Boosting social impact with innovative financing: parametric solutions for disaster risk financing

Traditionally, humanitarian aid reacts to catastrophes on a post-event basis. Emergency funding often takes time to arrive or an earmarking of donations make a flexible assignment of immediate help impossible. This process often results in additional lives lost in the time between the occurrence of a disaster and the deployment of aid. This session will give the audience a general understanding of a possibility to increase their social impact with innovative financing solutions and evaluate if such a concept would make sense for their area of specialization. An implementation could potentially save thousands of lives.