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
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
Risk transfer
When disaster risk is shifted to insurers or capital markets.
Fragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
Hazard
A natural or human process that can cause injury, damage or disruption.
Risk layering
Using different financial instruments for different disaster frequencies.
Anticipatory Action
Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.
