Moody’s adds casualty & liability modeling capabilities with Praedicat acquisition

Casualty insurance analytics provider, Praedicat, has been acquired by global rating agency Moody’s Corporation, building on its acquisition of RMS in 2021 and advancing its investments in new analytics and growth in the casualty marketplace.

Terms of the transactions have not been disclosed, but Moody’s says that it will not have a material impact on its 2024 financial results.

With this acquisition, Moody’s is adding comprehensive casualty and liability modeling to its range of market leading solutions for the re/insurance industry, enhancing its overall risk assessment strategy.

California-based emerging risk analytics and modeling company, Praedicat’s models and predictive analytics help insurers and reinsurers navigate risks associated with catastrophic events, including product and environmental liabilities.

Following the acquisition, Moody’s will integrate Praedicat’s capabilities into its existing suite of insurance solutions, “providing casualty insurance industry customers with a holistic approach to understanding their risk exposure,” says the firm.

Rob Fauber, President and Chief Executive Officer of Moody’s, commented: “As losses from catastrophic events are increasing, insurers are constantly looking for science-based casualty data and analytics.

“Praedicat’s industry-leading liability modeling enhances our data and analytics capabilities to deliver actionable insights that will help the casualty insurance industry customers navigate the complex risk landscape.”

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