Oasis Platform for Climate and Catastrophe Risk Assessment - Asia
As of: March 2020
Objective and activities
The project goal is to strengthen capacities among-regional stakeholders to understand and develop transparent and standardised catastrophe models to simulate extreme weather event related damages that can be used to assess the likelihood and financial damage caused by extreme climate events and 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. It will also deliver baseline information required to make decisions on climate adaptation. 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 globally available all data in an eMarket, the Oasis Hub.
State of implementation/results
State of implementation/results:
- The project is currently in mid-phase, running from June 2018 until June 2020, and has successfully passed its first milestones with completion of initial simulations, field visits to the sites of historical cyclones and data gathering and sharing between international partners.
- Overview of the project is available here: oasislmf.org/…
- All news updates are posted on the Oasis website and twitter channel oasislmf.org/…, which contains newsletters and links to all materials delivered in the project. The latest project newsletter is available here: oasislmf.org/…
- Key presentations and reports can be accessed via Dropbox: www.dropbox.com/…
- Connection between in-country actors and international risk transfer institutions was initiated through in-country workshops and project launch events in October 2018, bringing together international re/insurance brokers and local insurance markets in each country along with international and in-country scientific partners, political stakeholders and NGOs from each country.
- A multi-day capacity building workshop was delivered with the Bangladesh University of Engineering and Technology (BUET) Institute of Water and Flood Management in June 2019, and the next capacity building workshops will be held in the Philippines in November 2019. Materials can be found here: www.pik-potsdam.de~menz/IKI-Oasis/capacity_building/
- Exchange of visiting experts from the Local Government Engineering Department of Bangladesh begun in 2019 with visits to implementing partner Potsdam Institute for Climate Impact Research (PIK), and IPCC 6th Assessment Report lead author Professor A.K.M. Saiful Islam from Bangladesh University of Engineering and Technology (BUET) Institute of Water and Flood Management participating in relevant London Climate Week events in July 2019.
- The 15th International Conference on Inclusive Insurance for Emerging Markets - Coping with Climate Risk - will take place in Dhaka from 5 – 7 November 2019, at which we will participate. The conference will be hosted in cooperation with the Bangladesh Insurance Association (BIA) and the Microinsurance Network and is expecting around 450 participants.
- The Oasis Loss Modelling Framework platform and documentation is available to download for free from the open-access GitHub website with user-guide: