Glossary
Attachment point
In non-proportional reinsurance, an amount over which a reinsurer agrees to start paying benefits (Reinsurance Glossary 2020).
other key terms
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Disaster risk financing
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
Anticipatory Action
Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.
Vulnerability
Conditions that increase how severely people or communities are affected by hazards.
Disaster risk finance diagnostic
An analytical assessment of a country’s disaster risk profile.
