Konjunktionsrisk

Konjunktionsrisk refers to the increased danger or negative consequences that arise when two or more distinct risks occur simultaneously or in close succession. This concept is particularly relevant in fields like risk management, insurance, and disaster preparedness. The core idea is that the combined effect of multiple risks is not simply additive, but can be synergistic, leading to a disproportionately greater impact than the sum of individual risks.

For instance, a company might face the risk of a supply chain disruption due to a natural disaster. If, at the same time, there is a cyberattack that compromises their internal systems, the konjunktionsrisk arises. The natural disaster might hinder physical operations, while the cyberattack could disrupt communication, data access, and financial transactions, making recovery from either individual risk significantly more challenging and potentially catastrophic when they happen together.

Identifying and assessing konjunktionsrisk requires a more sophisticated approach than analyzing single risks. It involves understanding the potential interdependencies between different risk events and their cascading effects. Mitigation strategies for konjunktionsrisk often focus on building resilience and robust contingency plans that can address multiple scenarios. This might include diversifying supply chains, strengthening cybersecurity alongside physical security, and developing comprehensive business continuity plans. The goal is to minimize the likelihood and impact of such combined events.