The present work addresses the problem of lack of coordination between policies and actors with joint competence for risk management, i.e., civil protection, spatial planning, and sectoral planning (e.g., forest policy in the case of forest fire risk). Spatial planning in particular is assigned...

This paper presents an environmental risk assessment/risk management framework to assess the impacts of climate change on individual exposure units identified as potentially vulnerable to climate change. This framework is designed specifically to manage the systematic uncertainties that...

To deal effectively with the evaluation problem of natural disaster risk system affected by many uncertain factors, a multivariate connection number expression is presented. This expression is based on the index samples and evaluation grade criterions of natural disaster risk system and is...

The Basel Committee on Banking Supervision (BCBS) defined operational risk (OR) as the risk of losses resulting from the inadequacy or failures in the internal processes, people and systems, or from external events. This definition includes the legal risk but excludes strategic and reputational...

This paper investigates the factors affecting the demand for crop–hail insurance and explores the potential relation with pesticide use for a sample of French farmers on the period 1993-2004, for the Meuse department. An econometric model involving two simultaneous equations with mixed...

Today’s business, being affected by the continuous changes in economic environment, must reinvent the “prudent risk taking” concept to strike an appropriate balance between risk, return and growth, in order to create lasting value. This paper is focused on describing the nature of risk and...

This paper aims to highlight the links between risk management and quality management and to study the possibility of their integrated approach. The study reviews the evolution of risk approach within organizations and stresses the need to increase the effectiveness of this approach by...

Every business organisation involves some elements of risk. Unmitigated risks can result in lost opportunity, financial losses, loss of reputation, or loss of the right to operate in a jurisdiction. Like any other risk type, understanding business risks is quite important for every business to...

This article investigates the understandings and perceptions of (micro)insurance among lowincome people in southern Ghana, using evidence from four focus group discussions. It analyzes how the focus group participants think about various types of insurance – among them a micro life insurance...

Remarks at the Center for Transnational Legal Studies Seminar on the Impact of U.S. Regulatory Reform on Global Banks, New York City.