With the great voyages in the fifteenth century it became necessary to evaluate the damage caused by the potential loss of ships. Emerges then the term risk, with connotations similar to what is meant today, but the understanding of its causes was related to accidents and, therefore, impossible to predict. The development of classical probability theory, in the midseventeenth century, to solve problems related to gambling, allowed the start of the process of quantifying the risks, but the causes were still credited to chance
