Glossary

Crisis

A situation creating severe and widespread needs that exceed the existing local and national capacities to prevent, mitigate, or respond. This includes crises arising from a range and combination of hazards including conflict, weather and climate-related events and stresses, and disease (Centre for Disaster Protection).

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Alongside the Airbel Research and Innovation Lab we provide key lessons for how effective crisis response can be financed and triggered

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This paper and accompanying policy brief detail how the CRW has been used to date, and identifies a number of concrete ways of improving its performance.

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other key terms

Pre-arranged financing

Financing approved before crises that is released automatically when agreed triggers are met.

Disaster risk finance diagnostic

An analytical assessment of a country’s disaster risk profile.

Vulnerability

Conditions that increase how severely people or communities are affected by hazards.

Accountability

Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.

Attachment point

The loss level above which a reinsurer begins paying under a reinsurance agreement.

Early warning system

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