In the News (see all >>)

‘Named peril’ comes to the fore, transforming liability insurance

82% of surveyed underwriters agree Praedicat’s analytics can support the development of tailored, named peril products for their clients (TechValidate survey).

Praedicat is featured in this Future of Insurance article which highlights how we are advancing liability insurance through smart data modelling.

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Latency Catastrophe and the Occurrence Form

Latency catastrophes such as asbestos, pollution, and pharmaceutical litigation have caused insurance companies to pay out billions of dollars in lawsuits. In addition, the ambiguity of allocating these claims to policy years has added another layer of complexity for these companies.

In this Carrier Management article, Robert Reville, CEO of Praedicat and Melissa Boudreau, VP of Modeling, break down latency catastrophe and the occurrence form and demonstrate how Praedicat has developed innovative models as a solution for insurance companies.

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Meet the Modeler

Melissa Boudreau, VP of Modeling for Praedicat, has not only created a model of the occurrence form that could revolutionize how insurers and re-insurers view liability loss, she is also pioneering a new career path for actuaries.

Carrier Management highlights how Melissa and the modeling team at Praedicat are adding value to underwriters and the insurance industry as a whole.

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Press Releases (see all >>)

XL Catlin Enlists Praedicat’s Casualty Emerging Risk Models and Software to help address clients’ changing liability insurance needs

Praedicat is excited to partner with XL Catlin to help their clients address changing liability insurance needs.

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Praedicat Raises $6 Million in Series AA Financing Round to Accelerate Emerging Risk Modeling for Casualty Insurance

Praedicat is pleased to announce that it has completed a $6 million Series AA round of financing. Frank McMahon, a new investor, and existing investors Jacques Dubois and RMS participated.
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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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Videos, Presentations & Webinars(see all >>)

Emerging Risk Technology Improves Industrial Innovation

Understanding emerging risk management is a primary concern for many advanced organizations. As the world’s first “Liability Cat” modeling company, Praedicat is changing the way organizations and insurance companies view risk.

Business Reporter invited Melissa Boudreau, VP of Modeling and Chief Actuary at Praedicat, to its Expert Q&A segment to explain the critical role that modeling plays in quantifying risk.

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

Praedicat and AIG publish white paper on additive manufacturing

Additive manufacturing, also known as 3D printing, has the potential to revolutionize many industries. But like any new innovation, it creates new risks. The Praedicat approach to risk identification is to find what scientists identify and study and how they characterize the severity of these new risks.

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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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