Risk Explorer is a free and open-access catastrophe modelling application that demonstrates how to estimate losses using the fundamental components of catastrophe modelling - hazard, exposure, vulnerability - and apply them to a parametric insurance use-case. The tool is currently able to model worldwide tropical cyclone, as well as specific sub-regions for earthquake. Drought/weather index functionality is following in April 2024.

Funded by the Insurance Development Forum (IDF), we developed Risk Explorer in partnership with the Oasis LMF,

The application is intended primarily as an educational resource for those learning about catastrophe modelling; however, it may have certain operational uses given it leverages real-world hazard data dating back multiple decades and uses an actuarial simulation engine to provide a view of risk on tropical cyclone parametric covers anywhere in the world. The tool can be accessed at the following link: https://riskexplorer-oasislmf.com/app/riskexplorer