 Welcome, I would like to first introduce you to our university in Switzerland in science, technology and architecture and then introduce you to the topic, the integrative risk, how the different risk and catastrophes are interlinked and depend on each other and that you cannot only think in silos but have to combine them. We are a university of 18,000 students. We teach Germans and local landings in the underground but the master and the PhD all is in English and so we attract also the best student of the world. Please come and join us, Mr. students. Mathematics is a very important issue for all the study. 21 Nobel Prize winners originated from Etihad, also mainly from immigrants. Also in the ranking, we are the best university outside the Anglo-Saxon world. People of course are connected. We have a bottom-up sculpture so each professor has to know his counterpart in different countries. This is mainly US, Europe and Asia. Also in this region, Singapore is a hub where we look at future cities developing only in Asia. So this is also a region where we are interested. Here you see one of our infrastructure related to risk. This is a model of the flooding. Could possible happen to our main railway station. That would be a disaster if it would be shut down. We have a very efficient public transportation system. Risk has to do with money, with finance, with bank, with insurance but it's not all about it. We have to be able to limit the risk and the spreading of risk and so that's why it's connected and how you can isolate if there happens something like a breaking of a dam. We have a lot of hydropower. You build strong dams but you never know if there's an earthquake. Is it stable enough? What happens if the dam breaks or the probability has to be calculated and taken into account how much money we want to invest in the resilience of it. Nuclear power plant. This is technical risk and it also has to do with the human interface. Operator makes mistakes. Most of the accidents are happening early in the morning because operators are asleep or didn't operate according to the program. Cities, the dynamics of cities is important. The flow of energy of water of people and what is connected to the hinterland. Food production has to be transported to the city. Although this is a complex issue and we will hear about how to make cities resilient. Insurance companies ask the question what is more costly to prevent the risk or pay for the damage. And of course this depends on the frequency of the damages and the frequency of the event and this is always not so easy. Terrorisms. If you want to have a business in a region of a country you ask the question is it safe to live there? I think safety is more important sometimes as taxes. Safe life that you can move around. So also this is an issue you will consider if you want to move your business a place. And climate change. It's not only bad for the local people but people will migrate, have to escape from this region. So migration of happening and this also to be considered. So resilience is something which means if the disaster happens can we localize it, keep it local? Does it happen a domino effect? Everything else in surrounding, in finances and in social life. And this is the goal to have a resilient system and to understand how to make it. The Asian connection at Hazurik has a risk lab in the making. We will start in 1st October in Singapore and team up with a local university and US NTU. And the idea is also to have access to data of the Asian region because data is important. So I wish you four interesting talks and solving the problem with us later on. Thank you.