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Praedicat

praedicat.com

Founded Year

2012

Stage

Incubator/Accelerator - II | Alive

Total Raised

$18.68M

About Praedicat

Praedicat provides consulting services and software to property and casualty insurance companies. The company extends a field of analytics called catastrophe risk modeling. It was founded in 2012 and is based in Los Angeles, California.

Headquarters Location

5760 West Jefferson boulevard

Los Angeles, California, 90016,

United States

424-672-6336

Praedicat's Product Videos

ESPs containing Praedicat

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

The insurance litigation probability market provides predictive analytics and risk assessment tools to insurance companies to help them assess the probability of litigation related to their insurance policies. This market uses various data analytics techniques to predict the likelihood of legal disputes and litigation related to insurance claims. By identifying potential sources of litigation and …

Praedicat named as Challenger among 14 other companies, including Shift, FRISS, and Gradient AI.

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Praedicat's Products & Differentiators

    CoMeta

    CoMeta brings our Emerging Risk Framework methodology to life and into the hands of our clients, making emerging risks actionable. With CoMeta, the timeline of risk emergence is delivered to our client’s dashboard, enabling casualty insurers and reinsurers to make smarter business decisions informed by science and industry-leading technology.

Research containing Praedicat

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Praedicat in 2 CB Insights research briefs, most recently on Dec 6, 2022.

Expert Collections containing Praedicat

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Praedicat is included in 3 Expert Collections, including Insurtech.

I

Insurtech

4,192 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

7,985 items

US-based companies

G

Green Fintech

267 items

a collection of fintech companies that have an explicitly defined environmental focus at the core of their business.

Praedicat Patents

Praedicat has filed 10 patents.

The 3 most popular patent topics include:

  • Chemical processes
  • Diagrams
  • Technical communication
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/9/2020

2/2/2021

Diagrams, Software testing, Technical communication, Chemical processes, Publishing

Grant

Application Date

3/9/2020

Grant Date

2/2/2021

Title

Related Topics

Diagrams, Software testing, Technical communication, Chemical processes, Publishing

Status

Grant

Latest Praedicat News

Apollo partners with emerging risk analytics company Praedicat

Mar 10, 2023

Reinsurance News Independent specialist re/insurer, Apollo has announced a new, three-year agreement with Praedicat, a California-based emerging risk analytics and modelling company, to harness emerging risk insights. Through this partnership, Apollo will be able to use Praedicat’s technology and data for its underwriting and portfolio management. “Emerging risk has historically been a challenging area for underwriters to address,” said James Slaughter, Apollo’s Group Chief Underwriting Officer. “With Praedicat’s technology, we provide our underwriters with cutting-edge insights, our capital providers with the confidence that our portfolio is contemplating emerging risks, and our customers with the coverage they need to navigate an increasingly complex litigation environment.” Praedicat’s CoMeta platform, the firm explained, creates underwriting insights using technology that searches and reads published biomedical and legal academic research investigating emerging risks from commercial products and activities, and from court dockets. CoMeta connects the risk information extracted by the technology to 128,000 profiled companies. The result is an unprecedented emerging risk underwriting resource. Praedicat Chief Executive Robert Reville commented: “Our new engagement with Apollo explicitly includes collaboration to create new and innovative emerging risk coverages for Apollo customers. “Apollo’s record with insurance product innovation is second-to-none in the Lloyd’s market and robust and tailored coverage is keenly needed in the market.”

Praedicat Frequently Asked Questions (FAQ)

  • When was Praedicat founded?

    Praedicat was founded in 2012.

  • Where is Praedicat's headquarters?

    Praedicat's headquarters is located at 5760 West Jefferson boulevard, Los Angeles.

  • What is Praedicat's latest funding round?

    Praedicat's latest funding round is Incubator/Accelerator - II.

  • How much did Praedicat raise?

    Praedicat raised a total of $18.68M.

  • Who are the investors of Praedicat?

    Investors of Praedicat include Plug and Play Accelerator, Paycheck Protection Program, Lloyd's Lab, American Discovery Capital, RAND Corporation and 4 more.

  • Who are Praedicat's competitors?

    Competitors of Praedicat include Pinpoint Predictive, Zesty AI, Reask, RMS, One Concern and 7 more.

  • What products does Praedicat offer?

    Praedicat's products include CoMeta and 1 more.

  • Who are Praedicat's customers?

    Customers of Praedicat include Sompo and Sentry Insurnace.

Compare Praedicat to Competitors

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CoreLogic

CoreLogic is a property information, analytics, and data-enabled services, provider. The company combines public, contributory, and proprietary data to develop predictive decision analytics and provide business services that bring insight and transparency to the markets it serves. These markets include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic has built a U.S. real estate, mortgage application, fraud, and loan performance database and is a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. It was founded in 1997 and is based in Irvine, California.

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Safehub

Safehub provides property risk management services. It delivers catastrophe risk management solutions, disaster management solutions, structural health monitoring, a sensor and software solution that enables situational awareness for resilience and business continuity professionals, and more. The company was formerly known as IndiCat Technology. It was founded in 2015 and is based in San Francisco, California.

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Cape Analytics

Cape analytics revolutionizes the way information about the built environment is created and consumed. The company enables insurers and other property stakeholders to access valuable property attributes at the time of underwriting with the accuracy and detail that traditionally required an on-site inspection. It was founded in 2014 and is based in Palo Alto, California.

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TensorFlight

TensorFlight analyzes satellite, aerial, drone, and street view imagery in order to automate manual in-person property inspections. It uses artificial intelligence (AI) and machine learning to process near-real-time data for the global insurance industry and property insurers helping them with underwriting, reinsurance, risk, and claims. The company was founded in 2016 and is based in Białystok, Poland.

Reask Logo
Reask

Reask helps insurance companies understand catastrophic risks more effectively. Through risk modeling tools and probabilistic forecasting, Reask provides clients with a greater understanding of what could happen.

Betterview Logo
Betterview

Betterview offers a property intelligence and risk management platform. The company provides monitoring, property issues detection, automation flags, and other features. It also delivers wildfire, hurricane, and hail risk insights and a catastrophic (CAT) response system. The company was founded in 2014 and is based in San Francisco, California.

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