It complements the two CAE conferences on Integrated Risk Management held in Wellington and Auckland on 12-13 March and 19 November 1997. All authors presented papers at one or both conferences. Careful management of risk in all its forms is becoming an increasingly important factor in today's competitive business environment.
Wrong choices can be very costly.
But organisations don't often share information. Techniques that are excellent for business and financial risk management seem unable to cope with the accident-related risks of a transport operator, or the way local and national government deal with disasters. Though risk management approaches have developed in a range of often independent circumstances, the underlying principles are often similar or complementary. It is clear that organisations have much to learn from each other. As the discipline matures and more people come to realise the importance of risk management, the integration of procedures and techniques across finance, law, science, business, engineering, medicine and insurance becomes more necessary.