Conclusion: what you now know

By following these phases:

1. You have identified data on each country-risk’s frequency and severity (historical + synthetic).

2. You have a layered coverage approach, where local resources (Layer 1) are supplemented by a risk pooled global fund (Layer 2) with insurance back up (layer 3).

3. You can see the total liability if multiple risks trigger in the same year.

4. You can optimise coverage by adjusting triggers, exhaustion points, reinstatements and reinsurance.

5. You can ensure predictable, pre-arranged financing that bolsters disaster response planning and upholds the right to protection for those at risk.