Event-based risk assessment

A system comprising:

• a processor;
• and
• a memory in communication with the processor, the memory containing instructions that, when executed by the processor, cause the processor to:
• identify a plurality of liability events of an asset, wherein the plurality of liability events impacts an economic liability of the asset and different subsets of the plurality of liability events chain together in different causal timelines of the asset;
• identify a group of liability events to exclude from analysis based on a likelihood of the group of liability events impacting the economic liability being lower than a threshold;
• analyze remaining liability events;
• and
• identify, from the analysis, a causal timeline of liability events that has a least amount of economic liability.

A computer program product, the computer program product comprising a computer readable storage medium having program instructions embodied therewith, the program instructions executable by a computer to cause the computer to:

• identify a plurality of liability events of an asset, wherein the plurality of liability events impacts an economic liability of the asset and different subsets of the plurality of liability events chain together in different causal timelines of the asset;
• identify a group of liability events to exclude from analysis based on a likelihood of the group of liability events impacting the economic liability being lower than a threshold;
• analyze remaining liability events;
• and
• identify, from the analysis, a causal timeline of liability events that has a least amount of economic liability.