Risk-sharing and risk reduction

The two main options to deal with high-impact risks are risk sharing, for instance through insurance or capital markets, and risk reduction, for instance through precautionary investment into prevention and response measures. Both require a precise understanding of the high-impact event and its risk of occurring as well as a high degree of cooperation and coordination of potentially affected parties.

Our activities are designed to pursue the following aims:

• identify and understand high-impact risks
• devise risk sharing and prevention strategies for high-impact events
• contribute to overcoming collective action and coordination problems
• mobilise academic, economic and political resources
• help direct and coordinate activities to achieve maximum effectiveness of invested resources
• promote stakeholders´ awareness of high-impact risks

Aim to set up a grant program

As a first step to reach our goals, we aim to set up a Grant Program to finance projects aimed at better understanding and reducing high-impact risks. Our work is currently dedicated to preparational work for a fundraising campaign.