Moody’s announced that it had acquired Praedicat, a leading provider of casualty insurance analytics. This acquisition adds comprehensive casualty and liability modeling to Moody’s range of market-leading solutions for the insurance industry, enhancing its overall risk assessment strategy.
Praedicat’s models and predictive analytics enable insurers and reinsurers to navigate risks associated with catastrophic events, including product and environmental liabilities. And 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.
The deal builds on Moody’s previous 2021 acquisition of RMS and advances Moody’s investments in new analytics and growth in the casualty market.
The terms of the deal were undisclosed. The deal will not have a material impact on Moody’s 2024 financial results.
KEY QUOTES:
“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.”
– Rob Fauber, President and Chief Executive Officer of Moody’s
