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 moreAnticipatory Action
Actions taken before a crisis hits to prevent or reduce potential disaster impacts prior to a shock or before acute impacts are felt.
Development insurer
An insurer supporting development goals through insurance products and technical assistance.
Basis risk
The gap between measured indicators and real losses causing payouts to differ from actual damage.
Shock-responsive social protection
Social protection systems adapted to scale quickly when large shocks affect many people.
Contingent loan (or credit) and grants
A pre approved loan released automatically when agreed crisis conditions or triggers are met.
Accountability
Being responsible for decisions and resources, listening to affected people, and accepting consequences for actions taken.
