Risk assessment expert witnesses may opine on risk analysis, enterprise risk management, financial risk management, and related topics.
Financial decisions, such as insurance, express loss in terms of dollar amounts. When risk assessment is used for public health or environmental decisions, loss can be quantified in a common metric, such as a country’s currency, or some numerical measure of a location’s quality of life. For public health and environmental decisions, loss is simply a verbal description of the outcome, such as increased cancer incidence or incidence of birth defects.
Read more: http://en.wikipedia.org/wiki/Risk_assessment.