Overview of risk aggregation approach in different risk scenarios

Abstract

Risk aggregation is the process of assessing the overall risk of multiple risks. Current research discusses risk aggregation issues in different risk scenarios, making the risk aggregation process not universal for diverse. But these works have not been systematically integrated and analyzed to further guide subsequent research on risk aggregation. This paper, therefore, tries to summarize existing approaches for different scenarios to fill the gap in this part of the work. We contribute to risk management by summarizing of previous work and identifying some issues in risk aggregation that still need to be addressed.

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