Praedicat + Apollo!

We are pleased to announce that Apollo and Praedicat have entered a three-year engagement in which Apollo will license Praedicat’s CoMeta™ platform. Apollo will employ Praedicat’s industry-leading emerging risk analytics that are designed to identify perils at their earliest stages, quantify commercial exposure, and monitor risk development as scientific evidence and regulatory pressure mount and litigation unfolds.  The two companies will also collaborate to develop new emerging risk coverages for Apollo customers. 

This promises to be a very exciting partnership full of innovation, and we are very much looking forward to it.

Click here to read the full press release.

Risk in the News: Ultraprocessed Foods 

Ultraprocessed foods are ready-to-consume, hyper-palatable, low-cost, and, according to critics, designed to replace all other food groups. But are they harming us? And further…are they addictive? Food addiction is a well-studied phenomenon in biomedical literature and is becoming increasingly recognized as a psychological disorder. If that’s the case, will soft drinks, chips and TV dinners eventually display a warning label, similar to those found on tobacco, alcohol and opioids? 

In his latest article for Carrier Management,  Dr. David Loughran,  SVP Head of Product, reminisces about the four basic food groups of the food wheel, discusses the NOVA system of food classification, and considers how food addiction and ultraprocessed foods might land food companies in the hot seat.

Click here to read the Carrier Management article.

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.

Stealth – Praedicat’s New Home

We want our office to reflect who we are, what we do and how we work – a space that not only mirrors our ethos of trailblazing and innovation, but also inspires it. The Stealth building, designed by renowned architect Eric Owen Moss, does just that.

The design concept for the Stealth originated with a requirement for the excavation and removal of toxic earth from a former industrial site. Now, the space has been transformed into a bold geometric space that radiates creativity, collaboration, and innovation. Spanning over 100 meters in length, the building transforms as you move from its north to south end, its interior and exterior shape continuously transitioning from a triangle to a square structure.

Click here to learn more.

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.