Development insurer
Financial institution that offers insurance and complementary technical assistance, tied to explicit development objectives (Centre for Disaster Protection).
Crisis
A situation where severe needs overwhelm local and national capacity to respond effectively.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Covariate shocks
Shocks affecting many households at once where losses are shared across the same community.
Cost multiple
The cost multiple measures the average amount a government pays to receive USD 1 of payout from a financing instrument over its lifetime.
Disaster risk financing
Financial arrangements made in advance to pay for disaster prevention, response and recovery.
Social protection
Policies and programmes designed to reduce and prevent poverty and vulnerability throughout the life cycle.
