Insufficient risk management can leave societies unprepared for known or new hazards and push the systems our societies rely on past risk tipping points. Without proper risk management, the likelihood that hazards turn into disasters and that our systems will stop functioning the way we are used to increases.
All too often, we see that current risk management approaches and strategies are not enough to deal with new disaster extremes and to address risk tipping points. They are designed for reactive rather than proactive implementation, or are hindered by a lack of political will or cohesion. Effective risk governance requires a new approach that considers the root causes of disasters and risk tipping points threatening our systems, as well as their interconnected nature.