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

Contingent liabilities

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

Risk layering

Using different financial instruments for different disaster frequencies.

Social protection

Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.

Disaster

A severe event causing widespread harm that exceeds a community’s ability to cope alone.

Index

A measurable indicator used to estimate losses and trigger financial payouts.

Risk transfer

When disaster risk is shifted to insurers or capital markets.