Glossary

Parametric insurance

A type of insurance that does not indemnify the pure loss but agrees before the event to make a payment dependent on an index. Also known as index insurance. (Clarke and Dercon, 2016).

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other key terms

Early warning system

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

Accountability

Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.

Crisis financing

Funding designed to prevent, prepare for and respond to crises before and after they occur.

Total crisis financing

Development funding focused mainly on crisis prevention, preparedness and response activities.

Other official flows (OOF)

Public funding supporting development that does not meet official aid definitions.

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.