Public benefits of open-source catastrophe modelling

Over the last 10 years the insurance sector has funded the development of the non-profit Oasis LMF risk modelling ecosystem. Oasis provides a platform for multiple different model providers and users to come together using a shared set of open standards and methodologies.

Having its genesis in the private sector means that it can be used for both strategic risk decisions and also operational risk finance transactions. This brief gives a short summary of the benefits Oasis can offer to new public sector users, for public good.