2026-02-10 · Source: Reinsurance News
Summary in 3 Points • Oasis Loss Modelling Framework launches Oasis SaaS, a not-for-profit, vendor-neutral catastrophe modelling platform • Oasis SaaS aims to deliver enterprise-scale performance while maintaining independence and choice for the industry • The platform's industry ownership model seeks to enhance collaboration and innovation in catastrophe modelling --- Oasis Loss Modelling Framework, a not-for-profit organization known for its open source catastrophe modelling, has introduced Oasis Software as a Service Limited (Oasis SaaS). This new platform is designed as an industry-owned, vendor-neutral solution, emphasizing the preservation of independence and choice for users. Oasis SaaS leverages advanced technology to provide enterprise-scale performance, catering to the needs of the insurance and reinsurance sectors. The platform's unique industry ownership model is intended to foster collaboration and drive innovation in catastrophe modelling, ensuring that stakeholders have access to cutting-edge tools without the constraints of vendor lock-in. For the **London Insurance Market**, the launch of Oasis SaaS represents a significant development in catastrophe modelling capabilities. The platform's open source nature and vendor-neutral stance could lead to more competitive pricing and enhanced flexibility for insurers and reinsurers. By enabling greater **collaboration** and **innovation**, Oasis SaaS has the potential to reshape how catastrophe risks are assessed and managed, offering new opportunities for **risk diversification** and improved **risk management** strategies. **Underwriters** and **brokers** in the London Market should consider the implications of this new platform for their catastrophe risk assessment processes. The industry ownership model of Oasis SaaS may encourage more **transparent** and **collaborative** approaches to risk modelling, potentially leading to more accurate and comprehensive risk evaluations. **Risk managers** should explore how the platform's capabilities can be integrated into existing systems to enhance **risk mitigation** efforts and support strategic decision-making. As the platform evolves, staying informed about its developments will be crucial for maintaining a competitive edge in the market.
For the London Insurance Market, the launch of Oasis SaaS represents a significant development in catastrophe modelling capabilities. The platform's open source nature and vendor-neutral stance could lead to more competitive pricing and enhanced flexibility for insurers and reinsurers. By enabling greater collaboration and innovation, Oasis SaaS has the potential to reshape how catastrophe risks are assessed and managed, offering new opportunities for risk diversification and improved risk management strategies.