Finance and risk transfer cell
Risk transfer design cell
Designs and back-tests parametric triggers and readiness evidence. Nothing is priced or arranged.
Boundary Nothing is priced, sold, underwritten or arranged here, and no money moves. Credits are recognition only.
- To launch
- 3 members
- or more
- Roles
- 3
- each a credential
- Decides by
- Supermajority
- yours to change
- Joining
- By request
- set per cell
How it works
The operating model
People
- Lead
- Independent methods reviewer
- Secretary
How it decides
- Propose
- Discuss
- Supermajority
- Record and sign
- Conflict-of-interest recusal
- Quorum rules
First work
- ProjectTrigger design and basis-risk note
- ProjectBack-test against past events
- IssueConfirm the rights to the hazard and loss data
- IssueArrange the independent methods review
- CallReviewers for the trigger method
Services
- Data
- Review hub
- Standards
- Maps and twins
Start this cell
Risk transfer design cell
In detail
Purpose, roles, agreements and expertise
Purpose
Designs and tests parametric triggers and prepares risk-finance readiness evidence.
Roles and what each does
| Role | What it does | Minimum |
|---|---|---|
| Lead | Convenes the cell, holds its mandate from the host and speaks for it. | 1 required |
| Independent methods reviewer | Reviews the methods from outside the design team and records the outcome. | 1 required |
| Secretary | Keeps the records: minutes, decisions, the member list and the cell log. | 1 required |
The whole starter work programme
First projects
- Trigger design and basis-risk note
- Back-test against past events
- Readiness evidence pack
First issues
- Confirm the rights to the hazard and loss data
- Arrange the independent methods review
- Write the plain-language explainer
Open calls
- Reviewers for the trigger method
Decision rule and agreements
Supermajority
At least a set fraction (two thirds, three fifths, three quarters) of a stated base.
- Cell charter Required The mission, scope, host, roles, governance model and how the cell closes.
- Membership agreement Required What members commit to, how they join and leave, and how credit is recorded.
- Data sharing agreement Optional What data the cell holds, who may use it, for what, and for how long.
- Intellectual property and open licence Required Who owns the outputs and the open licence they are published under.
- Code of conduct and safeguarding Required How members treat each other, how concerns are raised, and who acts on them.
Expertise and competence evidence
- Disaster risk finance
- Actuarial science
- Insurance, reinsurance and protection gaps
- Climate and nature financial risk
- Public finance and sovereign debt
- Economics and finance
- Mathematics and applied mathematics
- Hydrology and water resources
- Meteorology and atmospheric science
- Data science and statistics
- Lead Disaster risk finance, at capability level 4 (Stewarded practice)
- Independent methods reviewer Actuarial science, at capability level 4 (Stewarded practice)
Where it can form
The Global Risks Alliance
Disaster Risk Finance
The Global Risks Alliance
Reinsurance and Catastrophe
The Global Risks Alliance
Insurance Nexus
The Global Risks Alliance
Actuarial and Quantitative Risk