Crisis
A situation creating severe and widespread needs that exceed the existing local and national capacities to prevent, mitigate, or respond. This includes crises arising from a range and combination of hazards including conflict, weather and climate-related events and stresses, and disease (Centre for Disaster Protection).
Alongside the Airbel Research and Innovation Lab we provide key lessons for how effective crisis response can be financed and triggered
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This paper and accompanying policy brief detail how the CRW has been used to date, and identifies a number of concrete ways of improving its performance.
Read moreIndemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Shock-responsive social protection
Social protection systems adapted to scale quickly when large shocks affect many people.
Contingent loan (or credit) and grants
A pre approved loan or grant released automatically when agreed crisis conditions or triggers are met.
Risk transfer
When disaster risk is shifted to insurers or capital markets.
Ex ante
Actions, decisions or financial arrangements made before a disaster or crisis occurs.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
