Because life is dynamic, a risk assessment cannot be static, it too must be dynamic.

FORBES: Risk Assessments: The Most Important Effort You're Doing All Wrong

The European Union's transport commissioner, Siim Kallas, promised greater co-ordination between the 38 member states of Eurocontrol, the body supposed to integrate air navigation services across Europe, and a more dynamic approach to risk assessment.

ECONOMIST: The effect on business and leisure

The second choice is to take bolder action--we abolish the "Nationally Recognized Statistical Rating Organization" status that credit ratings firms currently have (as provided by the U.S. Securities and Exchange Commission) and open up the way for competition that encourages the growth of new and diverse types of credit assessment firms that cater to investor needs with objective and dynamic measures of risk.

FORBES: Rating Agencies Should Get A Death Sentence