Praedicat

What Praedicat does

Praedicat is a casualty catastrophe risk modeling company that was founded in 2012 and acquired by Moody's Corporation on September 5, 2024, after which it operates as a subsidiary integrated into Moody's CoMeta platform. The company builds science-based liability risk analytics for the insurance and reinsurance industry, combining scientific research, legal scholarship, and probabilistic modeling to deliver forward-looking intelligence on emerging liability perils where historical loss data is limited or absent, including PFAS litigation, climate-related liability, D&O exposures, asbestos, and addictive software risks. Its platform monitors more than 300 emerging liability risks and integrates with Moody's Orbis database of over 580 million global companies to resolve insureds to validated entity IDs and map exposures across corporate hierarchies.

The product suite includes CoMeta (the core casualty catastrophe modeling platform), a Litigation Tracking module that monitors US federal and state court filings in real time, a Horizon Scanning capability for early emerging-risk detection, a General Liability Underwriting module, long-tail probabilistic modeling, and an Exposure Management module for accumulation and clash risk analysis. Praedicat generates revenue through enterprise subscription contracts sold to casualty insurers, reinsurers, and brokers, with annual billing and quote-based pricing. Go-to-market now runs through Moody's global direct enterprise sales organization, supported by content marketing, industry events, and case-study publications. The company's customers include a Fortune 500 insurer (collaboration partner) and a US specialty insurer (surety underwriting case study), with reported outcomes including up to 25% improvement in data quality, 40-60% time savings on underwriting tasks, and 430 basis points of loss ratio improvement versus market averages for users of Moody's analytics.

Name

Praedicat

Legal name

Praedicat, Inc.

Website

https://praedicat.com

Company type

Private

Founded year

2012

Operating status

Acquired

Headcount range

11–50 employees

Short description

Praedicat provides science-based casualty catastrophe risk modeling and liability risk analytics for casualty insurers, reinsurers, and brokers. Its CoMeta platform combines emerging-peril research, litigation tracking, and probabilistic models integrated with Moody's Orbis corporate database.

Ownership category

akta.pro rank

Product category

Insurance Risk Analytics

NAICS

Reinsurance Carriers (52413), Insurance Carriers (5241)

akta.pro primary industry

Risk Modeling & Pricing Analytics (FSAOAIAA)

akta.pro secondary industries

Casualty Catastrophe Reinsurance (FSAOACAB), Claims & Loss Analytics (incl. Reserving Support) (FSAOAIAF), Catastrophe Modeling & Exposure Management (FSAOAIAB)

Keywords

• Casualty risk analytics
• Liability catastrophe modeling
• Insurance risk modeling
• Emerging risk assessment
• Exposure management

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Casualty Risk Analytics Subscriptions: Praedicat generates revenue through subscription-based access to its casualty catastrophe modeling platform and risk analytics services, providing liability risk intelligence to insurance and reinsurance companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Praedicat delivers science-based liability catastrophe modeling and risk analytics for casualty insurers and reinsurers. Its CoMeta platform combines scientific research, legal scholarship, probabilistic modeling, and Orbis's structured data on more than 580 million global companies to provide forward-looking intelligence on emerging casualty risks such as PFAS litigation, climate change liabilities, D&O exposures, and asbestos. The platform supports underwriting, exposure management, reserving, portfolio construction, and reinsurance strategy decisions.

Product overview

Praedicat was a casualty risk modeling company acquired by Moody's Corporation in September 2024. Following the acquisition, its liability modeling capabilities were integrated into Moody's CoMeta™ casualty catastrophe modeling platform. CoMeta is a comprehensive platform combining scientific research, legal scholarship, probabilistic modeling, and global corporate data (Orbis) to help (re)insurers understand, quantify, and manage systemic liability risk. The platform includes modules for horizon scanning (monitoring 300+ emerging risks), general liability underwriting, scenario-based analysis, long-tail risk modeling, exposure management, and real-time litigation tracking. Praedicat's expertise focused on liability catastrophes including asbestos, PFAS litigation, climate change-related liabilities, D&O liabilities, and emerging technology risks.

Differentiator

Problem solved

Functional benefit

Products and services

• CoMeta Moody's casualty catastrophe modeling platform purpose-built to help (re)insurers understand, quantify, and manage systemic liability risk before it materializes as loss. Combines scientific research, legal scholarship, probabilistic modeling, and Orbis's structured data on 580+ million global companies to deliver forward-looking views of how casualty catastrophes form, spread, and accumulate across portfolios.
• CoMeta Litigation Tracking Real-time litigation intelligence solution that monitors US federal and state court filings to help insurers understand when and where systemic liability risk is accelerating, integrating litigation signals directly into casualty catastrophe modeling workflows.

Quantifiable outcome

• Customers using Moody's credit risk analytics in surety bond underwriting achieved average loss ratio 430 basis points better than market overall while sustaining market growth
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Moody's RMS: Moody's property catastrophe modeling franchise and Praedicat's sister company within Moody's. Both sell cat-modeling platforms to (re)insurers, with RMS focused on natural catastrophe perils and Praedicat on liability catastrophes — together defining Moody's cat-modeling book of business.
• AIR Worldwide (Verisk): Catastrophe modeling platform owned by Verisk, historically focused on natural catastrophe but expanding into emerging perils. Directly comparable as a third-party cat-modeling vendor serving global (re)insurers with probabilistic risk analytics.

Broad incumbents

• Verisk: Large insurance analytics incumbent owning AIR Worldwide, Sequel, and a portfolio of property/casualty data assets. Competes with Praedicat indirectly through AIR and other analytics offerings targeted at the same insurer buyer base.
• CoreLogic (Cotality): Property and casualty data analytics provider serving mortgage, insurance, and capital markets clients. Comparable as a broad incumbent in insurance-grade risk data and analytics, with overlapping exposure-management capabilities.
• LexisNexis Risk Solutions: Major insurance and risk data vendor serving carriers with identity, claims, and underwriting data. Comparable as a deep insurance data infrastructure provider whose assets compete for the same analytics budget allocations as CoMeta.

Emerging players

• Lex Machina: LexisNexis-owned litigation analytics platform providing data-driven insights on judges, courts, parties, and case outcomes. Comparable to Praedicat's Litigation Tracking module in producing structured, predictive signals from US court filings for commercial users.
• Climate X: Specialty climate risk analytics vendor serving financial institutions and insurers with physical and transition climate risk scores. Comparable to Praedicat's climate liability work as a focused emerging player in physical/transition risk quantification for insurance balance sheets.

Others

• Aon: Global reinsurance broker and risk advisory. Comparable as a primary buyer/distribution channel for cat-modeling outputs and as a potential competitor in offering proprietary risk analytics to its carrier and cedent clients.
• Munich Re: Largest global reinsurer and a likely enterprise customer for Praedicat-style casualty cat analytics. Comparable as both a key buyer and a potential builder of in-house liability modeling capability that could substitute for Praedicat.
• Swiss Re: Major global reinsurer with significant internal actuarial and modeling capabilities. Comparable as a buyer of casualty cat-modeling outputs and as a sophisticated customer whose needs shape Praedicat's product roadmap.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Praedicat
• LinkedInlinkedin.com/company/praedicat-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Praedicat