Glossary

Risk retention

When governments retain and finance disaster costs themselves.

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This report offers an in-depth assessment of pre-arranged financing tools using seven key criteria for ensuring pre-arranged financing reduces the human and financial costs of disasters

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other key terms

Development insurer

An insurer supporting development goals through insurance products and technical assistance.

Vulnerability

Conditions that increase how severely people or communities are affected by hazards.

Shock-responsive social protection

Social protection systems adapted to scale quickly when large shocks affect many people.

International crisis financing system

The network of global organisations funding crisis prevention, preparedness and response.

Crisis protection gap

The difference between expected crisis costs and funding already arranged to cover them.

Ex ante

Actions, decisions or financial arrangements made before a disaster or crisis occurs.