Risk Management is a research programme set up by the Geneva Association, also known as the International Association for the Study of Insurance Economics. The focus of this programme is manifold and address the following issues: fostering the use of the tools of risk assessment

Risk assessment

Risk assessment is a step in a risk management procedure. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat...

 and risk management

Risk management

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...

 in new fields of application such as policy making; providing a platform between the insurance community, the engineering and academic communities and policy makers to discuss risk issues; promoting the concept of the insurability of risks as the natural borderline between State legislation and the market economy

Market economy

A market economy is an economy in which the prices of goods and services are determined in a free price system. This is often contrasted with a state-directed or planned economy. Market economies can range from hypothetically pure laissez-faire variants to an assortment of real-world mixed...

; identifying new opportunities for insurers in the emerging sustainability concept in order to enlarge the field of insurable risks.

Selected Key Issues

• What are the vulnerabilities in our industrial and services value-added
  Value added
  In economics, the difference between the sale price and the production cost of a product is the value added per unit. Summing value added per unit over all units sold is total value added. Total value added is equivalent to Revenue less Outside Purchases...
  
  processes?
• Where are the mechanisms for understanding, managing and mitigating these risks?
• How can insurance cope with a more complex and demanding risk scenario?
• What is the new risk environment that has been created in recent years?
• What about technologies being a new source of vulnerability?

Publications

• Risk Management, Geneva Association Information Newsletter, The Geneva Association

• Etudes et Dossiers, Working Paper Series, The Geneva Association

• The Geneva Risk and Insurance Review, formerly The Geneva Papers on Risk and Insurance Theory (until March 2005), The Geneva Association & Springer

• Pensions and Life Insurance and Risk Management/M.O.R.E, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.29 - No.3 / July 2004, Palgrave Macmillan

• Special Issue on Risk Management, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.27 - No.2 / April 2002, Palgrave Macmillan

• Strategic Issues in Risk Management and Insurance, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.24 - No.3 / July 1999, Palgrave Macmillan

• Issues in Risk Management and Insurance, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.24 - No.2 / April 1999, Palgrave Macmillan

• Risk Management Strategies, The Geneva Papers on Risk and Insurance - Issues and Practice, No.80 / July 1996

• Risk Management Issues, The Geneva Papers on Risk and Insurance - Issues and Practice, No.76 / July 1995

• 1973-1993 Twenty Years of Initiatives and Research on the Economic Role of Insurance and Risk Management in Modern Society, The Geneva Papers on Risk and Insurance - Issues and Practice, No.68 / July 1993

• Risk Management Studies, The Geneva Papers on Risk and Insurance - Issues and Practice, No.64 / July 1992

• Hazardous Waste Management, The Geneva Papers on Risk and Insurance - Issues and Practice, No.51 / April 1989

• Risk and Society, The Discount Rate and Risk and Insurance Issues, The Geneva Papers on Risk and Insurance - Issues and Practice, No.48 / July 1988

• Risk and Insurance Issues, The Geneva Papers on Risk and Insurance - Issues and Practice, No.44 / July 1987

External links

• The Geneva Association website (known as the International Association for the Study of Insurance Economics)

• The GA M.O.R.E Programme web page, Management of Risk in Engineering

• The Risk Institute website

• The ARIA website, the American Risk and Insurance Association