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KARAVIAS UNDERWRITING AGENCY

KARAVIAS MESITES ASFALISEON KAI SYMVOULOI ASFALISEON ANONYMI ETAIRIA - KARAVIA INSURANCE BROKERS AND INSURANCE ADVISORS SOCIETE ANONYME
Country: Greece

KARAVIAS UNDERWRITING AGENCY

3 Projects, page 1 of 1
  • Funder: European Commission Project Code: 821964
    Overall Budget: 2,351,700 EURFunder Contribution: 1,733,420 EUR

    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.

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  • Funder: European Commission Project Code: 101168011
    Funder Contribution: 3,998,860 EUR

    CONSENTIS is geared to alleviate the challenges posed by personal data sharing towards the implementation of EU regulations and strategic initiatives like eIDAS, EU Data Spaces and GDPR. It introduces a novel framework which offers Self-Sovereign Identity and user-centric consent management solutions that enables users to (a) have full control over their personal data collection and usage and (b) provide informed consent through user-friendly interfaces and notifications. The proposed framework is agnostic to existing services and formats and guarantees high levels of protection avoiding potential legal uncertainty, through a continuous assessment mechanism for security, risk and legal aspects. CONSENTIS is an industry-oriented project, with SMEs and large companies covering more than 80% of the consortium and is built on a collaboration of 12 organisations from 9 EU member states and associated countries. The Consortium includes: 2 academic institutions, 8 SMEs and 2 large industry partners that bear strong interest and relevance to the project objectives and are highly committed in the delivery of scientific excellence and innovation in the fields of identity management and SSI, consent management, blockchain and smart contracts, user interfaces/user experience, cybersecurity and PETs, business and market impact and EU laws, policies and regulations for human rights and technology.

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  • Funder: European Commission Project Code: 101120853
    Overall Budget: 7,573,750 EURFunder Contribution: 5,964,850 EUR

    SYNAPSE aims to design, develop & deliver an Integrated Cyber Security Risk & Resilience Management Platform, with holistic Situational Awareness, Incident Response & Preparedness capabilities. The proposed platform will encompass: (i) Incident Response through process automation and orchestration mechanisms, also covering organisational/business aspects (e.g., business continuity processes); (ii) AI-enhanced Situational Awareness, encompassing extraction & analytics of actionable and pertinent Cyber Threat Intelligence (CTI), along with attack early warning & threat hunting systems; (iii) Preparedness through cybersecurity, privacy & business continuity training, covering different training delivery means, allowing it to tailor the delivery method to the content; (iv) Technical & economic risk management, integrating outputs of (i)-(iii) above and supporting risk-benefit analyses (including what-if scenarios) to inform decision-making and enable risk transfer schemes with Smart Contract-enabled cybersecurity insurance; (v) Continuous feedback between (i)-(iv) above, along with standards-based sharing, alerting & reporting (intra- & inter- Member State), based on outputs of (i)-(iii) above, thus enabling the establishment of shared situational awareness, coordinated response and joint preparedness

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