Glossary

Prevention

Activities and measures to avoid existing and new crisis risks, including mitigation activities that lessen or minimise the adverse impacts of a hazardous event without fully avoiding the impacts (the Centre, based on UNISDR 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.

International premium support

Premium support is international funding to pay for insurance premiums.

Sovereign insurance

Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters.

Trigger

A predefined threshold that activates payments or actions within risk financing mechanisms.

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.

Fragility

High exposure to risk combined with weak capacity to cope, often leading to crisis.