Oasis Loss Modelling Framework has launched an industry-owned, vendor-neutral catastrophe modelling platform.

Oasis Software as a Service Limited is targeting enterprise-scale performance and access to more than 300 catastrophe models from multiple providers, including Impact Forecasting, JBA, Fathom, Renew Risk and ARA.

As an early supporter of the platform, Moody’s is currently working on integration with its Intelligent Risk Platform, which will allow users to access Oasis models within a vendor-neutral environment and reduce the complexity of working with models from multiple providers.

The initiative is supported by Amazon Web Services, providing cloud infrastructure for deployment and on-demand computing.

Commenting on the launch, Michael Steel, head of insurance solutions at Moody’s, said: “We welcome this industry-sponsored initiative to create an independent platform for accessing third-party models which dovetails with our own platform, data, applications and models. This is designed to enable a simplified path to workflow integration for our insurance customers. Oasis SaaS provides a neutral, multi-vendor environment with the aim of safeguarding our customers’ choices of the best models for each portfolio.”

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