--- title: "The Abgalis Cascading Risk Index" source_url: https://abgalis.com/cascading-risk-index canonical: https://abgalis.com/cascading-risk-index description: "The Abgalis Cascading Risk Index measures cross-domain risk transmission — how a shock in one risk domain cascades into the others across a country" publisher: Abgalis Limited author: Abgalis Research retrieved: 2026-08-10 content_signal: search=yes, ai-input=yes, ai-train=no citation: "Abgalis Research, 'The Abgalis Cascading Risk Index', Abgalis Limited, https://abgalis.com/cascading-risk-index" license_note: >- May be quoted and cited in AI-generated answers with attribution to the author named above and a link to source_url. Not licensed for model training or fine-tuning (ai-train=no; Art. 4 reservation, EU Directive 2019/790). --- Abgalis Index · Cascading Risk Index # The Abgalis *Cascading Risk Index* The Cascading Risk Index (CRI) measures cross-domain risk *transmission* — how strongly a shock in one risk domain cascades into the others across an economy, a market or a firm. It is a measure of systemic contagion potential, not hazard exposure. Not another hazard index ### Transmission, not exposure Climate and catastrophe indices score how exposed you are to a peril. The CRI scores something different and unclaimed: how far a shock *travels* once it lands — credit into liquidity, climate into underwriting, cyber into operations. Country CRI ### Systemic transmission by market A ranking of economies and markets by how tightly their risk domains are coupled — where a single shock is most likely to cascade into a system-wide event. Sector CRI ### Transmission by industry The same lens applied across industries — insurance, banking, energy and the rest — showing where cross-domain contagion is most concentrated. ## Why a transmission index — and why only Abgalis Because the dimension the CRI measures is the one Abgalis owns. Cross-domain transmission is the subject of the Abgalis Engine, our published research on how risk moves between domains, and the proprietary Abgalis Engine behind them — a filed patent portfolio under independent academic review. Hazard and catastrophe rankings are a crowded field. A rigorous, published index of *cascading* risk is not — and it is the natural output of work only Abgalis has done. Read the foundation in the Abgalis papers on cross-domain transmission, or see how the Abgalis Engine maps those channels. ## How the index is built The CRI represents each subject — a country, sector or firm — as a network of the seven Abgalis risk domains, and scores how strongly a disturbance propagates across that network. Higher scores mean tighter coupling and greater cascade potential. The published index reports the scores, the rankings and the movement between releases, together with a high-level account of the inputs and how to read them. The underlying Abgalis Engine methodology — the mathematics, calibration and parameters — is proprietary and is not disclosed. This is deliberate: the ranking is the citable public asset; the method is the moat. ## Release & access The Cascading Risk Index is being prepared for a first published release on a regular cadence, with Country and Sector cuts and an accompanying commentary. Scores are published only once the methodology has completed independent and IP review — the index will not carry illustrative or placeholder figures. If you would like early sight of the CRI, or to discuss a firm-level cascading assessment for your own book, get in touch. ## Cascading Risk Index — questions What is the Abgalis Cascading Risk Index? The Cascading Risk Index (CRI) is a measure of cross-domain risk transmission — how strongly a shock in one risk domain cascades into the others across a country, sector or firm. It quantifies systemic contagion potential rather than exposure to a single hazard, and is published by Abgalis with Country and Sector cuts. What does the CRI actually measure? It represents a subject as a network of the seven Abgalis risk domains — market, credit, liquidity, insurance, operational, climate & ESG, and strategic & emerging — and scores how far and how strongly a disturbance propagates across that network. A higher score means more tightly coupled domains and greater potential for one shock to become a system-wide event. How is the CRI different from a climate or catastrophe risk index? Climate and catastrophe indices measure exposure to a peril — how much hazard a place or portfolio faces. The CRI measures transmission — how far a shock travels once it occurs. They are complementary: one tells you what could hit, the other tells you how it cascades through the system afterwards. What is the Country CRI? The Country CRI ranks economies and markets by how tightly their risk domains are coupled — where a single shock is most likely to cascade into a broader, system-wide event. It is the systemic-transmission cut of the index. What data goes into the index? The index draws on cross-domain risk and market signals mapped onto the seven-domain network model. The published release describes the categories of input and how to interpret the scores; the detailed data pipeline, weights and calibration are proprietary. Is the methodology public? The index publishes its rankings, scores and a high-level account of what it measures and how to read it. The underlying Abgalis Engine methodology — the mathematics, calibration and parameters — is proprietary, protected by a filed patent portfolio and held as a trade secret, and is not disclosed. How often is the CRI published? The CRI is designed as a regularly published index with dated releases and commentary, so movements between periods can be tracked. The first release date and cadence will be confirmed at launch. Who is the CRI for? Risk and capital leaders at insurers, reinsurers and other regulated firms, and the analysts, journalists and researchers who cover systemic and cross-domain risk. Firms can also commission a firm-level cascading assessment of their own book built on the same framework. Can Abgalis produce a cascading assessment for our own firm? Yes — the same framework that produces the public index can be applied to a single firm's own exposures to show where a shock would cascade across its risk domains and resolve to capital. That firm-level work is delivered through the Abgalis platform, with accountability for any regulatory use remaining with the firm's own risk and actuarial functions. Request early access to the CRI → The Cascading Risk Index is a research and analytics output of Abgalis Limited, a risk data and analytics provider (not a regulated or authorised firm). It is provided for information and does not constitute investment, legal, regulatory or actuarial advice. Rankings are published only after independent and IP review; this page carries no illustrative or placeholder scores. --- **Source:** [https://abgalis.com/cascading-risk-index](https://abgalis.com/cascading-risk-index) · Abgalis Research, published by Abgalis Limited (England and Wales, no. 17247499) **Cite as:** Abgalis Research, *The Abgalis Cascading Risk Index*, Abgalis Limited. https://abgalis.com/cascading-risk-index **Usage:** citation with attribution permitted; model training not permitted (`ai-train=no`). **More:** [https://abgalis.com/llms.txt](https://abgalis.com/llms.txt) · full corpus: [https://abgalis.com/llms-full.txt](https://abgalis.com/llms-full.txt)