Oasis Platform for Climate and Catastrophe Risk Assessment - Asia
As of: November 2018
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
- Data gathering work between the in-country and international scientific partners has started, and will last until early 2019 when model development work will start. Initial results will be available later in 2019.
- In-country technical workshops between the project partners and stakeholder launch events have taken place to initiate the projects in the Philippines on 08/08/2018, workshop, launch and field visit to Bangladesh on 01/10/2018-03/10/2018 and political stakeholders seminar on 13/11/2018 in the Philippines.
- Presentations and information is being distributed via oasislmf.org
- The Oasis Loss Modelling Framework platform and documentation is available to download for free from the open-access GitHub website github.com/…, and project specific presentations, training materials etc will be released.
- Further workshops and events will be held in each country in the middle of 2019 as development work progresses, for knowledge-exchange, training and model testing and validation. All materials will be released on the above mentioned websites as they become available. Additional efforts will be made to share the technical details and lessons learnt at the UNISDR Global Platform for Risk Reduction, any relevant ASEAN meetings, and in conjunction with World Bank and Asian Development Bank Disaster Risk Financing and Insurance and Risk Pool initiatives in each country.