Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of market leading solutions for the insurance industry.
Terms of the deal were not disclosed.
Praedicat’s models and predictive analytics help insurers and reinsurers navigate risks associated with catastrophic events, including product and environmental liabilities. Moody’s said it will integrate Culver City, California-based Praedicat’s capabilities into its existing suite of insurance solutions, providing casualty insurance industry customers with a holistic approach to understanding their risk exposure.
“As losses from catastrophic events are increasing, insurers are constantly looking for science-based casualty data and analytics,” said Rob Fauber, president and CEO of New York-based Moody’s, in a statement. “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.”
The transaction builds on Moody’s previous 2021 acquisition of RMS for $2 billion and advances Moody’s investments in new analytics and growth in the casualty market.
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