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

Development insurer

An insurer supporting development goals through insurance products and technical assistance.

Crisis risk

The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.

Preparedness

Skills, systems and resources developed to respond effectively to likely future crises.

Risk profile

Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.

Crisis protection gap

The difference between expected crisis costs and funding already arranged to cover them.

Disaster risk financing

Financial arrangements made in advance to pay for disaster prevention, response and recovery.