This blog reviews the record payouts from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) after Hurricane Beryl. The blog is part of a new ‘Hurricane Beryl’ blog series, which draws lessons about how pre-arranged financing is evolving to meet the ever-increasing costs of preparing for and responding to future climate shocks.

As the toolkit for pre-arranged financing expands, it is becoming increasingly challenging for governments to determine which instrument, or combination of instruments, best meets their needs. There is no single ‘best’ PAF instrument. This report offers an in-depth assessment of pre-arranged financing tools using seven key criteria for ensuring pre-arranged financing reduces the human and financial costs of disasters.

In an era marked by an increasing frequency and severity of climate-related disasters, the ability to respond swiftly and effectively has never been more critical. The Centre for Disaster Protection’s report, The State of Pre-Arranged Financing for Disasters 2024, offers a detailed analysis of to what extent pre-arranged financing is shaping disaster response across the globe.

Our new insight paper explores the complexities of international premium support and identifies core challenges with current approaches to the allocation and design of premium subsidies. It underscores the pressing need for reform.

A Year in Review is the Centre’s first published annual report. It details our progress and the challenges we’ve encountered, and showcases our impact from July 2023 to June 2024.

Cristina Stefan, Lead Risk Finance Adviser, and Anna DeGrauw, Policy and Strategic Partnerships Officer, take a look at what the World Bank’s new Crisis Toolkit means for IDA countries, and what it could do to strengthen pre-arranged financing targets, crisis preparedness and partnerships.

In a new three-part podcast series, the Counter Crisis, experts discuss the state of pre-arranged financing for disasters, how we can prevent climate-related disasters from devastating the lives of the most vulnerable, and how to be ready for the next pandemic.

After the compounding crises of the past few years, political leaders and publics are understandably keen to put pandemics in the rearview mirror and focus on other issues. Yet the evidence is blinking red that delaying action to improve pandemic prevention, preparedness, and response will only increase the risk of catastrophic losses ―in lives and economies―given a very high likelihood of another COVID-severe pandemic in our lifetime. This blog captures key points from our discussion and lays out an agenda for action on pandemic financing in 2024 for world leaders

Conor’s role at the Centre for Disaster Protection involves enhancing transparency, traceability, and consistency in disaster risk financing (DRF) deals. He is also our expert in the application of risk transfer tools like catastrophe bonds within the development landscape. Read more about how the earth sciences and geophysics specialist came to apply his expertise in disaster risk finance.

The Centre recently published findings from a multi-year research exercise that set out to understand whether it is currently possible to quantify how much money should be pre-arranged to protect low income and vulnerable populations in response to future crises.

Planning and preparing for shocks pays. Pre-arranged financing (PAF) for disasters has the potential to significantly increase the predictability, speed and effectiveness of responses to shocks, reducing the human and financial costs. We know little, however, about how much pre-arranged financing is required to protect crisis-vulnerable people against risk and how far we are from achieving adequate coverage, targeted to the right places, for those people most at risk.

The launch of a new risk transfer instrument by the International Federation of the Red Cross and Red Crescent Societies (IFRC) marks an important milestone for risk transfer in humanitarian contexts. In this blog post our Lead Risk Advisers, Conor Meenan and Cristina Stefan, explain what makes the policy unique.

For the past two years, the Centre for Disaster Protection Advisory team has worked with the International Federation of the Red Cross to explore an innovative financing project supporting the ambition to scale the Disaster Response Emergency Fund using risk transfer and the private insurance market.

Anna Svensson, Policy and Strategic Partnerships Officer, has spent her career working in the not-for-profit sector and multisectoral collaborations. On this International Day for Disaster Risk Reduction, she reflects on the Centre's evidence workstream and how tackling disaster inequality underpins our focus on impactful disaster risk finance.

Cristina Stefan is Lead Risk Finance Adviser at the Centre for Disaster Protection. Her journey into development and epidemic risk financing began nearly a decade ago. In this blog post, she highlights the need for pre-arranged financing, fit-for purpose instruments and the right incentives to facilitate timely and effective outbreak response, if the world is to be ready for the next pandemic.

In our latest insight, Anna DeGrauw explores the critical connection between disaster risk finance and disaster risk reduction within the UN frameworks, emphasising the pivotal role of the G20 in advancing this collaborative agenda given the significant challenges the member countries face. Pre-agreed language and the G20's convening power offer the potential for transformative change.

This blog navigates the complexities surrounding the intricate landscape of funding arrangements aimed at addressing climate-related losses and damages, shedding light on the Global Shield's role as an essential piece in this broader mosaic.

The Centre’s new guidance on accountability provides an accessible framework that applies core elements of accountability to the specificities of DRF instruments. Whether you are promoting, designing, delivering, evaluating or advocating for better DRF initiatives, this guidance is intended to support your work.

The Centre for Disaster Protection recently concluded learning exercises on the Central Emergency Response Fund (CERF) Anticipatory Action (AA) pilots in Nepal and Bangladesh, as part of our process learning support to OCHA. The focus was on moving to greater scale and sustainability for AA in each country. Four key challenges arise from the studies, which are relevant for any anticipatory action actors considering the difficult issue of how to move beyond pilots.

Contributions to help low-income countries pay for insurance premiums has become a ‘must have’ in the disaster risk finance toolbox. However, evidence is lacking on how to design premium subsidies that lead to sustainable protection. In our latest insight, we discuss country ownership, international responsibility and c a global ‘risk deal’ to upscale protection in climate-vulnerable countries.