Praedicat
The world's leading casualty insurance analytics company.
Overview
Praedicat is a casualty analytics company that helps insurers and reinsurers manage emerging and long-tail liability risks. The company uses a combination of data science, machine learning, and scientific literature analysis to identify and model potential sources of catastrophic liability loss. Praedicat's solutions are used by underwriters to assess complex liability risks and manage their portfolio exposure. The company was acquired by Moody's.
✨ Key Features
- Casualty Risk Modeling
- Emerging Risk Identification
- Predictive Analytics
- Portfolio Exposure Management
- Scientific Literature Analysis
🎯 Key Differentiators
- Unique focus on liability and casualty catastrophe risk, as opposed to property
- Science-based approach using NLP to analyze vast amounts of scientific literature
- Forward-looking models that anticipate risks before they emerge in claims data
Unique Value: Provides insurers with the foresight to identify, underwrite, and manage the next generation of major liability risks, which are invisible to traditional historical data-based methods.
🎯 Use Cases (4)
✅ Best For
- Modeling potential losses from asbestos and other long-tail liability risks.
- Identifying new and emerging liability risks.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Property insurance or other lines of business with no liability exposure.
🏆 Alternatives
Offers a systematic, data-driven approach to a problem that is typically handled through ad-hoc, qualitative expert judgment within insurance companies.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Varies tier)
🔒 Compliance & Security
💰 Pricing
Free tier: NA
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