This session is organized as an interdisciplinary session and a joint venture between science and the wider risk industry. Target audience includes private and government scientists from the hazard community along with managers and practitioners from insurance, engineering, InsurTech/FinTech and NGO markets, among others. The focus is on the assessment of risk/resilience and losses predominantly due to regional natural catastrophic events that had (or might have in the future) a significant impact on the society, insurance, government planning, and alike. We welcome talks that target results from interdisciplinary studies on intensities and impact for the largest recent events (such as Harvey, Irma, and others), along with studies that cover how losses have been or will be hedged and what issues might be of public or industry interest when hedging large natural catastrophes today and in a changed future. We also welcome talks that critically assess the current process of risk modeling, management, and hedging herewith providing insights in potential near future changes in methods and processes for natural catastrophic risk assessment, management, and hedging.