Glossary

Crisis protection gap

The difference between total expected contingent liabilities of national or international responders (i.e. the costs they can expect to incur in responding to crises) and the expected funding available to meet these costs through pre-arranged financing mechanisms.

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A Year in Review 2024–25 shows how the Centre for Disaster Protection is turning ideas into impact.

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This report outlines ten strategic recommendations for closing the crisis protection gap, providing an ambitious roadmap for the next decade.

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This report synthesises research exploring the feasibility of producing quantitative estimates of the costs of crisis protection across a variety of geographies and crisis types.

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This paper examines the evidence on how to prepare better for disasters.

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other key terms

Parametric insurance

Insurance that pays when an agreed indicator reaches a set level, not actual losses.

Adaptive social protection

Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.

Basis risk

The gap between measured indicators and real losses causing payouts to differ from actual damage.

Risk layering

Using different financial instruments for different disaster frequencies.

Risk retention

When governments retain and finance disaster costs themselves.

Risk profile

Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.