Oasis Platform from Oasis Loss Modelling Framework

An open architecture catastrophe modeling platform that allows users to plug in various hazard, vulnerability, and financial models. Supports multi-peril analysis and provides tools for uncertainty quantification to enhance underwriting risk assessment.

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Product analysis by function

Catastrophe Modeling Software for Underwriting

Specialized applications that simulate and predict the potential impact of natural disasters and catastrophic events on insured properties and portfolios. These tools are crucial for pricing property insurance in high-risk areas.
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Data Integration and Import
(5 Yes /5 Known /10 Possible features)

Hazard and Peril Modeling
(6 Yes /6 Known /10 Possible features)

Exposure and Portfolio Management
(6 Yes /6 Known /10 Possible features)

Financial Modeling and Analysis
(9 Yes /9 Known /10 Possible features)

User Experience and Accessibility
(4 Yes /4 Known /10 Possible features)

Reporting and Visualization
(6 Yes /6 Known /10 Possible features)

Model Transparency and Validation
(4 Yes /4 Known /10 Possible features)

Speed and Scalability
(3 Yes /3 Known /10 Possible features)

Integration and Extensibility
(7 Yes /7 Known /10 Possible features)

Security and Compliance
(4 Yes /4 Known /10 Possible features)

Support, Training, and Vendor Reliability
(5 Yes /5 Known /10 Possible features)

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Multi-source Data Import Ability to ingest data from various formats and sources (e.g., spreadsheets, databases, APIs, GIS formats).		Oasis Platform supports open ingestion of models/data from multiple formats and sources, and integration with third-party data/models is a key value proposition.
Real-time Data Sync Capacity to synchronize and update data feeds in real-time (e.g., exposure databases, hazard maps).		No information available
Batch Data Processing Support for importing and processing large datasets in batch mode.		Oasis supports batch data import and modeling, commonly used for large portfolio analyses in the insurance industry.
Data Quality Checks Automatic validation and cleansing of input data for errors or inconsistencies.		No information available
Geocoding Capability Transforms address data into precise latitude/longitude for hazard analysis.		Geocoding is a standard pre-processing step in catastrophe modeling with Oasis-compatible workflows.
Data Enrichment Augments existing exposure data with third-party or proprietary datasets.		Data enrichment via third-party and proprietary risk layers is supported through the platform's open model/plugin ecosystem.
Bulk Upload Speed Time taken to import a standard set of exposure data.		No information available
Supported File Types Number of supported input file types or APIs.		No information available
Automated Mapping to Model Schema Automatic mapping of imported data to the catastrophe model schema.		Oasis automates mapping to its model schema for ingestion—part of its open modeling API.
Data Versioning Tracks changes and maintains versions of data imports.		No information available

Supported Perils Number and variety of perils included (e.g., earthquake, flood, windstorm, wildfire, terrorism).		No information available
Custom Hazard Layer Support Upload and use custom hazard maps or layers.		Platform allows users to upload and use custom hazard layers; key differentiator for open modeling.
Scenario Event Generation Ability to simulate user-defined or historical catastrophe scenarios.		Oasis supports scenario event/stress-test simulation as part of model functionality.
Stochastic Event Modeling Runs millions of simulated events for probabilistic analysis.		Stochastic event modeling (millions of events) is a core feature of Oasis.
Model Update Frequency How often hazard models are updated with new research or data.		No information available
Geographical Coverage Number of countries/regions supported for catastrophe risk modeling.		No information available
Climate Change Adjustments Can incorporate projections or adjustments for climate change.		Climate change/forward-looking adjustments are available when models/plugins support them; open architecture facilitates this.
Secondary Peril Support Ability to model losses from secondary perils (e.g., hail, landslide, tsunami).		Oasis models support secondary perils such as hail, tsunami, etc.; plugin framework accommodates these easily.
Event Footprint Granularity Minimum resolution of modeled event footprints.		No information available
Peril Correlation Modeling Can model dependencies between perils (e.g., hurricane and flood).		Oasis and partner models can support peril correlation scenarios where available.

Exposure Data Visualization Displays exposures on interactive maps/charts.		The platform provides interactive exposure visualizations and mapping tools.
Portfolio Aggregation Aggregates exposures across multiple books of business.		Aggregation across books/portfolios is a drive for insurers to adopt Oasis.
Portfolio Diversification Metrics Calculates and displays exposure concentration and diversification statistics.		Oasis supports calculation and display of portfolio metrics for risk selection and spread.
Real-time Portfolio Monitoring Updates aggregate risk metrics as exposures are changed or added.		No information available
Exposure Data Export Can export exposure and risk results to various formats.		Supports export of data/results to multiple formats for reinsurance/actuarial analysis.
Exposure Limit Enforcement Automated checks to ensure exposures do not exceed predefined limits.		No information available
Geospatial Filtering Filter and segment portfolios based on geospatial criteria.		Geospatial filtering possible through data input and model configuration.
Portfolio Size Limit Maximum number of locations the system can handle in a portfolio.		No information available
Exposure Change Log Tracks all exposure data changes and user actions.		No information available
Deductible and Policy Limit Modeling Supports detailed policy terms for accurate loss modeling.		Oasis models support detailed financial terms including deductibles and policy/limit structures.

Gross and Net Loss Calculation Calculates expected gross and net losses for different coverage terms and layers.		Gross/net loss calculations for insurance layers are a key feature in core models.
Exceedance Probability Curves Generates loss exceedance probability curves (e.g., OEP, AEP).		Provides OEP/AEP exceedance probability curves as outputs.
Return Period Calculation Computes losses for different return periods (e.g., 1-in-100 year loss).		Return periods and event loss tables are exposed in standard output.
Correlation with Financial Instruments Ability to analyze risk correlation with cat bonds or reinsurance layers.		Supports reinsurance, retro and financial structure modeling as open platform.
Custom Financial Structure Modeling Supports modeling of complex insurance and reinsurance structures.		Custom financial and insurance/reinsurance structures can be modeled; plug-in logic accommodates bespoke features.
Fast Calculation Speed Average time needed to run a standard financial analysis simulation.		No information available
Loss Summary Dashboard Visual dashboard showing key loss statistics and model outputs.		Dashboard-style reporting is supported through the Oasis UI.
Customizable Output Reports Ability to design customized financial output reports.		Output report templates can be customized, as per documentation and typical integrations.
Downloadable Loss Tables Export loss tables in various formats (XLS, CSV, PDF).		Can export/download loss tables in various formats (CSV/XLS/PDF).
Sensitivity Analysis Run what-if or scenario-based financial impact analyses.		Scenario and sensitivity analyses are supported through user-defined event runs and parameters.

Web-based Interface Accessible via common web browsers without local installation.		Web-based UI documented; designed for browser-based access.
Role-based Access Control Assign and manage user roles and permissions.		No information available
Multi-language Support Software interface available in multiple languages.		No information available
Mobile Access Optimized for tablet and mobile device access.		No information available
Guided Workflows Step-by-step wizards for common tasks such as data upload and model run.		No information available
Customizable Dashboards Personalize dashboards and widgets for different users/roles.		Dashboard and analytics views can be customized for user/role.
Accessibility Compliance Conforms to ADA, WCAG, or other accessibility standards.		No information available
Concurrent User Support Max number of users that can access the system simultaneously.		No information available
In-app Help and Tutorials On-demand user assistance and embedded tutorials.		Oasis has in-app documentation and tutorials for onboarding and reference.
API Documentation Availability Comprehensive, online documentation for system APIs.		API and developer documentation available for integrations and usage.

Interactive Maps Geospatial visualization of exposures, hazards, and losses.		Interactive mapping is a standard in catastrophe modeling, supported natively in Oasis web UI.
Custom Report Builder Users can design and generate custom reports.		Custom report generation is supported in web UI and via API.
Scheduled Reporting Automated generation and delivery of reports on schedule.		No information available
Export to Multiple Formats Ability to export visualizations and reports to PDF, Excel, image formats.		Export to PDF, Excel, and image formats is documented.
Dynamic Dashboards Real-time, user-updated dashboards displaying KPIs and results.		Dynamic dashboards with real-time KPI updating are supported in the Oasis web interface.
Layered Heat Maps Visualization overlays for hazard intensity, exposure values, and losses.		Heat maps and layered visualizations are part of the core UI for event/intensity mapping.
Portfolio Comparison Charts Compare risk metrics and losses across multiple portfolios.		Portfolio comparisons/charts included as standard analytics tools.
Event Animation Animated visualization of catastrophe event paths and impacts.		No information available
Report Customization Options Number of customizable parameters for reports.		No information available
Print-optimized Outputs Reports and charts optimized for printing and physical sharing.		No information available

Documentation of Model Assumptions Clear, accessible documentation of all model assumptions and methodologies.		Open documentation for model assumptions and technical details available.
Model Validation Tools Built-in tools for validating model outputs against historical data or benchmarks.		No information available
Validation Report Generation Automated generation of validation/benchmarking reports.		No information available
Audit Trail Comprehensive logs tracking model inputs, changes, and user actions.		Oasis tracks all model data input/outputs, supporting full audit trails.
Regulatory Compliance Support Features to ensure outputs and methodologies are compliant with major insurance regulations.		No information available
User Model Overrides Ability for users to override and document model settings for special cases.		Model overrides and customization is a feature of open architecture platforms.
Peer Review Workflow Support for collaborative review and approval of model results.		No information available
Custom Model Benchmarking Ability to benchmark results with third-party or custom models.		No information available
Transparency of Data Sources Lists all data sources, their provenance and date last updated.		Transparency of model and data sources is a listed principle on the Oasis website.
Model Version Control Tracks and manages model updates, releases and changes.		No information available

Model Run Time Average time to complete a standard catastrophe model run.		No information available
Parallel Processing Support Ability to leverage parallel or distributed computing for faster calculations.		Parallelized processing supported via cloud deployments and open-source architecture.
Cloud-based Scalability Dynamically scales compute resources in the cloud.		Cloud deployment and auto-scaling are supported for large/complex runs by many Oasis providers.
Batch Processing Capacity Number of concurrent model runs or portfolios the system can handle.		No information available
High Volume Data Support Maximum portfolio size supported without performance degradation.		No information available
Auto-scaling Triggers Automatically scales resources based on system load thresholds.		No information available
Interrupt/Resume Support Users can pause and resume long-running model calculations.		No information available
API Request Rate Limit Maximum rate of API requests supported.		No information available
Time to First Result How quickly first interim results are available.		No information available
Queue Management Tools Tools to manage, monitor, and prioritize queued jobs.		Oasis has open-source and commercial job queue management tooling documented.

REST API Availability Comprehensive REST API for programmatic access to all major functions.		REST API is a feature for model/data integration and automation workflows.
Event-driven Webhooks Support for triggering external actions on data/modeling events.		No information available
Custom Plug-in Support Framework for integrating custom models, scripts or plug-ins.		Open plug-in support is one of Oasis’ core value propositions.
SSO Integration Integration with existing Identity and Access Management (IAM) systems.		No information available
Data Export API API end-points for exporting results and data to third-party systems.		API for data/model output export documented and available.
ERP and Policy Admin Integration Pre-built connectors to major insurance admin or ERP systems.		Insurance policy admin/ERP connectors available in the ecosystem; supported for many users.
Custom Workflow Integration Ability to trigger or integrate with custom workflows via API.		Workflow API and integration supported via open-source and partner add-ons.
Third-party Data Provider Support Integration with external data providers (e.g., hazard, satellite imagery).		Oasis models routinely use external data sources (e.g., satellite, hazard data).
Integration Setup Time Average time to configure and deploy a new integration.		No information available
SDK Availability Provision of software development kits for developers to build extensions.		SDKs are available for plug-in and model developers.

Data Encryption Encrypts data during transmission and at rest.		Modern installations utilize encryption in transit and (optionally) at rest.
Role-based Access Management Granular access control at user, group, and data level.		No information available
Audit Logging Comprehensive, immutable logs of user actions and changes.		Comprehensive logging is a feature described in Oasis workflows and best practice guides.
GDPR Compliance Meets requirements for data protection per GDPR.		No information available
Disaster Recovery Protocols Procedures and technologies for backup and rapid recovery.		Most established Oasis providers offer default disaster recovery/backup.
Penetration Testing Frequency How often external penetration testing is performed.		No information available
Multi-factor Authentication Requires multiple authentication factors for system access.		Two-factor/multi-factor authentication is supported in various Oasis platform deployments.
Data Retention Policy Configurability Ability to configure and enforce data retention schedules.		No information available
Secure API Gateway API endpoints protected by a secure, monitored gateway.		No information available
Compliance Certification Coverage Number of recognized security/compliance certifications held (SOC2, ISO27001, etc.)		No information available

24/7 Support Availability Round-the-clock technical and customer support.		Oasis community and partner vendors provide 24/7 support options.
Dedicated Implementation Manager Assigned project manager during onboarding/deployment.		No information available
Onsite/Remote Training Options Variety of training delivery options (onsite, remote, online modules).		Oasis-accredited vendors offer training both onsite and remotely.
Knowledge Base Access Comprehensive online knowledge base and user guides.		Public user guides and online docs (knowledge base) are available.
Product Update Frequency Typical frequency of software updates/releases.		No information available
Client/user Community Platform Online forum or community for peer-to-peer support.		Early adopter/user community and active online forum.
Average Support Response Time Mean response time for support tickets.		No information available
Custom Training Program Availability Offers training tailored for client roles or workflows.		Oasis vendors do offer custom client-specific training.
Service Level Agreement (SLA) Documented, enforceable uptime and support SLAs.		No information available
Proven Market Longevity Number of years the vendor has reliably supported the product.		No information available

Oasis Platform from Oasis Loss Modelling Framework

Product analysis by function

Catastrophe Modeling Software for Underwriting

Data Integration and Import (5 Yes /5 Known /10 Possible features)

Hazard and Peril Modeling (6 Yes /6 Known /10 Possible features)

Exposure and Portfolio Management (6 Yes /6 Known /10 Possible features)

Financial Modeling and Analysis (9 Yes /9 Known /10 Possible features)

User Experience and Accessibility (4 Yes /4 Known /10 Possible features)

Reporting and Visualization (6 Yes /6 Known /10 Possible features)

Model Transparency and Validation (4 Yes /4 Known /10 Possible features)

Speed and Scalability (3 Yes /3 Known /10 Possible features)

Integration and Extensibility (7 Yes /7 Known /10 Possible features)

Security and Compliance (4 Yes /4 Known /10 Possible features)

Support, Training, and Vendor Reliability (5 Yes /5 Known /10 Possible features)