Praedicat Releases Nekomodel X

Praedicat has launched Nekomodel™ X, the next generation of its probabilistic casualty catastrophe model. Designed to broaden and enrich the underwriting applications of previous model releases, Nekomodel X now facilitates exposure-based pricing and reserving – capabilities previously unavailable to casualty insurers in a scalable way.

Further, Nekomodel X addresses the unprecedented growth of speculative capital flowing into the plaintiffs’ bar, providing the casualty underwriting industry with the transformational technology it needs to grow and thrive in today’s landscape of litigation funding and social inflation.

Click here to read the full press release.

Praedicat wins Catastrophe Modeling Firm of the Year

On September 28th at Inside P&C’s Honors award dinner Praedicat was named Catastrophe Modeling Firm of the Year! We could not be prouder, or more thankful, to our clients, investors, and team, for this accomplishment.  

When Praedicat started ten years ago we were the first casualty catastrophe modeling firm in the (re)insurance market. Praedicat now works with 9 of the top 10 largest commercial lines underwriters in the US market, an achievement that signifies that casualty catastrophe modeling has definitively come of age.

Praedicat congratulates all the winners, and especially the other short-listed modelers, CyberCube, Karen Clark & Co, and Risk Management Solutions.

Click here to read the full press release.

Experian and Praedicat Collaborate on D&O

While D&O may very well be the caboose of the mass tort train, it is a topic that is front and center for our industry. That is why we are very excited to announce that Experian and Praedicat have collaborated to launch CoMeta® Pro, an unparalleled company and portfolio analysis tool for underwriters of Directors & Officers (D&O) insurance cover for U.S. publicly traded companies.

By combining Experian’s market leading data and risk scoring methodologies with Praedicat’s best-in-class emerging risk and portfolio modeling capabilities, CoMeta Pro delivers an extraordinary forward-looking solution to the D&O market.

Click here to read the full press release.

InsTech Podcast: Turning Risk Into Profitable and Sustained Growth

The InsTech Podcast hosted by Matthew Grant is chock-full of insights from and for the network of industry insiders interested in driving innovation in insurance and risk management. Not only are we big fans, but we like to stop by for a chat every now and again.  

 In the latest InsTech podcast (episode 225), Turning Risk into Profitable and Sustained Growth, Praedicat CEO Robert Reville and Matthew discuss some of the largest risks that face the industry today, including a deep dive into the topic of litigation finance. They also cover a lot of interesting ground, ranging from Praedicat’s origin story to how our time in Lloyd’s Lab led to developing a D&O solution with Experian – but that’s just the tip of the iceberg. 

To listen to the entire conversation, click here

The Price of Plastic Pollution: Social Costs and Corporate Liabilities

The cost to society from plastic pollution exceeds $100 billion per year, according to new research which sheds fresh light on the growing global plastics crisis. The harm to human health is just as damaging as plastic pollution’s more widely-recognized impact on the environment, the research shows.

A detailed study by the Minderoo Foundation and undertaken in conjunction with Praedicat, and legal firm Clyde & Co,  shows the range of harmful impacts of plastic could trigger potentially colossal liability claims.

Read the report here.

Want to hear from the experts themselves? Watch the recording of Praedicat’s Dr. Adam Grossman as he discusses the threat of plastic pollution with an esteemed panel of experts from Clyde & Co, Allianz and the Minderoo Foundation.

Watch the webinar here.

The Rise of Litigation Finance Transforming US Court Environment

Ten years ago, there was no such thing as casualty cat modeling.

Now, adopting casualty cat modeling is an integral part of an insurer’s ability to manage emerging risks like PFAS and addictive software design. According to Praedicat CEO, Robert Reville in his interview with AM Best TV at Monte Carlo, the (re)insurance industry needs to employ an exposure-based approach to reserving and pricing to better prepare itself against the surge of litigation finance that is transforming the US court environment.

Watch video here.

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…

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!

RVS Monte Carlo

When: September 10th – September 14th
Where: Monte Carlo

PSX 2022

October 18th – 22nd
Where: Louisville, KY