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.

Praedicat Announces Partnership with VelocityEHS!

We are excited to announce that we have partnered with VelocityEHS, the global leader in cloud-based environmental, health, safety (EHS) and environmental, social and corporate governance (ESG) software. The partnership will deliver a best-in-class Green Chemistry Offering that will tackle critical ESG challenges and drive predictive chemical risk profiling.

The partnership will provide global enterprises with the powerful data and analytical insights needed to better assess and reduce their use of hazardous materials. The result? Significant long-term competitive advantages and the opportunity for responsible and sustainable growth.

Click here to read the full press release.

Pesticides: The New Pharma?

In Praedicat’s latest Carrier Management article, Dr. Adam Grossman and Dr. Robert Reville discuss a wave of pesticide litigation that draws deep comparisons to the litigation against pharma companies in the 1990s and 2000s. The plaintiffs’ bar and litigation funders certainly recognize the recent success of existing pesticide-related cases, but with proper rigor and the right tools, pesticide risk can still be an opportunity for profitable and sustainable underwriting.

Read the article for more insights into the pesticide litigation environment.

The Next Wave of Climate Change Litigation: Industrial Meat

The primary and secondary effects of climate change create risks across most sectors of the economy. While the oil and gas industries are well known litigation targets, our latest article in Carrier Management, The Next Wave of Climate Change Litigation: Industrial Meat, examines an industry that accounts for up to 20 percent of global emissions.

Adam Grossman, Praedicat Senior Scientist and VP of Modeling, and Arianna Libera, Environmental Scientist, examine both the environmental and human health impacts of raising livestock for consumption. They also share their thoughts on the potential costs of two types of potential lawsuits, costs that start in the hundreds of billions.

Read article here.

Casualty Underwriting: The Original ESG

Environmental, Social and Governance (ESG) performance has become a focus for many industries, including P&C insurance, because the issues that drive ESG can also drive liability.

Dr. David Loughran and Dr. Robert Reville in the Carrier Management Article: “Casualty Underwriting: The Original ESG”, make the point that for ESG to drive meaningful change, it must have a foundation in emerging risk, deep knowledge of how companies act rather than what they promise, and an unwavering focus on accountability and liability…which sounds a lot like underwriting.

Read more 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