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What is Oasis Loss Modeling Framework?
The Oasis Loss Modelling Framework (Oasis LMF) functions as an open-source catastrophe modeling platform dedicated to enhancing risk evaluation through its principles of transparency, innovative approaches, and high performance. Established as a not-for-profit organization, Oasis LMF offers numerous tools that facilitate the design, implementation, and management of catastrophe models, granting users the flexibility needed in their modeling techniques. It provides an intuitive web interface alongside an API designed for seamless integration with various systems, thereby improving interoperability and the overall user experience. Essential features such as Oasis ktools enable extensive execution of catastrophe models, while the Oasis Model Development Toolkit is instrumental in developing and testing new modeling methods. Emphasizing collaborative efforts, Oasis LMF encompasses a community ecosystem that includes more than 18 suppliers and upwards of 90 distinct models, fostering a diverse and rich modeling environment. This wealth of resources highlights the platform's commitment to assisting users in effectively navigating the intricacies of risk assessment within a continually changing landscape, ensuring they are well-equipped to handle future challenges. As a result, Oasis LMF not only enhances individual modeling capabilities but also contributes to the collective advancement of the catastrophe modeling industry.
What is Milliman?
Insurance companies face a deluge of data, leading to a crucial question: how can they derive valuable insights from this information? Milliman leads the way in developing and implementing analytical tools that aim to improve decision-making, evaluate and manage risks, enhance predictive accuracy, and simplify complex processes. By leveraging state-of-the-art cloud technologies and innovative statistical techniques, we help you reveal significant insights hidden within your vast datasets. Our support extends to regulatory compliance for both property and casualty (P&C) and life insurance sectors. We offer expert assistance with actuarial aspects of financial examinations, rate filings, and models concerning catastrophic risks. Furthermore, we conduct thorough reviews of models for both P&C and life insurance, ensuring the validation of internal and external catastrophe models, which helps in reducing risk exposure and fostering better decision-making. Our robust modeling capabilities combined with our extensive international experience allow you to generate accurate and actionable financial forecasts and reports. We also analyze the potential effects of forthcoming regulatory changes on reserves and capital, helping you stay compliant in a rapidly changing environment. Ultimately, our collaborative approach equips clients with the confidence to tackle their specific challenges effectively while promoting a proactive stance toward risk management. This commitment to partnership ensures that you are not only prepared for current demands but also for future developments in the industry.
API Availability
Has API
API Availability
Has API
Pricing Information
Free
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Oasis Loss Modelling Framework
Date Founded
2012
Company Location
United Kingdom
Company Website
oasislmf.org
Company Facts
Organization Name
Milliman
Company Location
United States
Company Website
www.milliman.com/en/insurance/analytics