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

Risk profile

Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.

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.

International crisis financing system

The network of global organisations funding crisis prevention, preparedness and response.

Disaster risk financing

Financial arrangements made in advance to pay for disaster prevention, response and recovery.

Adaptive social protection

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

International premium support

Premium support is international funding to pay for insurance premiums.