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

Hazard

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

Climate resilient debt clause or 'debt pause clause'

A provision in sovereign debt contracts that enables the borrower to temporarily stop repaying debt service for a pre-agreed period when a predefined event occurs.

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.

Indemnity insurance

Insurance that pays based on assessed losses after damage to a specific asset.

Disaster risk management

Policies and actions to reduce disaster risks, manage impacts and strengthen resilience.