Development bank
Financial institution that offers financing (typically in the form of loans and grants) and complementary technical assistance, tied to explicit development objectives (Centre for Disaster Protection).
Contingent loan (or credit) and grants
A pre approved loan or grant released automatically when agreed crisis conditions or triggers are met.
Index
A measurable indicator used to estimate losses and trigger financial payouts.
Hazard
A natural or human process that can cause injury, damage or disruption.
Resilience
The ability to withstand shocks, adapt, recover and continue functioning over time.
Financial Flows
Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.
Attachment point
The loss level above which a reinsurer begins paying under a reinsurance agreement.
