Interdisciplinary Risk Center of the ETH Zurich (Switzerland)
The aim of the Risk Center’s activities will be to build an integrated view of risk landscapes and develop the means to understand, assess, compare and manage these. Its research output will help societies to better manage risk portfolios and to design novel solutions and collaborative risk reduction schemes. The Risk Center will foster both top-down initiatives and bottom-up collaborative research projects linked with R&D. It will also serve as an interface between academia and industry.
In establishing the interdisciplinary Risk Center ETH Zurich places itself among the leading proponents of Integrative Risk Management (IRM). Integrative Risk Management (IRM) is an emerging risk management approach which addresses a compendium of natural, technical, economic and social risks in the context of specific geographical regions. IRM first identifies and clarifies the risks pertaining to the specific context and produces a comprehensive risk map, the details of which are transposed into a series of aggregated risk metrics. IRM then selects portfolios of risk mitigation activities and sets up collaboration schemes which bring together academia, governments, industry and the private sector. The resultant networking optimizes the evaluation of prevention, recovery and risk transfer activities, balances public and private contributions to risk management, and ultimately contributes to the building of a more resilient society.