Glossary

Vulnerability

The conditions determined by physical, social, economic and environmental factors or processes that increase the susceptibility of a community to the impact of hazards (UNISDR 2016).

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This guidance note is intended as a common framework to support practical approaches to meaningful accountability across the sector.

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This guidance note sets out some questions to help ensure that DRF is most directed to those who are least able to withstand shocks.

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This publication explains the importance of thinking strategically and sets out four principles for taking a strategic approach, with practical advice and resources.

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The growing scale, duration and impact of refugee crises requires innovative approaches to financing.

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This paper examines the role insurance can play as part of a wider strategy to help societies adapt to climate change and recover from disasters.

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This paper sets out detailed and practical proposals for how the G7 could better protect vulnerable communities by better predicting and preparing for disasters.

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other key terms

Risk profile

Underlying risks that an organisation or country is exposed to and the extent to which they are mitigated by pre-arranged finance.

Contingent liabilities

Possible financial obligations that only become real if specific future events occur.

Risk retention

When governments retain and finance disaster costs themselves.

Adaptive social protection

Social protection systems that adjust to shocks, helping vulnerable people prepare, cope and recover over time.

Cost multiple

The cost multiple measures the average amount a government pays to receive USD 1 of payout from a financing instrument over its lifetime.

Crisis

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