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 moreCovariate shocks
Shocks affecting many households at once where losses are shared across the same community.
Crisis protection gap
The difference between expected crisis costs and funding already arranged to cover them.
Hazard
A natural or human process that can cause injury, damage or disruption.
Resilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
Fragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
Adaptive social protection
Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.
