Glossary

Risk transfer

When disaster risk is shifted to insurers or capital markets.

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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

Crisis financing

Funding designed to prevent, prepare for and respond to crises before and after they occur.

Fragility

High exposure to risk combined with weak capacity to cope, often leading to crisis.

Adaptive social protection

Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.

Resilience

The ability to withstand shocks, adapt, recover and continue functioning over time.

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.