Risk profile
Underlying risks that an organisation or country is exposed to, the amount of financial protection needed and that is expected to be covered by pre-arranged financing instrument(s), and where there are funding gaps.
This guidance note has been developed to help the increasing number of countries and organisations that are considering or using pre-arranged financing instruments.
Read moreVulnerability
Conditions that increase how severely people or communities are affected by hazards.
Basis risk
The gap between measured indicators and real losses causing payouts to differ from actual damage.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
Crisis
A situation where severe needs overwhelm local and national capacity to respond effectively.
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Other official flows (OOF)
Public funding supporting development that does not meet official aid definitions.
