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CATASTROPHE RISK MANAGEMENTThe U.S. Earthquake Model Delivered through RQE and Oasis Loss Modelling FrameworkA Comprehensive Analytic View of RiskKey BenefitsEarthquakes have the potential to cause
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01
Gather relevant data such as exposure information, hazard data, and vulnerability data.
02
Input the data into the Oasis Loss Modelling Framework software.
03
Set the parameters and run the loss modelling analysis.
04
Review the results and analyze the potential losses.
05
Use the insights gained from the analysis to make informed decisions about risk management.

Who needs oasis loss modelling frameworkopen?

01
Insurance companies looking to analyze and quantify potential losses from natural disasters.
02
Reinsurance companies seeking to understand their exposure to catastrophic events.
03
Government agencies interested in assessing risks and planning for disaster response.
04
Risk managers looking to mitigate potential losses for their organizations.
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The OASIS Loss Modelling Framework is an open-source platform designed to facilitate the modeling and assessment of catastrophe risks and potential losses. It provides tools and methodologies for organizations to analyze and quantify risks associated with natural and man-made disasters.
Organizations involved in risk management, insurance, or reinsurance sectors that need to assess their exposure to catastrophe risks are typically required to file the OASIS Loss Modelling Framework.
To fill out the OASIS Loss Modelling Framework, users must gather relevant data about their exposure and loss potential, select appropriate modeling methodologies, and input this data into the framework as per the provided guidelines and specifications.
The purpose of the OASIS Loss Modelling Framework is to provide a standardized approach to quantify and manage risk exposure from catastrophic events, enabling better decision-making in underwriting, risk assessment, and capital allocation.
Users must report data related to their exposure, loss estimation models, historical loss data, and any assumptions or parameters used in their risk assessments within the OASIS Loss Modelling Framework.
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