Integrated Risk Governance pp 7-18 | Cite as
The Challenge
Abstract
Large-scale disasters, which exceed the current coping capacity of socio-ecological systems, are on the increase. Recent examples include the 2008 drought in Ethiopia and other African countries, China’s great ice storm of 2008, hurricane Katrina of 2005 in the U.S., the European heatwave of 2003, as well as the global financial crisis of 2008. An important feature of these disasters is the striking inequality between the vulnerability of people most exposed to the different disasters and the privileged position of others. This is part of the moral mazes (Jackall 2009) in which risk professionals nowadays operate. And in the years to come, the challenge will rise much further.
Keywords
Hedge Fund Insurance Industry Coping Capacity Risk Governance Comparative Case StudyReferences
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