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

Accountability

Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.

Basis risk

The gap between measured indicators and real losses causing payouts to differ from actual damage.

Development insurer

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

Other official flows (OOF)

Public funding supporting development that does not meet official aid definitions.

International premium support

Premium support is international funding to pay for insurance premiums.

Parametric insurance

Insurance that pays when an agreed indicator reaches a set level, not actual losses.