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.
Disaster risk financing
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
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.
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Disaster
A severe event causing widespread harm that exceeds a community’s ability to cope alone.
