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

Resilience

The ability to withstand shocks, adapt, recover and continue functioning over time.

Development bank

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

Crisis risk

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

Social protection

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

Risk profile

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

Early warning system

Systems that monitor hazards and share information early, so people can act in time.