Reinsurance News
Praedicat
Moody’s adds casualty & liability modeling capabilities with Praedicat acquisition
5th September 2024
Casualty insurance analytics provider, Praedicat, has been acquired by global rating agency Moody's Corporation, building on its acquisition of RMS in 2021 and advancing its investments in new analytics and growth in the casualty marketplace. Terms of the transactions have not been disclosed, but Moody's says that it will not ... Read the full article
Praedicat promotes David Loughran to Chief Operating Officer
28th February 2024
David Loughran has been promoted to Chief Operating Officer (COO) of Praedicat, the liability emerging risk analytics company. Loughran, who previously served as Praedicat's Senior Vice President of Product & Chief Economist, has been with the company for more than 11 years. In fact, Loughran is one of the co-founder's of the ... Read the full article
PFAS posing a number of challenges for casualty re/insurers: KBW
27th October 2023
A growing concern for some re/insurers is the rise in PFAS chemicals, with water supply cleanup costs potentially set to exceed the $400 billion figure, which suggests that it could become the industry's "next asbestos" according to AI insurance tech firm, Praedicat's CEO and co-founder, Robert Reville. This stems from a ... Read the full article
Aon expands collaboration with Praedicat for liability risks
5th June 2023
Aon has expanded its strategic collaboration with Praedicat to assist it in advising clients on the transfer and mitigation of complex and evolving liability risks, including those associated with climate, microplastics, and nanotechnology. Aon first formed a partnership with Praedicat, a liability emerging risk analytics and modelling company, in 2022, focused ... Read the full article
Apollo partners with emerging risk analytics company Praedicat
10th March 2023
Independent specialist re/insurer, Apollo has announced a new, three-year agreement with Praedicat, a California-based emerging risk analytics and modelling company, to harness emerging risk insights. Through this partnership, Apollo will be able to use Praedicat’s technology and data for its underwriting and portfolio management. “Emerging risk has historically been a challenging area ... Read the full article
Praedicat launches Nekomodel X for casualty cat risk
3rd November 2022
Praedicat, the liability emerging risk analytics company, has launched a new probabilistic casualty catastrophe model called Nekomodel X to help facilitate exposure-based pricing and reserving for insurers. Nekomodel X is designed to expand on the underwriting applications of previous model releases, incorporating data on exposure to emerging risks to help drive ... Read the full article
Praedicat and Experian create new tool for D&O insurance cover
2nd September 2022
Praedicat, a liability emerging risk analytics company has announced its collaboration with Experian, an information services company, to deliver a new company and portfolio analysis tool for underwriters of Directors & Officers (D&O) insurance cover for US publicly traded companies. According to the announcement, the CoMeta Pro integrates into the dashboard ... Read the full article
Praedicat partners with Sentry on systemic casualty risk
23rd May 2022
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. It’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 ... Read the full article
Sompo International expands partnership with Praedicat
22nd November 2021
Sompo International Holdings Ltd., the global Bermuda-based specialty provider of property and casualty insurance and reinsurance, has expanded its partnership with Praedicat, the liability emerging risk analytics company. The expanded partnership will enable Sompo International to use Praedicat’s emerging risk framework, probabilistic liability catastrophe model and a new litigation tracking capability ... Read the full article
Praedicat moves to simplify underwriting of emerging liability risk
28th September 2021
Praedicat, the liability emerging risk analytics company, has launched a new Company Risk Score designed to markedly simplify the underwriting of complex emerging risks for liability insurance. The Company Risk Score is available in Praedicat’s emerging risk software product CoMeta and applies machine learning and artificial intelligence ... Read the full article
Praedicat adds three litigations to its CoMeta tracker
1st July 2021
Emerging risk analytics company Praedicat has updated the litigation tracker in its CoMeta software product with the addition of three new mass litigations. The new mass litigations include PFAS (per- and polyfluoroalkyl substances), heavy metals in baby food, and paraquat, a herbicide alleged to cause Parkinson’s disease. These will be added to ... Read the full article
Praedicat launches Lloyd’s-focused liability analysis platform
14th April 2021
Emerging risk analytics company Praedicat has announced the launch of its new Risk Scenario Analysis Platform. Praedicat says the platform is designed to widen the cross-line clash scope of its scenario suite, as well as make it easier for syndicates at Lloyd’s to produce compliant reports on the six recently-created liability ... Read the full article
Aon & Praedicat collaborate to address reinsurance coverage gaps in casualty
2nd March 2021
A new collaboration between re/insurance broker Aon and Praedicat, a liability emerging risk analytics company, looks to address reinsurance coverage gaps arising from emerging risks through the development of "named peril" products for insurers. The partnership will result in the development of a range of specialist liability reinsurance solutions that address ... Read the full article
Convex partners with Praedicat on emerging liability risks
3rd February 2021
International specialty re/insurer Convex Group Limited has partnered with Praedicat, a risk analytics company specialising in emerging liability risks, to help identify, underwriting and manage complex casualty risks. Praedicat’s AI technology mines global peer-reviewed scientific literature to identify hazards with the potential to develop into drivers of mass tort litigation before ... Read the full article
Praedicat and Lloyd’s Lab develop risk model for casualty insurers
25th November 2020
Lloyd’s Lab and risk modelling firm Praedicat have developed a series of scenarios for the casualty insurance market in the face of the COVID-19 pandemic. The scenarios are designed to help insurers that have a clash risk from COVID-19 that impact general liability and directors & officers (D&O) lines within an ... Read the full article
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