Looking Through the Risk Management Evolution - An Abbreviated History and the Allied Expectations

Risk management practices, like all other disciplines have evolved continuously over the past 100 years. Innumerous events, developments and challenges have shaped the discipline to its current form. Most of these developments have been well researched and discussed as individual problems over time. However, there have been limited studies in analyzing these aspects in conjunction with one another and integrating the different events over a longer horizon through a causality framework. This white paper combines these different events and expresses the author’s expectations about the future of the Risk Management practices, based on an analysis of these relationships and the recent trends.