Boat Oasis has expanded its catastrophe risk modelling platform with its first integration of an external analytics platform, TigerEye, reinsurance broker and capital advisor TigerRisk’s Applied Insurance Technologies portfolio management and pricing platform.
Boat Oasis provides an independent, transparent and secure platform for re/insurers to try out catastrophe risk models – generating a growing open marketplace for much wider access to understandable tools for catastrophe risk assessment.
The shared services platform works with a variety of independent model providers, including ARA, COMBUS, and CATRisk Solutions, and its online community has seen constant growth since its December 2016 launch.
“We’re very excited to bring TigerEye’s industry leading reinsurance pricing and portfolio management capabilities to the Boat Oasis platform,” said Vladimir Kostadinov, Head of TigerEye Business Development.
As part of the Boat Oasis platform TigerEye will expand re/insurers options for being able to leverage vendor models for the most sophisticated CAT risk assessment.
“TigerEye is absolutely the right solution for the market and we couldn’t be happier to offer the tool to our clients.
Boat Oasis was formed to provide the re/insurance industry with a deeper understanding of risk and the integration with TigerEye helps us do exactly that” commented Boat Services CEO Jamie Khurshid.
TigerEye is model agnostic and so will be an easy match for integration of additional vendor models’ data to the Oasis interface.
TigerRisk Global Head of Analytics & Technology, Jayant Khadilkar, said having TigerEye on the Boat Oasis platform was a “great example” of the kinds of collaborative effort between re/insurance model vendors the platform was created to generate.
The Boat Oasis catastrophe modelling shared service is operated on the Oasis Loss Modelling Framework (LMF) – a platform designed for easy access and cost-efficient delivery of new and existing catastrophe risk models.
