Sovereign insurance
Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters. Under these arrangements, the government pays a premium and receives a payout when a predefined disaster trigger is met
This working paper presents a framework that compares contingent loans, grants from multilateral development banks, catastrophe bonds, and insurance provided through regional risk pools.
Read moreParametric insurance
Insurance that pays when an agreed indicator reaches a set level, not actual losses.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
Shock-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.
Adaptive social protection
Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.
Indemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
