Risk modeling is a research area that involves the analysis and prediction of potential risks within various industries and sectors. This process typically involves statistical analysis, probability theory, and data modeling techniques to assess and quantify the likelihood of different risks occurring and their potential impacts on a company or organization. By utilizing risk modeling, companies can identify potential threats, make informed decisions, and develop strategies to mitigate or manage risks effectively. This research area is crucial for industries such as finance, insurance, healthcare, and disaster preparedness, where understanding and managing risks are essential for long-term success and resilience.