In the face of mounting challenges posed by climate and non-climate hazards, Climate and Disaster Risk Finance and Insurance (CDRFI) has emerged as a vital component of Comprehensive Disaster Risk Management. By offering a range of financial tools and strategies, CDRFI plays a crucial role in strengthening the resilience of individuals and communities.
The interest in CDRFI within the realm of climate change adaptation continues to grow, including for innovative financing arrangements to address loss and damage associated with climate change. It is helpful to have a clear understanding of the terminology used by industry experts and practitioners, including stakeholders from the public and the private sector. This understanding enables everyone to be on the same page and to make informed decisions.
To facilitate this understanding, the Solutions and Practice Partnerships team at MCII has curated the following list of concise and easily comprehensible definitions for key concepts commonly used in the CDRFI community. Please feel free to access and download the publication here.