Climate and Disaster Risk Finance and Insurance (CDRFI), one of the integral components of Comprehensive Disaster Risk Management by national governments, has gained significant importance. It is fast becoming an indispensable component of climate change and disaster mitigation efforts.

But what exactly is CDRFI?

The frequency and impacts of climate and non-climate related hazards are increasing, and they represent a significant risk to societies and economies around the world.

CDRFI refers to financial instruments and strategies that aim to improve the financial preparedness and resilience of individuals and societies against climate and natural hazards.

As interest in CDRFI grows within the discussion of climate change adaptation, a clear understanding of the language used by industry experts and practitioners is crucial.

This list of 25 key terms aims to provide concise, easy-to understand definitions of the main concepts that are commonly used by the CDRFI community.