GRA · Disaster Risk Finance
Spatial financeWhere capital meets hazard, exposure and transition
STEM foundation of Disaster Risk Finance
The science, technology, engineering and mathematics Disaster Risk Finance rests on. Each method has a canonical page in the STEM Commons, hosted by the Global Centre for Risk and Innovation (GCRI), and a page here on how it is applied in this field.
STEM foundation of Disaster Risk Finance in four parts.
The methods behind the field.
- 01Actuarial mathematicsSizing retention and transfer layers · Pricing parametric cover · Contingency fund sizingSteward · Actuarial and Quantitative RiskApplied here
- 02Economics and development economicsCost of ex post versus ex ante finance · Household welfare effects · Fiscal impact of disastersSteward · Economic DevelopmentApplied here
- 03Decision analysis under uncertaintyChoosing an instrument mix · Trigger threshold choice · Release rules for contingency fundsSteward · Systemic Risk ManagementApplied here
- 04Forecasting and time-series analysisForecast verification for triggers · Seasonal outlooks for drought financeSteward · Climate and HazardsApplied here
The STEM methods Disaster Risk Finance applies, and why.
- Actuarial methods in disaster financeRole in Disaster Risk FinanceActuarial mathematics prices and reserves for uncertain losses.
- Economics of disaster risk financeRole in Disaster Risk FinanceEconomics studies how disasters affect output, budgets and households, and how financing choices change outcomes.
- Decision analysis for disaster financeRole in Disaster Risk FinanceDecision analysis structures choices under uncertainty.
- Forecasting for anticipatory financeRole in Disaster Risk FinanceForecasting estimates future hazards and impacts from current observations and models.
Each Disaster Risk Finance method is described once in the STEM Commons at GCRI and applied here to fiscal disaster risk and its financing layers.
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Pages in STEM foundation of Disaster Risk Finance.
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