OASIS Loss Modelling Framework

OASIS Loss Modelling Framework (Catastrophe Modelling)

Catastrophe modelling (known as cat modelling) is the process of using computer-assisted calculations to estimate the losses that could be sustained due to catastrophic events such as a hurricane or earthquake.

OASIS is an improved risk assessment through more models, a different view of the risk, transparency, performance, and innovation. The Oasis Loss Modelling Framework provides an open source platform for developing, deploying and executing catastrophe models. It uses a full simulation engine and makes no restrictions on the modelling approach. Models are packaged in a standard format and the components can be from any source, such as model vendors, academic and research groups.

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Who is it for? (NB. Used in the field of insurance industry, actuarial science, engineering, meteorology and seismology)
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Sector specific?No
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Value Chain Stage: , , ,
Diagnose & ConceiveDesign & DeliverOperate & Maintain
DiagnoseOptionsProcureDesign/PlanFinanceImplementOperateMaintainDispose/Reuse

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