Glossary

Sahel

Learn more
other key terms

Risk layering

Using different financial instruments for different disaster frequencies.

Disaster risk financing

Financial arrangements made in advance to pay for disaster prevention, response and recovery.

Development insurer

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

Covariate shocks

Shocks affecting many households at once where losses are shared across the same community.

Resilience

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

Preparedness

Skills, systems and resources developed to respond effectively to likely future crises.