Glossary

Climate

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This insight paper aims to improve the reader’s understanding of two initiatives aiming to address aspects of climate challenge.

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This paper explores how DRF instruments are being framed and understood within the panorama of Loss and Damage policy and finance agendas, highlighting areas of contention and sensitivity.

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In the face of increasing climate volatility and stretched aid budgets, more effective ways to support households in times of crisis are needed.

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This paper examines the role insurance can play as part of a wider strategy to help societies adapt to climate change and recover from disasters.

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This synthesis report examines the role that insurance can play in supporting sustainable development and growth

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other key terms

Sustainable development

Meeting today’s needs without limiting future generations’ ability to meet theirs.

Adaptive social protection

Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.

Attachment point

The loss level above which a reinsurer begins paying under a reinsurance agreement.

Cost multiple

The cost multiple measures the average amount a government pays to receive USD 1 of payout from a financing instrument over its lifetime.

Official development assistance (ODA)

Public aid supporting development and welfare in eligible countries, usually on concessional terms.

Vulnerability

Conditions that increase how severely people or communities are affected by hazards.