Basis Risk In Disaster Financing For Humanitarian Action
This insight paper examines the challenge of handling basis risk in disaster risk financing systems. It argues how the use of data and management of basis risk has the potential to significantly increase the neutrality and impartiality of humanitarian decision-making, offering a new type of financing and increased accountability.
Key Findings
Key Terms Used In This Report
The gap between measured indicators and real losses causing payouts to differ from actual damage.
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.
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