Praedicat News
What Is the ‘Next Opioids’ and What Will It Mean for Casualty Insurance?
Opioids litigation, with over 2,000 cases brought by state and local governments against dozens of defendants including opioids manufacturers, retailers and distributors, is being closely watched by ...
Risk Alert: Is Water Making Us Fat?
Drinking water: a commodity so abundant in modern society that we rarely give it much thought. At least until recently with two dramatic discoveries. First, the discovery of lead-contaminated water ...
Catastrophe Modeler Praedicat Raises $6M With Plan to Reach Beyond Insurance Clients
Praedicat said it has completed a $6 million, early stage financing. The Los Angeles-based casualty catastrophe modeling company plans to use the money to accelerate development of products that ...
Meet the Modeler: Praedicat’s Boudreau Takes the Road Less Traveled for Actuaries
After working on a nagging insurance industry problem on and off for three decades, an actuary, who is also a software engineer, recently devised the solution—a new model of the occurrence form for ...
Latency Catastrophe and the Occurrence Form
Over the last 30 years, natural catastrophe modeling has transformed property insurance. When Hurricane Andrew devastated Florida in August 1992, seven domestic insurance companies and one foreign ...
Allianz, Praedicat Partner on Improving Catastrophe Liability Risk Predictions
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based InsurTech analytics firm, to better predict key ...
Praedicat Signs Swiss Re to New Liability Insurance Risk Modeling Platform
Praedicat, a liability catastrophe modeling company, released its new liability insurance risk modeling platform and says it has secured Swiss Re as its first licensee. The new platform, known as ...
The Next Frontier: Praedicat Soaring Into Liability Cat-Modeling Space
For insurers today, emerging risks are like comets were to the ancients: harbingers of doom of mysterious origin. The Romans thought the gods sent a comet to mark the passing of Julius Caesar. Today, ...