Other official flows (OOF)
'Aid-like' flows from official donors to developing countries, which do not meet the strict definition of ODA, but which contribute at least in part to development. The official definition is: “Transactions by the official sector with countries on the DAC List of ODA Recipients which do not meet the conditions for eligibility as Official Development Assistance, either because they are not primarily aimed at development, or because they have a grant element of less than 25 per cent." (OECD 2023)
Attachment point
The loss level above which a reinsurer begins paying under a reinsurance agreement.
Disaster risk management
Policies and actions to reduce disaster risks, manage impacts and strengthen resilience.
Risk profile
Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.
Indemnity insurance
Insurance that pays based on assessed losses after damage to a specific asset.
Preparedness
Skills, systems and resources developed to respond effectively to likely future crises.
Vulnerability
Conditions that increase how severely people or communities are affected by hazards.
