Catastrophe Risk Management

Catastrophe Risk Management involves identifying, assessing, and preparing for large-scale, unpredictable events—like hurricanes, earthquakes, or floods—that could cause significant damage to property, lives, and economies. It aims to minimize the impact of such disasters through strategic planning, risk transfer (such as insurance), and investing in protective measures. By understanding potential threats and allocating resources effectively, organizations and governments can better withstand and recover from catastrophic events, ensuring financial stability and public safety.