Praedicat: Finalist for the 2024 Global Innovation Awards
We are excited to announce that Praedicat has been named a finalist for the prestigious 2024 Global Innovation Awards, in the InsurTech Predict & Prevent Innovator of the Year category. This recognition highlights our innovative work in helping businesses anticipate and prevent emerging risks with CoMeta, the industry’s only science-based, forward-looking risk modeling and analytics platform.
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Amanda Lyons and Bob Reville speak with Monte Carlo Today about the significant shifts in the casualty risk environment driven by social inflation and litigation finance. They also discuss how Aon and Praedicat have formed a strategic partnership to tackle the complexities of modern casualty risks.
“Praedicat’s collaboration with Aon is designed to address new challenges and provide innovative solutions for insurers facing emerging risks,” said Bob Reville, CEO and co-founder of Praedicat, a company recently acquired by Moody’s.
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Praedicat is joining Moody’s by Bob Reville
I have very big news. Today, Praedicat has been acquired by Moody’s and I couldn’t be more delighted. Joining the Moody’s family represents the culmination of over twelve years of work building an outstanding team, establishing a new type of risk modeling focused on casualty catastrophes, and humbly learning from our insurance industry clients how to turn our analytics into value in their workflows. But increasingly, the vision of a rigorously data-driven casualty insurance market requires the next level of solution, and Moody’s brings us to that next level and beyond.
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Praedicat Joins Moody’s: A New Era of Innovation in Casualty Risk Assessment
We are excited to announce that Praedicat has officially joined the Moody’s family, marking a significant milestone in our journey and in the evolution of casualty risk modeling. This strategic acquisition combines Praedicat’s leading-edge liability modeling with Moody’s extensive data, technology, and resources. Together, we are poised to deliver unparalleled insights and solutions that will elevate the standard of integrated casualty risk assessment across the industry.
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Understanding the Growing Wave of Mass Torts: Are we Prepared for What’s Ahead?
The hair relaxer litigation that began in October 2022 marks just the tip of a much larger iceberg. Over the past few years, we’ve witnessed the emergence of more than a dozen new mass torts, spanning industries and issues as diverse as PFAS contamination, social media’s impact on mental health, opioid-related damages, and harmful substances in baby food.
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Aon and Praedicat partnership expansion to deliver new emerging risk solutions
We are proud to announce that Aon and Praedicat have expanded our partnership to develop innovative solutions to emerging risks and grow the casualty catastrophe market. This partnership will provide cutting-edge insights and solutions for managing complex liability risks to help cedants understand their potential exposures and determine the best way to grow, manage, and reinsure liabilities.
Praedicat appreciates Aon’s strong record of trailblazing and thought leadership. Aon is committed to supporting its clients by providing innovative solutions, and Praedicat is excited to be a part of that effort. With the integration of Praedicat’s forward-looking technology and Aon’s expertise in reinsurance, the partnership is well-equipped to provide powerful tools for managing and transferring risks in today’s complex liability environment.
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Emerging
Risk Framework
Insights on emerging risks are great but taking
action on them is even better.
Let’s move your business from insights to action.
Our Emerging Risk Framework breaks emerging risk into three phases: emerging interest, emerging damage and emerging litigation. Depending on the phase of emergence, our methodology recommends specific business actions to take and who should take them. Because our framework is embedded in Praedicat software – with access to tools like the litigation tracker, company risk score, and library of realistic disaster scenarios – understanding the information is intuitive and taking action is easier than ever.
(Re)Insurance Solutions
You can think of it as the way we help you protect your company from the next asbestos. Or think of it as how we help your company grow. Either way, you’d be right.
When we move our clients from a risk avoidance mindset to one of risk engagement, the opportunity for growth is extraordinary. See how we might work with you to identify emerging risks to accelerate growth.
Global Industrial Solutions
Better products. Safer. Faster…
Interested?
Better products that are safer for the world and those who live in it, brought to market faster – these product stewardship ideals are at the heart of our global industrial solutions. It’s what happens when we empower our clients to pursue progress, innovation and growth. Come see for yourself.
Praedicat Appearance Calendar
If you are going to be where
we are going to be, let’s be there together!
Global Insurance Forum
When: November 18
Where: Miami