Natural resources catastrophic risk assessment modeling

Abstract

Catastrophic risk represents the individual risk which endangers a relatively large number of people, property, environment and natural resources. In this context, special attention is on the catastrophic risk identification, their analysis, assessments and management. Therefore, it is necessary to seek for adequate models for managing these risks; including the funding plans and arrangements in function to eliminate the harmful consequences of their realization as well as preventive and reduction measures for minimize their adverse effects. In this paper we focused on manage catastrophic risks prior to preventive measures and insurance.