nexustandards.com/finance · 4 taught
Ezezimali, Umshuwalense Nomnotho
NRS-F7 Disaster risk finance and pre-arranged finance; NRS-F8 Parametric and index-based risk transfer
4izindinganiso1discipline
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
Ukuxhasa ngezimali izingozi zezinhlekelele
Disaster risk finance plans in advance how the costs of disasters will be met.
- Ifakhalthi
- Isikhungo Sezezimali Nezomnotho
- Izifundo
- In preparation
- Amazinga
- In development
- Amalabhorethri
- Exposure lab, Trigger lab, Map lab
- Risk layering
- Contingency funds and budgets
- Contingent credit
- Parametric insurance and risk pools
- Catastrophe bonds
- Pre-arranged finance for anticipatory action
- Sovereign contingent liabilities
- Post-disaster financing
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.
- 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
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.
Quantities and units
Methods and their limits
Each method is listed with what it assumes and where it fails.
What the field debates
Bodies that set practice, and the data they publish
Bodies and standards are named so that learners can find and apply their published work. The Academy teaches the use of that work and links to the publisher. No affiliation is implied.
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
- Open, 0
- In preparation, 0
- Also taught here, 3
- Subtopics, 8
Nexus Standards it teaches and relies on
The Nexus Standards the discipline teaches toward, grouped by master standard, with the disciplines that teach each.
Nexus Standards at the AcademyThe Academy proposes how each discipline teaches toward the Nexus Standards. The mapping is open for public review.
Research and tools
Research and preprints as they are published, by discipline, with the faculty's other tools.
The hub lists the newest research and preprints for Disaster risk finance, each with its source and date. Open the research hub
Okushintsha manje
Recent developments in disaster risk finance, each with its source; sources checked on 16 October 2026.
Courses in this discipline
Courses for this discipline are in development. Until they open, study the discipline through the connected courses and open lessons below.
The courses from connected disciplines below also teach this field.
Courses from connected disciplines that also teach this field
Each course has its primary discipline elsewhere and teaches this field as part of its scope.
How the subject is practised in labs
| Lab | What you do in it | Courses using it |
|---|---|---|
| Exposure lab | Overlay people and assets with hazard footprints | 3 |
| Trigger lab | Set forecast thresholds, pre-agreed actions and messages | 2 |
| Map lab | Read hazard, exposure and boundaries on real maps | 1 |
06Console
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
07Umkhuba
Practice, learning and connections
How technology helps and what risk it brings
Achievements in this discipline
Pathways that teach it
Where the subject is practised
The two Foundry systems where it is practised
- I-FoundryNXS-AAP systemPre-arranged finance linked to triggersTriggers room, Readiness room
- NXS-RLS systemObligations of finance agreementsObligations room
Foundry system pages describe what each system and its rooms are designed to do; the courses teach the methods these systems apply.
Disciplines it depends on
Across the ecosystem
08Bamba iqhaza
Take part in Finance and Economics
Qala kulokho ongikho.
09References
Core references and where to begin
Start with Clarke, then Ghesquiere, then Cummins.
10Imibuzo
Imibuzo, izimpendulo namagama abalulekile
Ukufunda lapha kungamahhala yini?
Yebo. Zonke izinkambo nezinto zokufunda ze-Risk Academy, eholwa yi-Nexus Consortium, zifundwa mahhala, ngesivinini sakho noma neqembu. Ukubamba iqhaza okujwayelekile akunayo inkokhelo; umsebenzi ohlawulelwayo, ukuqeqeshwa emsebenzini nezibonelelo zocwaningo kuyizinhlelo ezihlukile.
Kuyini engikuthola ngokuphothula isifundo?
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.
Idatha nezindawo zivelaphi?
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?
Yakha iseli lekhono labantu abathathu kuya kwabayisikhombisa, fundani indlela yokufunda eyabelanayo, thatha umsebenzi ogadiwe emaqenjini okusebenza kazwelonke, noma lethe iqembu lesikhungo sakho. Open the page for organisations.
Amagama abalulekile
Igama
Risk layering
Matching financing instruments to events of different frequency and severity.
Igama
Parametric trigger
A payout rule based on a measured hazard parameter rather than assessed loss.
Igama
Basis risk
The mismatch between a parametric payout and the actual loss.
Igama
Catastrophe bond
A security that transfers defined catastrophe risk to investors.
ImibikoNikela
Nikela ngobufakazi kusuka kuleli khasi.
I-Reports iyincwadi yekota ye-Consortium. Lokho oakwaziyo ngalesi sihloko kungaba ubufakazi, icala noma ukulungisa kuhlelo olulandelayo, kubongwe wena futhi kushicilelwe ngaphansi kwe-CC BY 4.0 lapho kungumsebenzi wakho.
Risk Academy
Related
Around Disaster risk finance
Ukuxhasa ngezimali izingozi zezinhlekelele
Start with an open course
The catalogue lists each course with its outcomes, labs, hours and level.