Centre for Risk Studies
The Cambridge Centre for Risk Studies investigates catastrophes across the world, providing the frameworks for recognising, assessing and managing the effects of systemic threats. By charting shockwaves on the international economy, financial markets, firms in the financial sectors and global corporations, we build a clear picture of the causes of these disasters, as well as the best ways to mitigate them in the future.
Who we are
Our multidisciplinary team is a diverse and talented group made up of researchers, faculty and industry professionals. Juggling an impressive array of topics from cyber insurance to global financial crises to geopolitical conflict, our diverse group boasts an impressive array of experts, responsible for research at the Centre, collaboration with other academic institutions and event management. The data gleaned from the results guides our research agenda.
Through external engagement programmes and partnerships, the Centre also engages with stakeholders from the business community, government policy makers, regulators and industry bodies.
What we do
Research
Having gained a worldwide reputation for its innovative research in the analysis, we understand systemic risk management. We explore scenario development, network analysis techniques, modelling of catastrophic events from the level of cities up to macroeconomic views as we study the resulting impacts on economies and markets.
The Risk Prize
An annual competition awarding a prize for the best submission on risk management, run by the Centre for Risk Studies, in conjunction with McKinsey & Company. Open to all postgraduate students at the University of Cambridge who are enrolled in their course on the submission date of the Risk Prize. The winner is awarded £3,000 at the Centre for Risk Studies’ annual conference in June.
Risk Summits
The Risk Summit is an annual event run by the Centre for Risk Studies that brings together senior executives and decision makers from business, government and industry backgrounds, as well as researchers from varied disciplines, to explore the current pressing issues in risk management.
Risk events
The Centre runs an active programme of events in which academics, business leaders, policy makers and other stakeholders discuss and develop responses to risk-management issues.
There are currently no upcoming events. Please check back again later.
News and insights from Centre for Risk Studies
Read the latest news and insights from Centre for Risk Studies.
From taking a risk at Cambridge Judge Business School to founding the CJBS Centre for Risk Studies, we meet Danny Ralph, Professor of Operations Research, Academic Director of the Centre for Risk Studies (CRS), Director of Studies in Management Studies and Fellow of Churchill College. This article is part of our MBA Faculty Spotlight series.…
AI and technology
How your firm can defend itself from a ransomware attack
Ransom was paid in 72% of ransomware cases in which companies sought professional assistance, says report by Centre for Risk Studies at Cambridge Judge Business School and Kivu Consulting based on a novel dataset.
The Centre for Risk Studies and BitSight today announced a new research partnership that will analyse the relationship between organisational cybersecurity investments and risk reduction. The partnership combines security programme investment costs, BitSight's cybersecurity performance data, and the Centre's sophisticated risk and incident modelling in order to help organisations evaluate security and risk management decisions and measure the efficacy of their investments in reducing risk. The partnership comes at a critical time for security professionals to demonstrate the value of their investments to senior leaders. In spite of record spending on cybersecurity technology in 2021, cyber attacks continue to escalate and cause massive financial damage to organisations across all sizes and sectors. Security and risk professionals face growing pressure from executives and boards to quantify the effectiveness of their investments in reducing risk. Jacob Olcott, BitSight's Vice President of Communications and Government Affairs said, "For far too long, organisational cybersecurity decisions and investments have been influenced by fear and marketing. It is critical for security and risk professionals to leverage data analysis in strategic decision making. This partnership will produce unique and valuable research to help leaders consider the financial costs and risk reduction benefits of their cybersecurity strategies. We…