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 moreBasis risk
The gap between measured indicators and real losses causing payouts to differ from actual damage.
Anticipatory Action
Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.
Covariate shocks
Shocks affecting many households at once where losses are shared across the same community.
Risk retention
When governments retain and finance disaster costs themselves.
Preparedness
Skills, systems and resources developed to respond effectively to likely future crises.
Hazard
A natural or human process that can cause injury, damage or disruption.
