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Praedicat partners with Sentry on systemic casualty risk

23rd May 2022 - Author: Matt Sheehan

Praedicat, the liability emerging risk analytics company, has announced it has contracted with Sentry Insurance to assist the mutual insurer in better understanding and managing its casualty exposure.

PraedicatIt’s expected that Praedicat’s predictive analytics will help the company to focus on its long-tail casualty exposures within General Liability (GL), which have been a challenge for insurers to get out in front of.

The team also will explore its applicability to Workers’ Compensation (WC), in particular for risks that create GL/WC clash.

Sentry will use Praedicat’s analytics to support its aggregation management, portfolio strategy, and the development of underwriting guidance.

“We are delighted to work with Sentry and to help it manage casualty exposures,” said Robert Reville, CEO of Praedicat. “We have been impressed with Sentry’s commitment to innovation to better understand and focus on casualty aggregation.”

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Jessica Schuler, SVP Client Development & Strategy for Praedicat, also commented: “This has been an incredible collaboration. For us, this is the start of a journey working with regional and national insurers to understand the latent liability risk in their books. Sentry is innovative and forward-thinking, and has been quick to adopt and integrate our analytics across the organization.”

Dan Zastava, Sentry’s Director of Corporate UW & Products, added: “With the increase in active litigation involving risks such as PFAS, and the rise of social inflation, it is essential that we remain ahead of the curve to protect our member companies and offer accessible insurance at risk-appropriate prices. Praedicat’s analytics are one strategy to help us take our casualty underwriting to the next level.”

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