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 moreAdaptive social protection
Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Risk profile
Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
Indemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Contingent loan (or credit) and grants
A pre approved loan or grant released automatically when agreed crisis conditions or triggers are met.
