# IUCRC Phase I Duke University: Center for Innovation in Risk, Catastrophes, and Decisions (CIRCAD)

> **NSF 01002425RB NSF RESEARCH & RELATED ACTIVIT** · Duke University (NC) · $1,000,000

## Abstract

The Center for Innovation in Risk, Catastrophes, and Decisions (CIRCAD) is an Industry–University Collaborative Research Center (IUCRC) that addresses the financial and societal impacts of natural hazards, extreme events, and systemic disruptions. Insurers are confronting challenges in maintaining coverage availability and affordability, leaving households, communities, and markets exposed. CIRCAD responds by producing data-driven tools, decision frameworks, and risk transfer strategies that strengthen industry’s ability to evaluate and manage emerging risks. By linking fundamental academic research and state-of-the-art methods with industry priorities, CIRCAD supports the development of next-generation insurance solutions, enhances investment planning, and informs decision-making. These efforts can help safeguard economic stability, support effective risk mitigation, and reduce the burden on public resources. The Center also serves as a hub for professional training and workforce development, engaging students and practitioners to build the technical and analytical capacity required for risk-management focused sectors. In doing so, CIRCAD positions these sectors as critical partners in confronting the nation’s most pressing hazard and infrastructure challenges. 

CIRCAD’s research portfolio addresses key challenges at the intersection of hazard science, insurance analytics, and financial decision-making. Its projects focus on developing and evaluating innovative insurance 

## Key facts

- **NSF award ID:** 2517578
- **Awardee organization:** Duke University (NC)
- **SAM.gov UEI:** TP7EK8DZV6N5
- **PI:** Mark Borsuk
- **Primary program:** 01002425RB NSF RESEARCH & RELATED ACTIVIT
- **All programs:** INDUSTRY/UNIV COOP RES CENTERS
- **Estimated total:** $1,000,000
- **Funds obligated:** $1,000,000
- **Transaction type:** Standard Grant
- **Period:** 09/01/2025 → 08/31/2030

## Primary source

NSF Award Search: https://www.nsf.gov/awardsearch/showAward?AWD_ID=2517578

## Citation

> US National Science Foundation, Award 2517578, IUCRC Phase I Duke University: Center for Innovation in Risk, Catastrophes, and Decisions (CIRCAD). Retrieved via AI Analytics 2026-06-08 from https://api.ai-analytics.org/grant/nsf/2517578. Licensed CC0.

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