Glossary
Ex ante
Latin for ‘from before’. In the context of disaster events, ex ante instruments are arranged before the event, and ex ante decisions are made at that time as well (Clarke and Dercon 2016).
other key terms
Disaster risk management
Policies and actions to reduce disaster risks, manage impacts and strengthen resilience.
Basis risk
The gap between measured indicators and real losses causing payouts to differ from actual damage.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
International premium support
Premium support is international funding to pay for insurance premiums.
Development insurer
An insurer supporting development goals through insurance products and technical assistance.
Prevention
Actions taken to avoid or reduce the impacts of future crises and hazards.
