Glossary

Attachment point

In non-proportional reinsurance, an amount over which a reinsurer agrees to start paying benefits (Reinsurance Glossary 2020).

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other key terms

Crisis risk

The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.

Basis risk

The gap between measured indicators and real losses causing payouts to differ from actual damage.

Financial Flows

Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.

International premium support

Premium support is international funding to pay for insurance premiums.

Development bank

A public financial institution providing loans, grants and expertise to support development goals.

Adaptive social protection

Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.