Glossary
Development insurer
Financial institution that offers insurance and complementary technical assistance, tied to explicit development objectives (Centre for Disaster Protection).
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other key terms
Basis risk
The gap between measured indicators and real losses causing payouts to differ from actual damage.
Parametric insurance
Insurance that pays when an agreed indicator reaches a set level, not actual losses.
Adaptive social protection
Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.
Pre-arranged financing
Financing approved before crises that is released automatically when agreed triggers are met.
Development bank
A public financial institution providing loans, grants and expertise to support development goals.
Index
A measurable indicator used to estimate losses and trigger financial payouts.
