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Illustrative: event footprints crossing a portfolio, losses rising and the exceedance-probability curve

Risk Academy, led by the Nexus Consortium · Finance and Economics · Department of Insurance and Actuarial Science

Risk layering, contingency budgets, contingent credit, parametric cover and catastrophe bonds

দুর্যোগ ঝুঁকি অর্থায়ন

Disaster risk finance plans in advance how the costs of disasters will be met.

01পরিধি

What the discipline covers

The subtopics its courses and পরীক্ষাগার teach.

কোর্স
In preparation
স্তর
In development
গবেষণাগার
Exposure lab, Trigger lab, Map lab
02Maps

Build a twin of any place

Search any place or open the world; the layers and generators follow disaster risk finance on the planet map, the globe and in 3D.

Houston and the Ship Channel: a flat plan of the faculty twin. Terrain 0 to 66 m; 30 power plants, 11,875 MW; 7 refineries and chemical works; 2 port land; 29 named works; 154 named industrial sites; Surface water extent, OPERA DSWx (HLS): read live when the 3D twin opens; Built-up and settlement extent, HBASE 2010: read live when the 3D twin opens. Contours every 10 metres from the elevation grid; power plants as marks; refineries, terminals and industrial sites as marks.
Houston and the Ship Channel, United States. Flat plan of the same data: relief as contours from the inline grid, the plants by capacity, the industrial points by kind and the numbers below. The 3D twin opens on devices that can draw it, once its data and code have been checked.
  • Terrain 0 to 66 m
  • 30 power plants, 11,875 MW
  • 7 refineries and chemical works
  • 2 port land
  • 29 named works
  • 154 named industrial sites
  • Surface water extent, OPERA DSWx (HLS): read live when the 3D twin opens
  • Built-up and settlement extent, HBASE 2010: read live when the 3D twin opens
Credits and dates per layer are listed under the stage. Relief in the twin is exaggerated ×1.5 for legibility.

Drag to move, right drag or Shift with a drag to turn and tilt, Ctrl with the wheel to zoom. Keyboard: arrows move, Shift with arrows turn and tilt, + and – zoom, 0 resets, V steps through the views, Escape clears.

Flat plan of the same data: relief as contours from the inline grid, the plants by capacity, the industrial points by kind and the numbers below. The 3D twin opens on devices that can draw it, once its data and code have been checked.

The boundaries, names and designations shown do not imply any judgement on the legal status of any territory, or any endorsement or acceptance of such boundaries. Countries: Natural Earth (public domain).

03The subject

The subject, methods and measures and debates and bodies

The field and its scope

For finance ministry, disaster management, development bank and insurance staff who need to arrange in advance how the cost of a disaster will be paid and by whom.

04The method

Layering disaster risk: reserves for the frequent, insurance for the rare, and the cost of what is left

A government faces frequent small disaster losses and rare large ones; each layer is cheapest to finance with a different instrument, and the retention level where reserves end and insurance begins sets the yearly cost of the whole strategy.

Sources: Ghesquiere and Mahul, Financial protection of the state against natural disasters: a primer (2010); Clarke and Dercon, Dull disasters? How planning ahead will make a difference (2016); Cummins, CAT bonds and other risk-linked securities: state of the market and recent developments (2008).

05At a glance

At a glance, standards and evidence, research and evidence, what is changing and learning

Disaster risk finance at a glance

risksacademy.comfinance-economicsdiscipline

Disaster risk finance: 0 primary courses open, 0 in preparation and 3 also taught here, across 8 subtopics and 3 connected disciplines. Courses: RAN-301 L2 also taught here, RAN-323 L2 also taught here, RAT-226 L2 also taught here.20L1L2L3L40
Disaster risk finance at a glance
  • Open, 0
  • In preparation, 0
  • Also taught here, 3
  • Subtopics, 8
Course codes from the curriculum; study levels L1 to L4.
Twin builderBuild a twin of any placeWorked example: Houston and the Ship Channel · 5 generators · 11 layers · 3 instruments
06কনসোল

How Disaster risk finance is taught, as a process you can run

Press Play to run this process from this page's own data.

Process explorer

How Disaster risk finance is taught

14 steps5 stages

07চর্চা

Practice, learning and connections

How technology helps and what risk it brings

08অংশ নিন

Take part in Finance and Economics

আপনি কে, সেখান থেকে শুরু করুন।

09References

Core references and where to begin

Start with Clarke, then Ghesquiere, then Cummins.

10প্রশ্ন

প্রশ্ন, উত্তর ও মূল পরিভাষা

এখানে অধ্যয়ন কি বিনামূল্যে?
হ্যাঁ। Nexus Consortium-এর নেতৃত্বে পরিচালিত Risk Academy-র প্রতিটি কোর্স ও শিক্ষা উপকরণ অধ্যয়নের জন্য বিনামূল্যে, নিজস্ব গতিতে বা দলবদ্ধভাবে। সাধারণ অংশগ্রহণে কোনো ফি নেই। বেতনভুক্ত কাজ, ইন্টার্নশিপ ও ফেলোশিপ আলাদা ব্যবস্থা।
একটি কোর্স সম্পন্ন করলে আমি কী পাই?
A completion record: the course, its version, the date and what was assessed, private by default and shared by you. It stacks into discipline, department and programme achievements. A record states what was studied and assessed and does not certify competence. A record is not a licence, a professional title or an employment status.
তথ্য ও স্থানগুলো কোথা থেকে আসে?
Every faculty teaches on a twin of a real place built from open data. Each layer carries its provider, licence and date, and every result on the Academy states its source. Maps and figures are indicators for teaching, never an assessment of a place.
How do I take part beyond the courses in disaster risk finance?
তিন থেকে সাতজনকে নিয়ে একটি দক্ষতা সেল গঠন করুন, একটি অভিন্ন পথ অধ্যয়ন করুন, National Working Groups-এ তত্ত্বাবধানে একটি দায়িত্ব নিন, অথবা আপনার প্রতিষ্ঠান থেকে একটি দল আনুন। Open the page for organisations.

মূল পরিভাষা

পরিভাষা

Risk layering

Matching financing instruments to events of different frequency and severity.

পরিভাষা

Parametric trigger

A payout rule based on a measured hazard parameter rather than assessed loss.

পরিভাষা

Basis risk

The mismatch between a parametric payout and the actual loss.

পরিভাষা

Catastrophe bond

A security that transfers defined catastrophe risk to investors.

প্রতিবেদনঅবদান রাখুন

এই পাতা থেকে প্রমাণ জমা দিন।

Reports হলো কনসোর্টিয়ামের ত্রৈমাসিক প্রকাশনা। এই বিষয়ে আপনি যা জানেন তা পরবর্তী সংস্করণে প্রমাণ, দৃষ্টান্ত বা সংশোধনী হয়ে উঠতে পারে, আপনার নামে স্বীকৃত হয়ে এবং আপনার নিজস্ব কাজ হলে CC BY 4.0 লাইসেন্সে প্রকাশিত হয়ে।

Risk Academy
দুর্যোগ ঝুঁকি অর্থায়ন

Start with an open course

The catalogue lists each course with its outcomes, পরীক্ষাগার, hours and level.