Sahel

Sovereign insurance is insurance coverage purchased by a national government to protect its budget against the financial impacts of disasters.

A situation where severe needs overwhelm local and national capacity to respond effectively.

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

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

A severe event causing widespread harm that exceeds a community’s ability to cope alone.

The loss level above which a reinsurer begins paying under a reinsurance agreement.