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Praedicat aims to help ILS enter the casualty space: CEO Reville

Robert Reville, Chief Executive Officer (CEO) of Praedicat, an InsurTech risk modelling and analytics company for casualty re/insurers, has claimed that the company’s approach to disease litigation may create an opportunity for ILS to enter into the casualty space.Praedicat uses scientific literature to model more than 60,000 potential disease litigation read the full article →

AIR & RenRe collaborate on probabilistic casualty risk model

AIR Worldwide and Bermudian reinsurance firm RenaissanceRe are collaborating on the development of what they call the industry's first probabilistic casualty catastrophe risk model, which the pair say will enhance the industry's modeling of long-tail casualty risk.AIR's parent Verisk Analytics announced the acquisition of Arium, an independent company focused on read the full article →

Praedicat raises $6m for casualty cat model development

Praedicat, a leading casualty catastrophe risk modelling company, has secured a $6 million Series AA round of investment, from sources including existing investor catastrophe risk modelling specialist Risk Management Solutions, Inc. (RMS) and Jacques Dubois.Praedicat hopes the investment will accelerate its growth, by funding the development of its latency casualty read the full article →

AIR to get casualty risk modelling ability with Arium acquisition

Risk modelling firm AIR Worldwide will benefit from liability and casualty risk modelling abilities after parent company Verisk Analytics announced the acquisition of Arium, an independent company focused on liability risk modeling and decision support.This acquisition is expected to enable AIR to provide risk modelling products and analytics for the read the full article →

Oortfolio launch to increase liability risk transfer innovation: Praedicat

The launch of Oortfolio™, a liability insurance risk modeling platform from Praedicat, could stimulate innovation in liability insurance risk transfer, such as attracting new capital by enabling it to better quantify liability exposures and even liability catastrophe bonds.Oortfolio has been announced by Praedicat and will offer the industry "an unprecedented read the full article →

Lack of predictive modelling a factor limiting ILS casualty growth

A catalyst for the growth of insurance-linked securities (ILS) in the property catastrophe reinsurance sector is the capabilities of third-party modelling, but a lack of predictive modelling within the casualty arena mitigates entry and impact of a similar scale, according to industry experts.The entry of alternative capital in the global read the full article →

Big data liability catastrophe models to help ILS into casualty risks

A new report published by the Lloyd's of London insurance and reinsurance market concludes that by underpinning liability catastrophe models with big data techniques, opportunities could be found for the ILS market to get more deeply into casualty risks.The topic of how or when the insurance-linked securities (ILS) market and read the full article →

Praedicat launches CoMeta for casualty risk analytics

An innovative new risk modelling tool has launched this morning which could help to increase transparency and understanding when modelling casualty risks for insurers, reinsurers and insurance-linked securities (ILS).Praedicat, a firm created by RAND Corporation and risk modelling firm Risk Management Solutions, Inc. (RMS) and backed by other investors, is read the full article →