Indemnity insurance
A (re)insurance contract which pays out compensation worth the ultimate net loss of a specific asset. This type of insurance can be useful in protecting high-value assets such as homes, where there is a relatively narrow scope of potential loss. Insurance payouts are determined based on an assessment of losses after an event has occurred (InsuResilience Global Partnership 2020).
This insight paper aims to support policymakers and practitioners as they seek to scale up financial protection against climate-related shocks through sovereign insurance solutions.
Read moreCrisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Crisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
Vulnerability
Conditions that increase how severely people or communities are affected by hazards.
Development bank
A public financial institution providing loans, grants and expertise to support development goals.
Social protection
Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.
Financial Flows
Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.
