Oasis conference
Date | 03 Jul 2018 |
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Location | Zurich, Switzerland Swiss Re Next Auditorium , Mythenquai 50 Click to open Google Maps |
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Summary
Driving innovation together
Developing "your own view of risk" is a common mandate for natural catastrophe modelling teams and experts around the world. In the past, they used validation and adjustment of third party models to achieve their "own view"; only a few companies like Swiss Re built proprietary models. The Oasis Loss Modelling Framework (Oasis LMF) facilitates model building and adds transparency for model validation.
At the third annual Oasis conference, hosted by Swiss Re Institute and Swiss Re's Cat Perils team, participants learned that Oasis is a powerful framework to build a cost efficient "view of risk" by building proprietary models or by accessing multiple models from various providers via the marketplace of cat models from Oasis.
Today, the Oasis framework is widely used for probabilistic natural catastrophe modelling and provides an alternative to traditional model vendor solutions.
"Rising cost pressures in the insurance industry are boosting the willingness to join forces to reach common goals in model validation, increased model transparency, and interoperability of cat models, which companies used to address independently in the past," Beat Aeberhardt, Swiss Re's Head R&D Cat Perils, said during his introduction.
"Oasis brings together the three key elements of readiness: open source software, a marketplace of models and a community," said Oasis CEO Dickie Whitaker. "Taken together, they give the insurance industry and its R&D partners the means to stay on top of latest developments in risk modelling and tackle the challenges we all face."
Presentations
8.00 |
Registration |
08.30 |
Opening |
08.50 |
Oasis Technology and Interoperability - Getting Models into Oasis |
09.35 |
Global Earthquake Model (GEM) - applicability to the insurance industry and collaboration with Oasis |
10.20 |
Networking break |
10.50 |
Switching Cat Models, regulatory approval, challenges and success stories |
11.35 |
Validating cat models with event loss data |
12.20 |
Standing lunch |
13.30 |
Introduction to afternoon session |
13.45 |
A short overview of (flood) loss modelling relevant research at the Mobiliar Lab for Natural Risks |
14.15 |
What do recent historical events teach us about risk and cat models |
15.05 |
Networking break |
15.35 |
Options for deployment |
15.45 |
Future of Cat Modelling - Science and Operations |
16.30 |
Closing remarks |
16.45 |
Farewell drinks and networking |
Gallery
Photos by Rafael Haegi
About the event
Oasis Loss Modelling Framework provides an open source modelling platform that eases the exchange of catastrophe models. Among other things, this allows the insurance industry to access models from new model providers, which increases the diversity of models and risk views.
At the Oasis Conference, hosted by the Swiss Re Institute and Swiss Re's Cat Perils team, participants will learn more about the suite of available models, options to deploy Oasis, and how Oasis technology is developing. This one-day event also offers stands to many model providers who will be able to demonstrate their model availability to participants. These include: Ambiental, Cat Risk Solutions, Fathom, Impact Forecasting, JBA and Kat Risk GmbH. Lastly there will be a focus on key issues in models, the need for transparency and the future of catastrophe risk modelling.
Speakers

Beat Aeberhard
Head Cat Perils R&D
Swiss Re Institute

Martin Bertogg
Head Cat Perils & Cyber
Swiss Re Institute

Ellen Cousins
Chief Science Officer
Weather Analytics

Peter Geissbuehler
Head of R&D
Pricing and Actuarial Department in Europe

Paul Henshaw
Director of Technology and Development
GEM Foundation

James Lay
Commercial Director
ModEx, Simplitium

Mark Pinkerton
Chief Technology Officer
Oasis LMF

Marc Rierola
Senior Risk Manager & Cat Modeling
Qatar Re

Olivia Romppainen-Martius
A short overview of flood loss modelling relevant research
Mobiliar Lab for Natural Risks

Junaid Serai
Global Head of Cat Model R&D and Governance
SCOR P&C

Claire Souch
Director
AWHA Consulting

Rick Thomas
Managing Director Zurich
Beach

Dickie Whitaker
Chief Executive
Oasis LMF