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 moreVulnerability
Conditions that increase how severely people or communities are affected by hazards.
Contingent liabilities
Possible financial obligations that only become real if specific future events occur.
Indemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Risk layering
Using different financial instruments for different disaster frequencies.
Crisis protection gap
The difference between expected crisis costs and funding already arranged to cover them.
Disaster
A severe event causing widespread harm that exceeds a community’s ability to cope alone.
