GRA · Actuarial and Quantitative Risk

Spatial financeWhere capital meets hazard, exposure and transition

Programmes and projects

Programmes apply shared quantitative methods to global, regional and national questions, always with the owning institution deciding.

03What each examines

What each examines.

LevelQuestions
GlobalMethod standards and validation practice
RegionalPeril dependence across countries
NationalLoss distributions for national portfolios

Actuarial and Quantitative Risk programme work is read against IAA (ISAP), EIOPA (internal models) and IAIS (ICS). National entries would draw on losses, hazards, exposures, and each would state which values are observed, published statistics, modelled or unknown.

04Process

How the process runs.

Process

Programmes and projects: Policy question to decision

A priority becomes a question, evidence, a decision case and a limited publication; the competent authority decides, never the programme.

  1. 01 Question

    1. 01A priority becomes a questionStep · Universe; national counterpartsA priority becomes a researchable question with stated criteria. National counterparts own the agenda, data and decisions.
    2. 03Scientific and stakeholder challengeStep · the Global Centre for Risk and Innovation (GCRI); the Global Risks Forum (GRF)Scientific and affected-stakeholder challenge informs mission selection and methods.
  2. 02 Evidence and options

    1. 04Assemble the evidenceStep · GCRIMethods, labelled data and uncertainty are assembled. Every finding carries one of nine evidence labels.
    2. 06Decision case with optionsRecord · The decision owner named in the caseA decision case binds owner, alternatives, evidence and deadline. It needs sensitivity and robustness.
  3. 03 Review and publication

    1. 07G6 · Publication authorisedGate · The Global Risks ForumGRF authorises publication of results that have passed scientific and editorial review. It cannot publish personal data.
    2. 08Publish with method, uncertainty and limitsRecord · ReportsFindings are published with their method, uncertainty and limits. An edition is published after review, not to a calendar.
  4. 04 Outside the programme

    1. 02Competent authority decidesDecision · The competent authorityThe authority or institution decides under its own rules. The authority decides; the programme informs.
    2. 05Action and implementation stay with the ownersActor · The relevant government, operator or licensed institutionDecisions and execution stay with the relevant government, operator or licensed institution. The programme records one only if shared.
  5. 05 Learning

    1. 09Corrections and lessons feed the next agendaStep · UniverseCorrections and lessons feed the next annual agenda. The findings of one year set the mandate of the next.

The Nexus cycle · Decision rights · The programme yearDesigned programme process, not a record of operation. No cycle has run and every programme is at service level R0. A gate is a programme decision, never a public-authority approval, certification or deployment authorisation.

05Status

Every programme shows where it stands.

A programme is shown as exploring, forming, constituted, active, paused or archived, according to its record. A plan is never presented as an activity.

06Sources

Where this page’s references lead.

The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.

08Questions

Questions and answers.

How does a country take part?
Through its national programme. Country enquiries go to the Consortium Secretariat at the contact form or a regional desk.
Actuarial and Quantitative Risk

Bring an exposure or capital question to the Alliance.

Information and enquiries are open today. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.

The Global Risks Alliance

Finance · trust · precision

Not for profit

Our articles, maps and twins are free to read and free to republish. Readers and partners keep it that way.

Support our work

Who funds us

GRA is a not-for-profit institution. To ask who funds a piece of work, use the funding questions form.

Independence

Editors and the expert reviewers named on each article decide what we publish. Funders and partners do not review or approve articles before publication.

Licence

Articles: CC BY 4.0. Figures, maps, twins and data: CC BY 4.0. Other uses: ask through the permissions form.