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

International premium support

Premium support is international funding to pay for insurance premiums.

Crisis risk

The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.

Prevention

Actions taken to avoid or reduce the impacts of future crises and hazards.

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.

International crisis financing system

The network of global organisations funding crisis prevention, preparedness and response.

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.