Glossary

Disaster risk management

Disaster risk management is the application of disaster risk reduction policies and strategies to prevent new disaster risk, reduce existing disaster risk and manage residual risk, contributing to the strengthening of resilience and reduction of disaster losses (UNDRR n.d.).

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This technical brief, authored by CERDI and supported by the Centre for Disaster Protection, provides an in-depth analysis of flood risk in Chad.

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This guidance note provides an overview of the Centre for Disaster Protection’s quality assurance service—a free-to-use and impartial service.

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This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

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This paper explores how DRF instruments are being framed and understood within the panorama of Loss and Damage policy and finance agendas, highlighting areas of contention and sensitivity.

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This paper examines the role insurance can play as part of a wider strategy to help societies adapt to climate change and recover from disasters.

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other key terms

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.

Crisis protection gap

The difference between expected crisis costs and funding already arranged to cover them.

Covariate shocks

Shocks affecting many households at once where losses are shared across the same community.

Risk retention

When governments retain and finance disaster costs themselves.

Attachment point

The loss level above which a reinsurer begins paying under a reinsurance agreement.

Crisis financing

Funding designed to prevent, prepare for and respond to crises before and after they occur.