Glossary
Hazard
A process, phenomenon or human activity that may cause loss of life, injury or other health impacts, property damage, social and economic disruption or environmental degradation (UNISDR 2016).
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other key terms
Risk retention
When governments retain and finance disaster costs themselves.
Anticipatory Action
Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.
Shock-responsive social protection
Social protection systems adapted to scale quickly when large shocks affect many people.
Risk layering
Using different financial instruments for different disaster frequencies.
International premium support
Premium support is international funding to pay for insurance premiums.
Vulnerability
Conditions that increase how severely people or communities are affected by hazards.
