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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This synthesis report examines the role that insurance can play in supporting sustainable development and growth

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This paper charts the evolution of the World Bank’s approach to crisis risk financing.

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other key terms

Disaster

A severe event causing widespread harm that exceeds a community’s ability to cope alone.

Vulnerability

Conditions that increase how severely people or communities are affected by hazards.

Crisis risk

The likelihood of harm or loss from crises shaped by hazards, exposure, vulnerability and capacity.

Early warning system

Systems that monitor hazards and share information early, so people can act in time.

Adaptive social protection

Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.

Disaster risk finance diagnostic

An analytical assessment of a country’s disaster risk profile.