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.).

Learn more

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

Read more

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

Read more

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

Read more

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.

Read more

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.

Read more
other key terms

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.

Crisis financing

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

Risk retention

When governments retain and finance disaster costs themselves.

Trigger

A predefined threshold that activates payments or actions within risk financing mechanisms.

International crisis financing system

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