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

Risk retention

When governments retain and finance disaster costs themselves.

Development bank

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

Total crisis financing

Development funding focused mainly on crisis prevention, preparedness and response activities.

Disaster risk financing

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

Ex ante

Actions, decisions or financial arrangements made before a disaster or crisis occurs.

Catastrophe bond

A catastrophe bond (cat bond) is a risk-transfer financial instrument that allows governments or insurers to transfer disaster risk to capital market investors.