Value at risk (VaR) and expected shortfall (ES) are popular market risk measurements. The former is not coherent but robust, whereas the latter is coherent but less interpretable, only conditionally backtestable and less robust. In this chapter, we compare an innovative artificial neural network...

Disasters are increasingly depicted as unique opportunities to ‘build back better’, to make communities more ‘resilient’ and to address pre-existing ‘vulnerabilities’. This has seen international disaster risk reduction (DRR) and recovery frameworks attempt to link short-term relief...

Although the Sendai Framework for Disaster Risk Reduction 2015–2030 explicitly recognizes the need for psychosocial support and mental health services, the focus of this and many disaster risk reduction and management (DRRM) plans lies in the response, recovery, and rehabilitation phases. Less...

This chapter discusses the state of development of enterprise risk management (ERM) in Europe and draws attention to the commonalities and differences in ERM use across European countries. The analysis carried out considers relevant aspects, such as the state of development of risk management...

Risks are an integral part of business, and enterprise risk management (ERM) is making its way towards effectively leading enterprises in addressing these risks. This chapter seeks to describe how European ERM practitioners minimize the risks they face by taking into consideration insights from...

Companies face a wide number of risks and need to have in place appropriate measures and techniques to be able to identify, manage, and monitor risks. Risk management is a fundamental responsibility of the corporate governance structure of an organization; it means managing all risks on a...