He said: "Governments and central banks have to take out the catastrophic risks from markets .

The relative calm did not surprise psychologists who study how people can settle into a long-term relationship with catastrophic risk.

They are intended to allow insurance companies to sell some of their exposure to catastrophic risk to futures markets.

It will also require new types of insurance that protect against the most catastrophic risks.

His research interests include questions around global poverty, moral uncertainty and catastrophic risks.

It also issues catastrophe bonds which transfer catastrophic risks from borrowers to investors.

Such is the case with global warming, which poses potentially catastrophic risks to human health.

American business cannot wait for a rough guide to take shape while remaining exposed to potentially transferable catastrophic risk.

So, that's perhaps why the next question came from a woman who announced: "My field is catastrophic risk!"

This is akin to writing a large amount of insurance contracts against a rare but catastrophic risk.