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 moreSovereign insurance
Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters.
Sustainable development
Meeting today’s needs without limiting future generations’ ability to meet theirs.
International premium support
Premium support is international funding to pay for insurance premiums.
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.
Trigger
A predefined threshold that activates payments or actions within risk financing mechanisms.
Risk layering
Using different financial instruments for different disaster frequencies.
