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

Crisis

A situation where severe needs overwhelm local and national capacity to respond effectively.

Crisis risk

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

Sovereign insurance

Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters.

Cost multiple

The cost multiple measures the average amount a government pays to receive USD 1 of payout from a financing instrument over its lifetime.

Contingent loan (or credit) and grants

A pre approved loan released automatically when agreed crisis conditions or triggers are met.

Hazard

A natural or human process that can cause injury, damage or disruption.