The Global Risks Index
NXS-GRX solutions · Enterprise

Insurers and reinsurers

Read hazard, exposure and protection gaps, run tails and study parametric index design.

Page GRX-SOL-INSURANCEEdition Baseline Edition 2026Evidence close 2026-09-30Values not yet publishedSnapshot 31a753f76
on: trigger study started · Design a parametric trigger6 jobs · 1 gate · 5 checks
  1. Peril, area and indexself-serve
  2. Historical event set1 day
  3. Basis-risk test1 day
  4. Calibrate attachment and exitself-serve
  5. Independent review10 days
  6. Monitoring feedongoing
01Need

What this solution does

Read hazard, exposure and protection gaps, run tails and study parametric index design.

Read hazard, exposure and protection-gap context

Run scenario and tail analytics

Study parametric index design questions

02Featured run

Design a parametric trigger

Study an index trigger for pre-arranged finance: event history, basis risk and calibration, with review before any use. Information for design, not advice.

on: trigger study started
Design a parametric trigger
In progressTriggered by Risk-transfer team6 jobs1 approval gate5 checks
Graph
01Frame
02Study
03Study
04Calibrate
05Review
06Review
100%
Timeline
Job0 d2 d4 d6 d8 d10 d12 dTarget
Peril, area and indexYouinstant
Historical event setModel Lab1 d
Basis-risk testVerification engine1 d
Calibrate attachment and exitYouinstant
Independent reviewReviewers10 d
Monitoring feedNXS-GRX (canonical data, provenance and risk) Intelligenceongoing

End to end on the longest path: about 13.4 d of proposed target service levels, before the jobs that run with no fixed end. Gates wait for the people named; bars with a fading end have no fixed length.

Steps
  1. Peril, area and index
    Frame · You · self-serve
    Peril keyed to Hazard Standard · Area of interest · Index candidates
    Model Labhazard standard
  2. Historical event set
    Study · Model Lab · 1 day
    Event catalogue assembled · Losses and responses matched
    Model LabProvenance (W3C PROV)
  3. Basis-risk test
    Study · Verification engine · 1 day
    False positives and misses · Payout correlation with loss
    Verification engineMonte Carlo engine
  4. Calibrate attachment and exit
    Calibrate · You · self-serve
    Attachment, exit and payout curve · Return periods
    Model Lab
  5. Independent review approval
    Review · Reviewers · 10 days
    Method and data reviewed · Limits recorded
    PostgreSQL ledger (row-level security)
  6. Monitoring feed
    Review · NXS-GRX Intelligence · ongoing
    Index values streamed · Threshold crossings sent for review
    Pulse nowcastWebhooks and streaming
Artifacts
ArtifactJobWhoStage
Study briefPeril, area and indexYouFrame
Event setHistorical event setModel LabStudy
Basis-risk reportBasis-risk testVerification engineStudy
Trigger cardCalibrate attachment and exitYouCalibrate
Review recordIndependent reviewReviewersReview
Monitoring subscriptionMonitoring feedNXS-GRX IntelligenceReview
DoneIn progressWaiting for approvalQueuedApproval gateTest jobYou are here
Study an index trigger for pre-arranged finance: event history, basis risk and calibration, with review before any use. Information for design, not advice. The canvas shows where a request stands at the marked job; it is an illustration, not the status of a real request. Durations are proposed target service levels. Select a job for its steps, the people who act, the technology it runs on and what it produces.
05Series

Series most read

GLBGlobal SystemsThe state of interdependent global risk: the twenty domain indices aggregated to the world, the five core systems (water, energy, food, health, biodiversity) and their couplings, the global tail register and the gap between perceived and measured risk.GS-02Global EnergySupply adequacy, import dependency, grid reliability, affordability, extreme-weather exposure, critical minerals and transition pathways.GS-03Global Food and agrifoodAcute and chronic food insecurity, production shocks, import dependency, prices, fertiliser and logistics chokepoints, nutrition and pollination dependency.GS-04Global HealthHealth security capacity, epidemic emergence and spread, heat and air-quality burden, health system stress and access.GS-05Global Finance and economyFiscal and public debt risk, financial stability, external dependence, inflation and growth at risk, and the macro-financial channels of physical and transition risk.GS-07Global ClimateChronic and acute physical climate hazard, transition exposure, adaptation gaps and scenario pathways to 2030, 2050 and 2100.GS-08Global DisasterMulti-hazard exposure, disaster losses and mortality, return-period losses, protection gaps and coping capacity.GS-09Global InfrastructureInfrastructure fragility, service continuity, interdependency of power, water, transport and telecommunications, and investment exposure.GS-10Global CitiesUrban exposure, heat, flooding, informal settlement, service dependency and the economic weight of cities at risk.

Talk to the Secretariat

Enterprise, public-sector and sovereign work is agreed with GCRI Canada.