International premium support
Premium support is international funding to pay for insurance premiums. It is paid to or on behalf of vulnerable countries or humanitarian actors to buy insurance coverage (Centre for Disaster Protection).
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.
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The growing scale, duration and impact of refugee crises requires innovative approaches to financing.
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.
Official development assistance (ODA)
Public aid supporting development and welfare in eligible countries, usually on concessional terms.
Disaster
A severe event causing widespread harm that exceeds a community’s ability to cope alone.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
Crisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
