Insurance

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 [Möller, V, J.B.R. Matthews, R. van Diemen, C. Méndez, S. Semenov, J.S. Fuglestvedt, A. Reisinger (eds.)]. In: Climate Change 2022: Impacts, Adaptation, and Vulnerability. Contribution of Working Group II to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change [H.-O. Pörtner, D.C. Roberts, M. Tignor, E.S. Poloczanska, K. Mintenbeck, A. Alegría, M. Craig, S. Langsdorf, S. Löschke, V. Möller, A. Okem, B. Rama (eds.)]. Cambridge University Press. In Press.

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

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