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.
- Peril, area and index self-serve
- Historical event set 1 day
- Basis-risk test 1 day
- Calibrate attachment and exit self-serve
- Independent review 10 days
- Monitoring feed ongoing
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.
Design a parametric trigger
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.
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Peril, area and indexFrame · You · self-servePeril keyed to Hazard Standard · Area of interest · Index candidatesModel Labhazard standard
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Historical event setStudy · Model Lab · 1 dayEvent catalogue assembled · Losses and responses matchedModel LabProvenance (W3C PROV)
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Basis-risk testStudy · Verification engine · 1 dayFalse positives and misses · Payout correlation with lossVerification engineMonte Carlo engine
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Calibrate attachment and exitCalibrate · You · self-serveAttachment, exit and payout curve · Return periodsModel Lab
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Independent review approvalReview · Reviewers · 10 daysMethod and data reviewed · Limits recordedPostgreSQL ledger (row-level security)
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Monitoring feedReview · NXS-GRX Intelligence · ongoingIndex values streamed · Threshold crossings sent for reviewPulse nowcastWebhooks and streaming
| Artefact | Job | Who | Hatua |
|---|---|---|---|
| Study brief | Peril, area and index | You | Bunia |
| Event set | Historical event set | Model Lab | Study |
| Basis-risk report | Basis-risk test | Verification engine | Study |
| Trigger card | Calibrate attachment and exit | You | Calibrate |
| Review record | Independent review | Reviewers | Review |
| Monitoring subscription | Monitoring feed | NXS-GRX Intelligence | Review |
Solutions that use this journey
Multilaterals and development banks
Screen country and project context, read fiscal resilience and protection gaps, and design pre-arranged finance.
See the solution
EnterpriseInsurers and reinsurers
Read hazard, exposure and protection gaps, run tails and study parametric index design.
See the solution
8 components
Each job names the component it runs on; open a job on the canvas for its steps, checks and artefacts.
Part of Models of the Index: Scenario pathways, stress tests, tail and exceedance analytics, coupling contagion and forecasting on the open method library, with tests and model cards.
Related journeys
Run a scenario or stress test
Configure a pathway or a structured shock, run it across entities and draws in Model Lab, propagate it through the coupling network and read the tails. 7 jobs · 1 gate.
Open the run
Models of the Index · TestTest and validate a model
Every model version is backtested, scored out of sample, compared with established indices and documented in a model card before use. 7 jobs · 1 gate · 11 checks.
Open the run
NXS-GRX Intelligence · ModelCompose a risk intelligence product with the risk engine
The risk engine resolves context, discovers capabilities by stable ID, routes by quality of intelligence, runs governed science and composes a product that keeps every input’s evidence and supported claim level. 10 jobs · 1 gate · 5 checks.
Open the run
Hali
The methodology, structure and definitions of The Global Risks Index are a preparatory working draft (2026), circulated for review and comment and not for implementation. No value appears until an edition is released from a governed evidence cut; values then carry intervals, classes, sources and their correction pathway. Simulators run the published methods on numbers you choose and never show a NXS-GRX value.
NXS-GRX si nini
NXS-GRX ni taarifa ya utafiti na uchambuzi wa hatari. Si daraja la mikopo wala la ESG na haitumii kipimo chochote cha daraja, si kigezo cha vyombo vya fedha, si takwimu rasmi, si onyo la dharura wala uainishaji rasmi, na si ushauri. Haipaswi kutumiwa kutathmini watu binafsi. Madaraja ya hatari ni mikanda kwenye kipimo kilichochapishwa, kamwe si mpangilio wa nchi au watu.
Taasisi na vyanzo
The Nexus Consortium is stewarded by three independent not-for-profit institutions: The Global Centre for Risk and Innovation (GCRI), through GCRI US in Washington, DC and GCRI Canada in Ontario, with GCRI Canada as Lead Institution, Consortium Secretariat and lead contracting organisation; The Global Risks Forum (GRF); and The Global Risks Alliance (GRA). Technology, infrastructure and service providers work with the Consortium at arm’s length under written agreements, like every other external party in the public-private-planet model, and hold no role in its stewardship.
Every value carries the attribution of its sources, which keep their own licences. External names are cited for interoperability only. Nexus-authored text is intended for CC BY 4.0 on release.
Avis en français
La méthodologie et les définitions du NXS-GRX sont un projet de travail préparatoire (2026). Le NXS-GRX est une information de recherche et d’analyse des risques : ni notation, ni indice de référence financier, ni statistique officielle, ni alerte, ni conseil. Les classes de risque sont des bandes sur une échelle publiée, non des classements.