Glossary
Sahel
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.
