When did risk assessment start?
Risk assessment is a tool to help an organisation prevent accidents and ill health occurring. The requirement for risk assessment was first legally introduced in 1992 with the Management of Health and Safety at Work Regulations, even though the concept was contained within the Health and Safety at Work Etc Act 1974.
Who started risk assessment?
The study of risk management began after World War II. Risk management has long been associated with the use of market insurance to protect individuals and companies from various losses associated with accidents.
What is the history of risk management?
The Oxford English Dictionary (OED) cites the earliest use of the word in English (in the spelling of risque from its French original, 'risque') as of 1621, and the spelling as risk from 1655.
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