In the News (see all >>)

A Burgeoning Opportunity

“Casualty insurers are hungry for that sort of innovation, for the same sort of transformation in liability that happened in property,” Dr. Robert Reville, CEO of Praedicat. RMS Exposure recently spoke with Bob Reville in this article highlighting the transition in the insurance industry from defensive coverage to proactive risk modeling. The article also showcases how the probabilistic casualty catastrophe models that Praedicat has developed are properly positioned to support this transition.

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Emerging Risk Can Finally be Measured

Future of Insurance article points to the ongoing concern for how the insurance industry continues to manages casualty catastrophe, specifically emerging risks and highlights how Praedicat is transforming product stewardship and risk management with forward looking science-based analytics to identify and quantify emerging risks and opportunities for corporates and casualty (re)insurance.

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Today’s Crystal Ball

Allianz Global Corporate & Specialty (AGCS) has joined hands with Praedicat to predict with increased accuracy the key catastrophe liability risks ahead. AGCS liability underwriters use Praedicat’s data analysis tools to gain an understanding of the latest trends in scientific discussions.

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Press Releases (see all >>)

AGCS Partners with US InsurTech Praedicat to Identify Next Generation Liability Risks Through Big Data

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz SE, is working with Praedicat, the InsurTech analytics company based in Los Angeles, to better predict the key catastrophe liability risks of the future. By combining Praedicat’s forward-looking predictive modelling approach with AGCS’ underwriting processes and extensive liability risk portfolio analysis, the companies aim to identify the next generation of catastrophe liability risks for business customers far earlier than under current methods.

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Tokio Millennium Re Licenses Praedicat Solutions to Enhance its Analytical Focus to Casualty Underwriting

Praedicat, an InsureTech analytics company based in Los Angeles, California, is pleased to announce today that it has licensed Oortfolio, its casualty catastrophe modeling solution, to Tokio Millennium Re AG (TMR).  The licensing of the Praedicat solution by TMR underscores its commitment to its casualty portfolio and to cutting edge data and modeling as part of its underwriting process.

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Praedicat Releases Oortfolio™, An Unprecedented Liability Catastrophe Modeling Platform — Swiss Re Licenses Oortfolio and Partners with Praedicat to Drive Better Casualty Risk Management

Praedicat, an InsureTech analytics company based in Los Angeles, has released Oortfolio™, its new groundbreaking liability insurance risk modeling platform. Applying cutting-edge data science and modeling, Oortfolio provides an unprecedented emerging risk underwriting and aggregation risk management capability to liability insurance and reinsurance.

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Videos, Presentations & Webinars(see all >>)

Best Practices in Scenario Development and Usage: Present and Future

The Cambridge Centre for Risk Studies, in collaboration with Risk Management Solutions and Praedicat, hosted a workshop on scenario development and usage. This workshop focused on methodologies for developing and applying scenarios for insurance classes beyond property catastrophe lines, and particularly for scenarios that address clash.

Presentations:
Are Scenario Libraries the Next Evolution of Models? Use of Scenario Library, Platforms & Relationship to Models
Bob Reville, CEO
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Chlorinated Organophosphate Flame Retardants: What if the “next asbestos” were literally the next asbestos?
R.J. Briggs, Senior Economist
Adam Grossman, Senior Scientist
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Profiles in Risk Interview

Bob Reville, Praedicat’s CEO, is featured on an episode of Profiles in Risk, a weekly podcast hosted by Nick Lamparelli. In this interview, Bob discusses emerging risk, casualty catastrophes and how insurers can use technology to predict the next asbestos.

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Focus on Aggregations, Not Exclusions

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Bob Reville, Praedicat’s CEO, is interviewed by A.M. Best Company, Inc.  In the video interview, he said casualty insurers that reflexively exclude new risks run the risk of making themselves obsolete.  Instead, they should monitor aggregation across risks.

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Whitepapers, Patents & Case Studies (see all >>)

Emerging Liability Risks: Legionellosis

This report presents information on Legionella bacteria and potential implications of the disease for businesses and the insurance industry. This is the second report in a series prepared by Allianz Global Corporate & Specialty and Praedicat.
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Emerging Risks: Nanotechnology in Food

Allianz Global Corporate & Specialty and Praedicat published the first in a series of reports looking at emerging liability risks. This white paper examines nanotechnology and its applications to the insurance industry, especially to the food and beverage sectors.
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Praedicat Granted a Patent for Determining General Causation from Processing Scientific Articles

Praedicat is proud to announce the award of U.S. Patent No. 9,430,739: Determining General Causation from Processing Scientific Articles. The patent describes an innovative method for processing entire scientific literatures, automatically evaluating their support of causation hypotheses, and estimating the future trajectory of the science. General causation plays an integral role in Praedicat’s casualty risk analytics solutions, CoMeta™ and Oortfolio™, providing important perspective beyond a qualitative article-by-article analysis.

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