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 morePreparedness
Skills, systems and resources developed to respond effectively to likely future crises.
Covariate shocks
Shocks affecting many households at once where losses are shared across the same community.
Disaster risk financing
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
Risk transfer
When disaster risk is shifted to insurers or capital markets.
Crisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
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.
