Glossary

Sahel

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other key terms

Risk layering

Using different financial instruments for different disaster frequencies.

Sovereign insurance

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

Vulnerability

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

Financial Flows

Financial flows refer to the movement of funds for disaster risk reduction (DRR) and response, covering planned and unplanned sources.

Index

A measurable indicator used to estimate losses and trigger financial payouts.

Shock-responsive social protection

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