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).
other key terms
Risk retention
When governments retain and finance disaster costs themselves.
Development insurer
An insurer supporting development goals through insurance products and technical assistance.
International premium support
Premium support is international funding to pay for insurance premiums.
Preparedness
Skills, systems and resources developed to respond effectively to likely future crises.
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.
