Moody’s has acquired of Praedicat, a provider of casualty insurance analytics. This move strengthens Moody’s risk assessment offerings by adding casualty and liability modeling to its existing solutions for the insurance sector.
Praedicat’s models and predictive analytics assist insurers and reinsurers in managing risks tied to catastrophic events, such as product and environmental liabilities.
Moody’s plans to integrate Praedicat’s tools into its current insurance offerings, giving casualty insurers a comprehensive approach to assessing risk exposure.
“As catastrophic losses rise, insurers increasingly seek science-driven casualty data and analytics,” said Rob Fauber, President and CEO of Moody’s.
Praedicat’s advanced liability models expand our data capabilities, offering actionable insights to help insurers navigate complex risks.
Rob Fauber, President and CEO of Moody’s
This acquisition follows Moody’s 2021 purchase of RMS and advances its strategy in the casualty insurance market. Financial terms were not disclosed, and the transaction will not materially affect Moody’s 2024 financial outlook.
Moody’s delivers data, insights, and technology to help clients gain a broad perspective and identify opportunities. With 15,000 employees in over 40 countries, Moody’s supports customers in making informed decisions and succeeding globally.
