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.
Read moreIndemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Climate resilient debt clause or 'debt pause clause'
A provision in sovereign debt contracts that enables the borrower to temporarily stop repaying debt service for a pre-agreed period when a predefined event occurs.
Catastrophe bond
A catastrophe bond (cat bond) is a risk-transfer financial instrument that allows governments or insurers to transfer disaster risk to capital market investors.
Social protection
Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.
Preparedness
Skills, systems and resources developed to respond effectively to likely future crises.
Risk layering
Using different financial instruments for different disaster frequencies.
