Parametric insurance
A type of insurance that does not indemnify the pure loss but agrees before the event to make a payment dependent on an index. Also known as index insurance. (Clarke and Dercon, 2016).
One of the first attempts to insure children's learning against drought. What happens when parametric insurance meets education, and when is it the right tool?
Read moreShock-responsive social protection
Social protection systems adapted to scale quickly when large shocks affect many people.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Pre-arranged financing
Financing approved before crises that is released automatically when agreed triggers are met.
Fragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
Prevention
Actions taken to avoid or reduce the impacts of future crises and hazards.
International premium support
Premium support is international funding to pay for insurance premiums.
