Bob Reville

Bob Reville

I am Co-Founder, President and Chief Executive Officer of Praedicat. But the more interesting question is, to quote David Byrne, "How did I get here?"Over my career, I acquired enough knowledge of the arcane worlds of both liability risk and catastrophe ("cat") modeling to realize that combining the two would be a great idea, and Praedicat is the result. I started with liability risk. After graduate school, I joined the RAND Corporation as a policy researcher, where I dug into the world of California's workers' compensation, which is a crazy microcosm of the larger world of civil liability. My work on the impact of permanently disabling injury at work led to recommendations for system reform that were adopted in major legislation in 2004. I then became the Director of the RAND Institute for Civil Justice and led a research program on mass litigation and tort reform, including a major study delivered to Congress on the impact of asbestos litigation. Through this, I saw the widespread concern among insurers and the scientific community over the risk of the "next asbestos." Meanwhile, I founded and co-directed the RAND Center for Terrorism Risk Management Policy where I received a crash course on cat modeling applied to terrorism risk. Impressed with the risk insights from cat models, the team of co-founders of Praedicat began to think that perhaps the course of asbestos could have been better for the world -- victims, defendants and insurers alike -- if insurers had had access to the science about asbestos risk in the form of cat models. That was how Praedicat was born.Today, Praedicat is the leading latency catastrophe modeling company and insights from our models are changing casualty insurance and reinsurance.I received my Ph.D. in economics from Brown University.

Should underwriters expect better data from brokers?

Should underwriters expect better data from brokers? 500 226 Bob Reville

In a recent survey of our customers, we were exploring the data used and needed by underwriters, and we asked whether they agreed with a set of statements. To the…

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Climate change litigation and attribution science

Climate change litigation and attribution science 500 273 Bob Reville

Climate change tort litigation has faced significant obstacles to establishing corporate liability for climate change. Cases such as Kivalina v. ExxonMobil, and California v. General Motors Corporation faced significant obstacles based in tort…

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The job of underwriting and the next asbestos

The job of underwriting and the next asbestos 500 244 Bob Reville

We recently did a survey of some of our customers and out of all the answers to the survey, the one that has stuck with me the most was that…

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We’re not a “casualty catastrophe modeler” anymore

We’re not a “casualty catastrophe modeler” anymore 500 333 Bob Reville

Yesterday, Praedicat released a new version of its risk model. It is a breakthrough in many ways and we are excited to make it available to our clients in our…

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BPA is “probably safe.” Time to revise your underwriting strategy?

BPA is “probably safe.” Time to revise your underwriting strategy? 500 333 Bob Reville

The National Toxicology Program (NTP) published a draft report suggesting that bisphenol A (BPA) is probably safe, according to this Newsweek article. The results are based on animal studies with…

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Is Praedicat’s insurtech solution “friend or foe” to insurers?

Is Praedicat’s insurtech solution “friend or foe” to insurers? 500 499 Bob Reville

The IBM Insurtech report “Friend or Foe? Insurtechs and the global insurance industry” describes how insurers are engaging with insurtechs today. Some are displacing the incumbents, but many are collaborating…

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Research on Dads’ environmental exposures and the implications for liability insurance

Research on Dads’ environmental exposures and the implications for liability insurance 500 335 Bob Reville

The Environmental Health Perspectives (EHP) today has a fascinating review piece about the growing research on fathers’ environmental exposures and children’s developmental injuries. The article mentions that the earliest study…

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