Best Free Reinsurance Software of 2025

The Oasis Loss Modelling Framework (Oasis LMF) serves as an open-source platform for catastrophe modeling that aims to improve risk assessment through its commitment to transparency, performance, and innovation. Founded as a not-for-profit entity, Oasis LMF provides a wide array of tools for the creation, deployment, and operation of catastrophe models, allowing for flexibility in modeling methods. The platform features a user-friendly web interface and an API that ensures easy integration with various systems, enhancing interoperability and user experience. Key components like Oasis ktools facilitate the large-scale execution of catastrophe models, while the Oasis Model Development Toolkit aids in the creation and testing of new models. With a strong focus on collaboration within the community, Oasis LMF boasts an ecosystem that includes over 18 suppliers and more than 90 different models, promoting a rich and varied modeling landscape. This diverse array of resources underscores the platform's mission to support users in navigating the complexities of risk assessment in an ever-evolving environment.

SohamLife is an entirely web-based platform that facilitates the entire insurance operation life cycle, encompassing everything from the initial proposal registration to the conclusive settlement of claims, whether related to death or maturity. This solution is designed to be user-friendly, offering insurers essential flexibility and scalability while ensuring a swift implementation and deployment process. Users, including both agents and policyholders, can easily check the status of proposals, policies, and claims through a straightforward interface. By allowing seamless integration among the Underwriting, Claims, Reinsurance, and Accounting departments, it effectively eliminates data redundancy. Additionally, the system meets both international and country-specific operational processing and reporting needs. SohamLife supports multiple currencies and languages, enhancing its accessibility and functionality across diverse markets. This comprehensive and integrated component-based solution streamlines core business processes, ensuring that data entered in one area is reflected across all components.