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

Sovereign insurance

Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters.

Crisis risk

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

Hazard

A natural or human process that can cause injury, damage or disruption.

Crisis

A situation where severe needs overwhelm local and national capacity to respond effectively.

Development bank

A public financial institution providing loans, grants and expertise to support development goals.

Contingent liabilities

Possible financial obligations that only become real if specific future events occur.