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    / OED

    OPEN EXPOSURE DATA (OED)

    Open Exposure Data (OEDTM) is a new exposure data format, developed by Simplitium in collaboration with the industry to ensure a robust and documented exposure framework for Oasis based platforms and models. Designed with Oasis at its core, OED allows firms to take full advantage of the capabilities of the Oasis financial module.

    OED delivers greater transparency and enables more robust validation of exposure data within Oasis. It also allows model vendors to unify around one exposure format, creating a standardisation that is needed in the industry.

    As well as serving as a basis for models running on Oasis, this fully open and independent format is a good starting point for any (re)insurance entity implementing a vendor agnostic exposure database - a recommended strategy to avoid being tied in to any one catastrophe model vendor. 

    Simplitium have laid one of the foundation pieces for the next era of catastrophe modelling. If the industry can banish interoperability woes, we all stand to benefit. At Canopius we see this development as an opportunity to further enrich and differentiate our view of catastrophe risk.

    MAREK SHAFER, CHIEF DIGITAL OFFICER AT CANOPIUS

    DESIGNED BY INDUSTRY PRACTITIONERS

    OED has been designed by experienced industry practitioners and is based on AIR’s CEDE code-set. It comprises four input files (account, location, reinsurance_info and reinsurance_scope) and 20+ back-end tables in a relational database schema. The exposure data format is open-source and is available on GitHub. 

    GO TO GITHUB

    / ORD

    OPEN RESULTS DATA (ORD)

    OED will be complemented by ModEx’s Open Results Data (ORD) format, a structured set of relational tables for storing results from Oasis based models. More information
    on ORD will follow later in the year.

    MORE INFORMATION

    For more information about OED, please contact a member of the ModEx team on oed@simplitium.com, call +44 203 872 1943 or fill out the form below.