The Oasis Risk Explorer is an educational tool developed by the Insurance Development Forum in partnership with Oasis and Maximum Information.
Access the Risk Explorer at https://riskexplorer-oasislmf.com.
The Risk Explorer is designed to help people understand some of the data, processes, and concepts of catastrophe risk modelling with a focus on designing parametric insurance. The tool has been built by a team with extensive experience of catastrophe modelling and insurance pricing.
The step-by-step guided workflow contains options to customise inputs, to help people who are new to this topic learn the effects of different data choices and assumptions on estimated parametric payouts. For example, users can see the effect of using only historical cyclone track data compared with a statistical simulation approach.
This is a free and open-source tool, available under a BSD-3-Clause license. The code is available on the OasisLMF RiskExplorer GitHub repository.
The tool provides data and workflows for three hazards: tropical cyclone and drought weather index (both with global coverage), and earthquake (selected locations).
The user guide (https://oasislmf.github.io/RiskExplorer/) provides detailed methodology and workflow steps.
In this repository:
- develop branch contains all code for rshiny app and to run model.
- gh-pages branch contains documentation.