Praedicat presents at virtual RVS 2021 on Casualty Insurance Risk and Climate Change

Climate change is often seen only as a concern for property insurance. So when our friends at RVS 2021 invited us to discuss the impact of climate change on casualty insurance, we readily agreed. Praedicat’s Dr. Robert Reville, Dr. Adam Grossman, and Stephen C. Jones, share their perspectives on how casualty insurance has seen growing losses in the United States with significant potential for large scale losses.

The Praedicat team also examines three areas of risk for casualty insurance, discuss scenarios and the modeling of these risks, provide quantitative estimates, and share their perspectives on how these trends have the potential to generate losses with a significant industrial footprint in casualty.

Watch the full presentation here.

Learn more about all the RVS 2021 presentations.

Praedicat presents at NAIC Insurance Summit on Climate Change Liability!

Dr. Robert Reville, Praedicat CEO delivered the keynote speech on September 15th at the NAIC 2021 Insurance Summit. Dr. Reville gave an overview of climate change liability as an emerging casualty catastrophe risk and the implications for insurance regulators.
Later in the day, Praedicat’s SVP of Modeling, Melissa Boudreau, joined the conference and headlined her own session where she provides a more granular view of the casualty CAT modeling tools used to assess climate liability risk.
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Watch the full session, including a live Q&A section, here.
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Interested in watching our presentation from the NAIC Summer session on Casualty Catastrophe and Social Inflation? Watch here.

Praedicat Expands Litigation Tracker with PFAS, Toxic Baby food and Paraquat

Praedicat is excited to announce an important update to our litigation tracker platform! Initially launched to track COVID-19 litigation, our clients can now access important litigation information around three additional mass litigations: PFAS (per- and polyfluoroalkyl substances), toxic baby food (heavy metals in baby food), and paraquat (an herbicide alleged to cause Parkinson’s disease).

Read press release here.

Interested in learning more about the history of PFAS litigation then read David Loughran’s latest blog: “The past, present, and future of PFAS litigation in the United States”.

Praedicat participates with Lloyd’s in an InsTech London’s webinar on July 22nd!

Praedicat is thrilled to participate in InsTech London’s latest event that will explore the solution on how to maximize the business value of the emerging risk information uncovered through casualty scenario reporting. The event will feature a presentation by Praedicat’s Dr. Adam Grossman on the emerging risks associated with chemicals in food, building products, and pharmaceuticals. Followed by a discussion led by InsTech London’s Matthew Grant, with Dr. Kirsten Mitchell-Wallace, Head of Portfolio Risk Management at Lloyd’s and Dr. Robert Reville, CEO of Praedicat. Together they will examine the role scenarios play beyond just regulatory reporting and how that information translates into significant business value.

Learn more about Praedicat’s in-software solution that makes reporting on Lloyd’s six new liability scenarios easy, here.

Praedicat makes submitting the Lloyd’s Scenario Requirements Easy!

In August, Lloyd’s syndicates are required to report a set of six liability scenarios. While property scenario reporting is well-established, the requirement for liability scenarios, and the scenarios themselves, are new.

Praedicat has developed an in-software solution that makes reporting on Lloyd’s six new liability scenarios easy. Our streamlined reporting process ensures that you not only meet all of Lloyd’s requirements quickly and efficiently, but go above and beyond to make the exercise compliant, business relevant, and actionable.

For more detailed information regarding Praedicat’s Lloyd’s Liability Scenario solution click here.

Praedicat’s latest AM Best Review article tackles climate change and arsenic.

Climate change is here and so is climate-related litigation. But what does climate change have to do with the recent lawsuits filed against baby food manufacturers? As it turns out, a lot.

In the article “Emerging Litigation Targets Arsenic in Baby Food” featured in the most recent edition of AM Best’s Review, Praedicat’s CEO Robert Reville and SVP of Product and Chief Economist, David Loughran, discuss how droughts caused by climate change have elevated the amount of arsenic and other heavy metals found in rice, and how insurers must help their clients manage this risk.

Read full article here.

Emerging
Risk Framework

Insights on emerging risks are great but taking
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, understanding the information is intuitive and taking action is easy.

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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.

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What We Do

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Creating growth from the landscape of emerging risk is at the core of what we do, and we use science, technology, and analytics to do it. Learn more about what we do, the extraordinary results we’ve garnered for our clients, and what we can do collaborating with you.

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