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

Disaster risk finance diagnostic

An analytical assessment of a country’s disaster risk profile.

Anticipatory Action

Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.

Total crisis financing

Development funding focused mainly on crisis prevention, preparedness and response activities.

Index

A measurable indicator used to estimate losses and trigger financial payouts.

Pre-arranged financing

Financing approved before crises that is released automatically when agreed triggers are met.

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.