrik Sand Dyke Project

COUNTRY/REGION

Netherlands

START - END DATE

2019 - 2024

REALM

Terrestrial

Construction all-risk coverage to support the restoration of the Prince Hendrick sand dyke that protects a unique ecosystem on the Island of Texel in the Netherlands – a World Heritage Site. The project aims to prevent a major failure of the dyke due to rising sea levels, while simultaneously improving biodiversity and protecting the local community, which benefits from physical protection afforded by the dyke and income from tourism and fishing.

Insurance trigger type

The mechanism by which an insurance payout or financial response is activated

Indemnity

Insurance scheme target

Beneficiary of Insurance Scheme

Public Sector

Insurance scheme developer

The type of institution(s) providing insurance or guarantees

Private

Insured risk

The primary category of risk addressed or managed by the insurance solution.

Risk to Natural Assets and Ecosystems

Insurance product type

Adapted from UNEP FI framework subcategories

Insurance for conservation, restoration and NbS delivery, implementation, performance and management

Partners:

Netherlands Coastline Care Programme, Swiss Re

Referred by:

UNEP FI