Guest Post by James Kline (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
In other pieces the Lloyd’s of London City Risk and the Natural Hazard Mitigation Saves studies were discussed. It was noted that both studies provide an assessment of the costs associated with the adverse impact of risk events. The Natural Hazard study focused on natural Hazards, while the Lloyd’s study incorporates both man-made and natural hazard risk events.
This piece will examine the policy recommendations made by the Organization for Economic Cooperation and Development (OECD) for managing Critical Risks and its relationship to ISO 31000:2018. [Read more…]