Insights
Notes on method, structure and evidence from the DELAX GEO-RISK desk.
A portfolio model is only as trustworthy as what enters it and what leaves it. Both ends were unguarded. Now they are not.
The risk moved, the map didn't
Europe now imports a fifth of its jet fuel from one plant in Lagos. Nothing in a standard Nigeria risk model would tell you that.
Unpriced is not the same as unlikely
The Taiwan Strait structure carries no sector betas. That absence is the finding.