Fragility
The combination of exposure to risk and insufficient coping capacity of the state, system and/or communities to manage, absorb or mitigate those risks. Fragility can lead to negative outcomes including violence, the breakdown of institutions, displacement, humanitarian crises or other emergencies (OECD 2016).
This insight paper aims to improve the reader’s understanding of two initiatives aiming to address aspects of climate challenge.
Read moreHazard
A natural or human process that can cause injury, damage or disruption.
Risk transfer
When disaster risk is shifted to insurers or capital markets.
Attachment point
The loss level above which a reinsurer begins paying under a reinsurance agreement.
Pre-arranged financing
Financing approved before crises that is released automatically when agreed triggers are met.
Ex ante
Actions, decisions or financial arrangements made before a disaster or crisis occurs.
Crisis
A situation where severe needs overwhelm local and national capacity to respond effectively.
