Glossary
Annual Report
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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 moreother key terms
Pre-arranged financing
Financing approved before crises that is released automatically when agreed triggers are met.
Indemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Cost multiple
The cost multiple measures the average amount a government pays to receive USD 1 of payout from a financing instrument over its lifetime.
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Prevention
Actions taken to avoid or reduce the impacts of future crises and hazards.
Crisis risk
The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.
