The Framework

The Oasis LMF framework covers functional, technology, data, user interaction, and commercial considerations, together termed the Conceptual Model.

This model is very general and adaptable but it is not a universal model as it provides a particular way of abstracting and organising components and data. It is in this sense a framework for catastrophe loss modelling. Whilst more general than most of the catastrophe loss models currently in use, Oasis LMF’s model is nonetheless a particular abstraction into components of what is an underlying integrated reality of hazard, vulnerability, damage, and insured loss.

Click here to see the framework diagram