Part 1Flood and Coastal Erosion Risk Management

1. Key concepts and definitions

I1I2C12“Risk”

1

“Risk” means a risk in respect of an occurrence assessed and expressed (as for insurance and scientific purposes) as a combination of the probability of the occurrence with its potential consequences.

2

“Flood risk” means a risk in respect of flood.

3

“Coastal erosion risk” means a risk in respect of coastal erosion.

4

In each case the potential harmful consequences to be considered in assessing risk include, in particular, consequences for—

a

human health,

b

the social and economic welfare of individuals and communities,

c

infrastructure, and

d

the environment (including cultural heritage).