IKI OASIS

The Oasis Platform for Catastrophe and Climate Change Risk Assessment and Adaptation in Asia is an open access and free software platform with plug and play models enabling transparent risk assessment, risk pricing, and ultimately risk transfer through evaluation of the financial losses and costs associated with extreme events and climate risks. The project goal is to build capacity in two highly-vulnerable countries to develop and sustain over time transparent and standardised catastrophe models that can be used to assess the likelihood and financial damage caused by extreme climate events & underpin information required by financial markets to invest in (Re)insurance. This will ultimately enable a reduction in the gap between insured and uninsured losses in the project countries through different methods of risk transfer e.g. sovereign risk transfer, achieving defined strategic goals in these countries to increase financial risk transfer/insurance mechanisms to help adaptation and development targets. It will also deliver baseline information required to make decisions on climate adaptation. The project will work with Academia, Insurance & Government to develop risk assessment, interpretation and catastrophe model development skills providing the ability to develop and maintain models locally. It will also deliver a flood model for the Philippines and a typhoon model for Bangladesh in the Oasis open source cat model platform and make available globally all data in an eMarket, the Oasis Hub.