Moody’s acquires Praedicat to add casualty and liability models

Moody’s Corp. announced today that it has acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s suite 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 the risks associated with catastrophic events, including product and environmental liabilities. Moody’s said it will integrate Culver City, Calif.-based Praedicat’s capabilities into its existing suite of insurance solutions, providing clients in the casualty insurance industry with a holistic approach to understanding risk exposure.

“As losses from catastrophic events increase, insurers are constantly looking for accident science data and analysis,” said Rob Fauber, president and CEO of Moody’s New York, in a statement. “Industry-leading liability modeling from Praedicat enhances our data and analytics capabilities to provide actionable insights that will help customers in the casualty insurance industry navigate the complex risk landscape.”

The transaction builds on Moody’s previous acquisition of RMS in 2021 for $2 billion and advances Moody’s investment in new analytics and growth in the casualty market.

TOPICS
Liability for mergers and acquisitions