The Abgalis Insight Series. Six papers on how risk actually moves — between domains, through supply chains, past the models built to catch it. Every claim cited. Read each summary here. Papers 01 to 06 can be downloaded at once and newer papers on request, all under the Abgalis Research Licence.
Correlation matrices, copulas and scenario trees all assume the network stands still while the shock moves through it. It doesn't — and the failure modes are systematic, not random.
Read →Download PDF ↓Climate stress testing and operational resilience grew up in different parts of the firm. The exposures they miss sit precisely in the join — and the supervisor now reads both.
Read →Download PDF ↓Seven structural changes from SS3/19 to SS5/25, cited to paragraph against both instruments. What the ORSA needs now the review window has closed and supervisors are asking for evidence.
Read →Download PDF ↓A practical model for tracing how a single shock moves between the seven Abgalis risk domains — and what that means for capital, underwriting and disclosure.
Read →Download PDF ↓Moving from cause-based to effect-based resilience: six universal effect categories that transform how insurers prepare for the unknowable.
Read →Download PDF ↓The UK's designation of AWS, Microsoft, Google and Oracle as Critical Third Parties, and what cloud concentration means for insurers' operational resilience, ORSA and board reporting.
Read →Download PDF ↓In September 2026 the World Economic Forum and, separately, the Swiss Re Institute with the LSE concluded that risks increasingly travel between categories, and that assessing them one category at a time understates them. How that matches the cross-domain argument we published from May, and why, for UK Solvency II insurers and Lloyd’s, the PRA Rulebook already requires it.
Request PDF ↓The Cascade is our monthly climate-risk intelligence brief — the papers' running companion. Or book thirty minutes and we'll walk you through the framework behind them.