Four French institutes, including the École Polytechnique, joined with French insurer AXA and other financial firms to create a €6 million foundation to study risk management.
The financial firms will initially contribute €1 million towards a total fund of €6 million, but the Foundation is open to more research bodies and further industrial sector investment, according to a news release from the new organization, called la Fondation du Risque. The academic partners are the
The Foundation will fund an international centre in
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Study the scientific, statistical, economic, legal and social aspects of any type of risk.
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Promote rational assessment of risks and their impacts
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Develop interdisciplinary exchange on risk management among academics and professionals
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Contribute to risk prevention and risk management policies at micro and macroeconomic levels
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Develop risk education by providing members, public and private decision-makers and the general public with a deeper understanding of risk mechanisms
In order to raise public awareness, the centre will disseminate information through international conferences, seminars, publication of a Risk Foundation Review and creation of an information-based website. It will also create links with social partners, relevant non-governmental organizations and consumer organizations.
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