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 moreFragility
High exposure to risk combined with weak capacity to cope, often leading to crisis.
Index
A measurable indicator used to estimate losses and trigger financial payouts.
Risk retention
When governments retain and finance disaster costs themselves.
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.
Development bank
A public financial institution providing loans, grants and expertise to support development goals.
Covariate shocks
Shocks affecting many households at once where losses are shared across the same community.
