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High impact low probability events: research landscape and future opportunities

Lauren McMillan, Gianluca Pescaroli*, Mhari Gordon, Margherita Maraschini, Silvia Torresan, José Palma-Oliveira, Beatriz Rosa, Ana Sarroeira, Benjamin D. Trump, Igor Linkov

*Corresponding author for this work

Research output: Contribution to journalReview articlepeer-review

Abstract

High-impact, low-probability (HILP) events, characterised by their extreme consequences and inherent unpredictability, pose a growing challenge to disaster risk reduction in an era of systemic and cascading crises. Traditional risk assessment frameworks, which rely on probability-based models, often fail to capture the full scope of these events, leaving critical vulnerabilities unaddressed. This semi-systematic state-of-the-art review synthesizes current academic discourse on HILPs to identify their defining characteristics and implications for disaster preparedness and response. We analyse a dataset of 109 papers, highlighting the limitations of conventional planning tools and emphasising the need for adaptive, forward-looking strategies that integrate scenario planning, stress testing, and resilience assessment. The review finds that while HILPs are increasingly recognised in national risk registers and post-disaster response frameworks, their integration into preparedness, training, and governance systems remains limited. A key gap lies in translating theoretical insights into operational strategies that can be deployed before crises occur. The paper advocates for a hazard-agnostic, interdisciplinary approach that bridges risk and resilience thinking, enabling systems to anticipate, absorb, and adapt to a broad spectrum of threats. By advancing a research agenda beyond the Sendai Framework, this review contributes to a more robust understanding of HILPs and supports the development of more resilient and responsive disaster management systems.

Original languageEnglish
Article number388
Number of pages25
JournalNatural Hazards
Volume122
Issue number9
Early online date16 Apr 2026
DOIs
Publication statusPublished - 1 May 2026

Keywords

  • Complex crises
  • High-impact low-probability (HILP) events
  • Resilience assessment
  • Risk governance
  • Stress testing
  • Systemic risk

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