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 moreAdaptive social protection
Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.
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.
Disaster risk financing
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
Covariate shocks
Shocks affecting many households at once where losses are shared across the same community.
