Reinsurance News
Praedicat
Praedicat releases COVID-19 litigation tracker results
29th July 2020
Praedicat, a risk analytics and modelling company for casualty re/insurers and industrial firms, has released the initial results from its COVID-19 litigation tracker platform. The newly launched platform found that more than 200 casualty-relevant virus complaints have already been filed in the US courts. The complaints allege that corporate defendants are responsible ... Read the full article
Hiscox selects Praedicat for London Market casualty risk modelling
14th July 2020
Specialist global insurer Hiscox has licensed Praedicat's AI-driven liability cat risk modeling platforms CoMeta and Oortfolio for use within its London Market casualty business. Praedicat’s AI technology is designed to mine peer-reviewed published scientific literature to extract signals of emerging risk, map these risks to commercial activity, and quantify losses that ... Read the full article
Praedicat launches COVID-19 scenarios, industry’s first litigation tracker
10th June 2020
Liability risk analytics software firm Praedicat has announced the launch of 9 realistic COVID-19 litigation scenarios and a COVID-19 litigation tracker to help clients manage their exposure on casualty lines of business. Praedicat says it developed scenarios that represent a range of ultimate pandemic outcomes, including fully-specified causes of action, numbers ... Read the full article
Praedicat to develop named peril casualty product from Lloyd’s Lab
13th November 2019
Praedicat, a risk analytics and modelling company for casualty re/insurers and industrial firms, has announced that it plans to develop a new named peril casualty product in the Lloyd’s Lab. Lloyd’s Lab, the innovation accelerator launched by the Lloyd’s market last year, selected Praedicat as part of the third cohort ... Read the full article
Re/insurance opportunity as mass tort litigations escalate: Praedicat CEO
3rd October 2019
With mass tort style litigations reaching new highs in 2019, insurance and reinsurance companies should increasingly be thinking about how to capitalise on this emerging opportunity, according to Robert Reville, CEO of insurtech risk modelling and analytics firm Praedicat. Speaking at the Reinsurance Rendezvous event in Monte Carlo, Reville explained that ... Read the full article
Praedicat recruits Grant Dewar as VP for Global Industrials
24th July 2019
Praedicat, a risk analytics company for casualty insurers and global industrial firms, has announced the appointment of Grant Dewar as Vice President (VP), Global Industrials. Grant’s previous roles include four years as Chief Operating Officer (COO) for the EMEA Insurance Group at FIS, where he was responsible for driving growth in ... Read the full article
Named peril casualty cover is $90bn per year opportunity, says Praedicat CEO
17th October 2018
Robert Reville, Chief Executive Officer (CEO) of Praedicat, an InsurTech risk modelling and analytics firm, has claimed that developing named peril casualty cover is currently the biggest opportunity in re/insurance, representing a potential $90 billion annual growth opportunity. Praedicat analyses scientific literature to model more than 60,000 potential disease litigation scenarios, ... Read the full article
Hazardous beauty chemicals may pose liability risk, say Allianz and Praedicat
14th September 2018
A potentially harmful trio of chemicals commonly found in beauty products could pose significant liability risk to manufacturers and suppliers if bodily injuries can be linked to exposure, and may have a considerable impact on the insurance industry, according to a report by Allianz Global Corporate & Specialty (AGCS) and ... Read the full article
Praedicat adds former Zurich CUO & ex Director of Validus to its Board
6th September 2018
Praedicat, an InsurTech analytics company for property and casualty insurers and global industrial businesses, has appointed the retired Chief Underwriting Officer of Zurich North America, Mary Merkel, and former Director of Strategy for Validus Holdings, John Hendrickson, to its Board. “With Mary and John’s deep knowledge of insurance underwriting and strategy, ... Read the full article
Praedicat insurtech firm launches new chemical analysis product
25th July 2018
Praedicat, an InsurTech analytics company, has announced the launch of ChemMeta; a product that provides clients with tools to monitor and evaluate the latest regulatory and environmental information on the chemicals it uses. ChemMeta leverages natural language processing and machine learning to “read” and convert high volumes of toxicology and environmental ... Read the full article
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