The Titan Global Risk Index (TGRI) provides a powerful and easily interpretable quantitative assessment of the risk of humanitarian crises and disasters in 191 countries. The purpose of the TGRI is to measure hazards and peoples’ exposure to them, assess vulnerability and quantify the resources available to tackle these issues.
Our model simplifies information on risk by aggregating and dividing data from 50 diverse indicators into three single dimensions: ‘Hazards & Exposure’, ‘Vulnerability’ and ‘Lack of Coping Capacity’. These dimensions respectively measure events that could occur and exposure to them, the susceptibility of communities to those hazards and the lack of resources available that can alleviate the impact.
The model is conceptualised in a counterbalancing relationship: the risk of what (natural and human hazard), and the risk to what (population). The TGRI is calculated with a multiplicative equation where each of the dimensions is treated equally:
𝑅𝑖𝑠𝑘 = 𝐻𝑎𝑧𝑎𝑟𝑑 & 𝐸𝑥𝑝𝑜𝑠𝑢𝑟𝑒 1/3 × 𝑉𝑢𝑙𝑛𝑒𝑟𝑎𝑏𝑖𝑙𝑖𝑡𝑦 1/3 × 𝐿𝑎𝑐𝑘 𝑜𝑓 𝑐𝑜𝑝𝑖𝑛𝑔 𝑐𝑎𝑝𝑎𝑐𝑖𝑡𝑦 1/3
The result of this analysis is an index score (ranging 0 – 10) reflecting the intensity of global risks. A TGRI of 0 indicates countries where humanitarian and disaster risk is the lowest, while an index of 10 denotes those countries with the highest likelihood of structural, political and natural risks and assimilated events. The classifications are reviewed on a regular basis.