Catastrophe Risk Management in the Public Sector

by Michael D. Rich

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In January 2010, RAND executive vice president Michael Rich spoke at the first International Symposium on Catastrophe Risk Management, commemorating the establishment of the Institute of Catastrophe Risk Management (ICRM) at Nanyang Technological University in Singapore. In this transcript of the speech, he explains the importance of catastrophe risk management for policymaking in the face of deep uncertainty and discusses challenges for ICRM, RAND, and the rest of the analytic community.

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