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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Paper

Addressing Loss And Damage: Insights On The Fund And The Global Shield

This insight paper aims to improve the reader’s understanding of two initiatives aiming to address aspects of climate challenge.

Brief

Opportunity Cost Of Covid-19 Budget Reallocations: South Africa

This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

other key terms

Disaster risk financing

Financial arrangements made in advance to pay for disaster prevention, response and recovery.

Development insurer

An insurer supporting development goals through insurance products and technical assistance.

Early warning system

Systems that monitor hazards and share information early, so people can act in time.

Financial Flows

Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.

Risk transfer

When disaster risk is shifted to insurers or capital markets.

Disaster

A severe event causing widespread harm that exceeds a community’s ability to cope alone.