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 moreInternational crisis financing system
The network of global organisations funding crisis prevention, preparedness and response.
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Index
A measurable indicator used to estimate losses and trigger financial payouts.
Contingent liabilities
Possible financial obligations that only become real if specific future events occur.
Risk layering
Using different financial instruments for different disaster frequencies.
