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BEACON SIGNED

Boosting Agricultural Insurance based on Earth Observation data

Total Cost €

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EC-Contrib. €

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Partnership

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Project "BEACON" data sheet

The following table provides information about the project.

Coordinator
KARAVIAS MESITES ASFALISEON KAI SYMVOULOI ASFALISEON ANONYMI ETAIRIA 

Organization address
address: EVRIPIODU 12
city: ATHINA
postcode: 10559
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Greece [EL]
 Total cost 2˙351˙700 €
 EC max contribution 1˙733˙415 € (74%)
 Programme 1. H2020-EU.2.1.6.1. (Enabling European competitiveness, non-dependence and innovation of the European space sector)
2. H2020-EU.2.1.6.3. (Enabling exploitation of space data)
 Code Call H2020-SPACE-2018
 Funding Scheme IA
 Starting year 2019
 Duration (year-month-day) from 2019-01-01   to  2022-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    KARAVIAS MESITES ASFALISEON KAI SYMVOULOI ASFALISEON ANONYMI ETAIRIA EL (ATHINA) coordinator 501˙603.00
2    AGRO APPS I.K.E. EL (THESSALONIKI) participant 378˙437.00
3    ETAM ANONYMH ETAIREIA SYMBOYLEYTIKON KAI MELETHTIKON YPIRESION EL (IRAKLEIO) participant 233˙625.00
4    UNIVERSIDAD POLITECNICA DE MADRID ES (MADRID) participant 180˙000.00
5    INOSENS DOO NOVI SAD RS (NOVI SAD) participant 170˙625.00
6    ETHERISC GMBH DE (ICKING) participant 158˙375.00
7    FACULTY OF CIVIL ENGINEERING RS (BELGRADE) participant 110˙750.00
8    CREVIS BE (BRUXELLES) participant 0.00

Map

 Project objective

To objective of the BEACON project is to develop a commercial service package that will enable insurance companies to exploit the untapped market potential of Agricultural Insurance, taking advantage of innovations in Earth Observation, weather intelligence and ICT / blockchain technology. BEACON will enable insurance companies to alleviate the effect of weather uncertainty when estimating risk for Agricultural Insurance products, reduce the number of on-site visits for claim verification, reduce operational and administrative costs for monitoring of insured indexes and contract handling, and design more accurate and personalized contracts. Through an early warning service they will be able to inform their customers (farmers) for potential crop risks related with weather conditions, and advise them to take all the necessary actions to mitigate the impact of weather in their crops. EO data derived by Copernicus Sentinel missions as well as by missions contributing to Copernicus will be used to develop the data products that will act as a complementary source to the information used by insurance companies to design their products and assess natural disasters. Weather intelligence based on data assimilation, numerical weather prediction and ensemble seasonal forecasting will be used to verify the occurrence of a catastrophic weather event and to predict future perils. ICT / blockchain technology will be used for the smart contract service, to provide insurance companies with an automated method for paying out damages to insured parties. The BEACON services will be deployed in the operational environment of more than 10 companies in the insurance sector, openly demonstrating and validating its value proposition and acceptance as a marketable commercial solution. A business model will be developed and validated using the Lean Start-up methodology, and a global roll-out of BEACON will be designed.

 Deliverables

List of deliverables.
Risk management plan Documents, reports 2020-04-02 20:46:42
\'\'Agriculural Ins. Enablers\'\' - Advisory Board report Documents, reports 2020-04-02 20:46:29
Dissemination, Exploitaiton and Communication Documents, reports 2020-04-02 20:46:19
Data management plan Open Research Data Pilot 2020-04-02 20:46:08
BEACON training material Demonstrators, pilots, prototypes 2020-04-02 20:45:56

Take a look to the deliverables list in detail:  detailed list of BEACON deliverables.

 Publications

year authors and title journal last update
List of publications.
2020 María del Pilar Jiménez-Donaire, Ana Tarquis, Juan Vicente Giráldez
Evaluation of a combined drought indicator and its potential for agricultural drought prediction in southern Spain
published pages: 21-33, ISSN: 1684-9981, DOI: 10.5194/nhess-20-21-2020
Natural Hazards and Earth System Sciences 20/1 2020-03-19
2019 Juan José Martín-Sotoca, Antonio Saa-Requejo, Rubén Moratiel, Nicolas Dalezios, Ioannis Faraslis, Ana María Tarquis
Statistical analysis for satellite-index-based insurance to define damaged pasture thresholds
published pages: 1685-1702, ISSN: 1684-9981, DOI: 10.5194/nhess-19-1685-2019
Natural Hazards and Earth System Sciences 19/8 2020-03-19

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The information about "BEACON" are provided by the European Opendata Portal: CORDIS opendata.

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