Boat Oasis has expanded its shared services platform with its first catastrophe simulation models for Australia with the addition of the COMBUS model that assesses risk for Australian Bushfire, Severe Convective Storm, Low Pressure System, Tropical Cyclone and Earthquake.
“By integrating with Boat Oasis, COMBUS becomes more easily accessible to re/insurance firms globally, helping them manage their risk associated with catastrophes in Australia,” said Dr Will Gardner, Managing Director of COMBUS.
The Boat Oasis platform has brought shared services and open source modelling to the re/insurance space, enabling wider adoption of models and cost-efficient risk assessment within the global market.
Jamie Khurshid, CEO of Boat Services, said; “the integration of COMBUS supports and strengthens our commitment to provide the re/insurance industry with a deeper understanding of risk and it is great to see that re/insurance firms are beginning to realise the value in accessing and utilising a range of high quality risk models.”
Oasis Chief Executive, Dickie Whitaker, added; “It’s great to see the momentum developing on new models available on the Oasis platform because the market needs more choice and greater transparency. COMBUS fits these needs perfectly.”
The Oasis shared service platform for CAT risk models has seen considerable success since its launch in December 2016, continuously growing its community to bring re/insurance firms, large vendors and niche risk modelling providers together to mutually benefit from economies of scale.
The shared service platform creates a community where (re)insurance companies, large vendors and niche risk modelling providers from around the world can come together and mutually benefit from economies of scale.
