The MATRIX project aims to develop new methods for multi-hazard and multi-risk assessment in Europe. It will consider how different natural hazards interact and influence vulnerability over time. The project will compare new multi-hazard methods to existing single-hazard analyses. Three test cities will be used: Naples, the French West Indies, and Cologne. Cascade scenarios will be modeled, such as earthquakes damaging dykes and increasing flood risk in Cologne. The project seeks to provide more cost-effective risk reduction strategies by taking a multi-hazard approach to decision making.