One of the main three pillars for the Disaster Risk Financing system is the risk analytics. Risk models always need to be reviewed, verified and calibrated (if needed) to minimise the false triggering of the model.
As it is known this false triggering is called basis risk and Start Ready provide some funds for members to implement activities in case the hazard was materialised while the model failed to alarm.
As your country is one of the 6 countries that Start Ready is implemented in, we are pleased to invite colleagues from your organisation and your local partners as well to know more about basis risk and the sort of financial support that can be accessed through Start Ready on this scope.