Glossary

Sustainable development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs (UN 1987).

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This brief forms part of a cross-country study on the opportunity cost of reallocating budgets in response to disasters.

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This guidance document offers practical steps on how to capture lessons from DRF initiatives.

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We explore the key issues in developing a methodology for calculating pre-arranged funding.

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This research has highlighted the flaws in the current system which is not always able to support response where need is greatest.

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It is well known that in the event of a disaster, the speed of response is key, this report examines the options that may be available.

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This guidance note sets out practical ways to ensure quality, independent scrutiny and improved learning in your DRF initiatives.

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This synthesis report examines the role that insurance can play in supporting sustainable development and growth

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other key terms

Disaster risk finance diagnostic

An analytical assessment of a country’s disaster risk profile.

Resilience

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

International premium support

Premium support is international funding to pay for insurance premiums.

Fragility

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

Attachment point

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

Sovereign insurance

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