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
Risk profile
Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.
Indemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Preparedness
Skills, systems and resources developed to respond effectively to likely future crises.
Crisis protection gap
The difference between expected crisis costs and funding already arranged to cover them.
Early warning system
Systems that monitor hazards and share information early, so people can act in time.
Fragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
