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).
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.
Covariate shocks
Shocks affecting many households at once where losses are shared across the same community.
Other official flows (OOF)
Public funding supporting development that does not meet official aid definitions.
Risk transfer
When disaster risk is shifted to insurers or capital markets.
Attachment point
The loss level above which a reinsurer begins paying under a reinsurance agreement.
Social protection
Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.
