Insurance

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Definition

A family of financial instruments for sharing and transferring risk among a pool of at-risk households, businesses, and/or governments.

Source

IPCC (2022). Annex II – Glossary. In IPCC (2022) Climate Change 2022: Impacts, Adaptation and Vulnerability.

Available at https://www.ipcc.ch/report/ar6/wg2/


Back to Definitions

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