Glossary
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).
other key terms
Attachment point
The loss level above which a reinsurer begins paying under a reinsurance agreement.
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.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
Risk retention
When governments retain and finance disaster costs themselves.
Adaptive social protection
Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.
