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 moreResilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Fragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
Disaster risk finance diagnostic
An analytical assessment of a country’s disaster risk profile.
Disaster risk financing
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
Disaster risk management
Policies and actions to reduce disaster risks, manage impacts and strengthen resilience.
