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 moreDevelopment insurer
An insurer supporting development goals through insurance products and technical assistance.
Basis risk
The gap between measured indicators and real losses causing payouts to differ from actual damage.
International premium support
Premium support is international funding to pay for insurance premiums.
Cost multiple
The cost multiple measures the average amount a government pays to receive USD 1 of payout from a financing instrument over its lifetime.
Prevention
Actions taken to avoid or reduce the impacts of future crises and hazards.
Crisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
