The Risk Foundation was created in 2007 at the initiative of four academic institutions (the Centre Économique des Actuaires, École Polytechnique, ENSAE, and Université Paris Dauphine-PSL) and four financial institutions (Allianz—formerly AGF—Axa, Groupama, and Société Générale), with the aim of contributing to the long-term development of French research potential in all areas of risk.