Glossary

Annual Report

Learn more

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.

Read more
other key terms

Covariate shocks

Shocks affecting many households at once where losses are shared across the same community.

Sustainable development

Meeting today’s needs without limiting future generations’ ability to meet theirs.

Development insurer

An insurer supporting development goals through insurance products and technical assistance.

Catastrophe bond

A catastrophe bond (cat bond) is a risk-transfer financial instrument that allows governments or insurers to transfer disaster risk to capital market investors.

Social protection

Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.

Pre-arranged financing

Financing approved before crises that is released automatically when agreed triggers are met.