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Praedicat company logo
Private
SOFTWARE (NON-INTERNET/MOBILE) | Financial Services Software
praedicat.com

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Founded Year

2012

Stage

Incubator/Accelerator - II | Alive

Total Raised

$18.68M

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Praedicat

Praedicat provides consulting services and software to property and casualty insurance companies. The company uses new approaches to extend a field of analytics called catastrophe risk modeling. These models are used by the insurance industry and other financial markets to manage the property and casualty risk posed by natural disasters such as hurricanes, earthquakes, and terrorist attacks. Praedicat is developing "liability catastrophe models." Liability catastrophes are catastrophes with a human cause for which businesses or people may be held liable, such as asbestos or climate change. The company is a spin-out of RAND Corporation.

Praedicat Headquarter Location

5760 W. Jefferson Blvd.

Los Angeles, California, 90016,

United States

424-672-6336

Latest Praedicat News

Speciality re/insurer Convex Group launches new European unit

Sep 20, 2021

By Verdict staff Share Article Speciality re/insurance firm Convex Group has launched a dedicated European insurance entity, Convex Europe (CES), based in Luxembourg. The launch of a new entity is aimed at strengthening the company’s presence within the European Economic Area (EEA). Convex noted that the fully regulated insurance subsidiary will offer services and insurance solutions directly to the European market. CES was authorised by the Commissariat aux Assurances (CAA) on 15 September 2021. Convex stated that its new entity has received an A- rating from S&P Global Ratings. The new entity will write European business via a UK branch, located in London. However, the UK branch is yet to receive regulatory approval from Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). Convex Group deputy CEO Paul Brand said: “This is an important step in our ability to provide our partners, colleagues and ultimately our clients in the EEA with certainty and become the insurer of choice for complex risks. “Through CES, Convex will establish a long-term presence in Europe, and via its UK Branch, CES will have the ability to provide European and multinational clients with full service, high-quality insurance risk solutions.” Earlier this year, Convex Group joined forces with AI-powered risk analytics firm  Praedicat  to identify, underwrite and manage complex emerging liability risks. In July 2019, commercial insurance underwriting specialist  Cytora partnered with Convex  to develop an AI-powered solution for the commercial insurance sector.

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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 4 Expert Collections, including P+C Insurance Tech.

P

P+C Insurance Tech

188 items

I

InsurTech

1,630 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

6,976 items

US-based companies

C

Commercial Insurtech

142 items

Companies in this collection help commercial insurers improve processes across the value chain including quote-to-bind, operations, claims, and more. Companies span Multi-line Commercial, Specialty Liability, Workers' Compensation.

Praedicat Patents

Praedicat has filed 9 patents.

The 3 most popular patent topics include:

  • Biostatistics
  • Chemical processes
  • Cognitive science literature
patents chart

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3/9/2020

2/2/2021

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

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

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Praedicat Web Traffic

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