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
Vulnerability
Conditions that increase how severely people or communities are affected by hazards.
Official development assistance (ODA)
Public aid supporting development and welfare in eligible countries, usually on concessional terms.
Disaster risk finance diagnostic
An analytical assessment of a country’s disaster risk profile.
Indemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Crisis financing
Funding designed to prevent, prepare for and respond to crises before and after they occur.
Risk retention
When governments retain and finance disaster costs themselves.
