Moody’s Acquires Praedicat, Adding Casualty and Liability Modeling Capabilities
05 Septiembre 2024 - 6:00AM
Business Wire
Moody’s Corporation (NYSE:MCO) announced today that it has
acquired Praedicat, a leading provider of casualty insurance
analytics. The acquisition adds comprehensive casualty and
liability modeling to Moody’s range of market leading solutions for
the insurance industry, further enhancing its overall risk
assessment strategy.
Praedicat’s models and predictive analytics help insurers and
reinsurers navigate risks associated with catastrophic events,
including product and environmental liabilities. Moody’s will
integrate Praedicat’s capabilities into its existing suite of
insurance solutions, providing casualty insurance industry
customers with a holistic approach to understanding their risk
exposure.
“As losses from catastrophic events are increasing, insurers are
constantly looking for science-based casualty data and analytics,”
said Rob Fauber, President and Chief Executive Officer of Moody’s.
“Praedicat’s industry-leading liability modeling enhances our data
and analytics capabilities to deliver actionable insights that will
help the casualty insurance industry customers navigate the complex
risk landscape.”
The transaction builds on Moody’s previous 2021 acquisition of
RMS and advances Moody’s investments in new analytics and growth in
the casualty market.
The terms of the transaction were not disclosed. The transaction
will not have a material impact on Moody’s 2024 financial
results.
For more information on casualty and financial lines
underwriting, please click here.
ABOUT MOODY’S
CORPORATION
In a world shaped by increasingly interconnected risks, Moody’s
(NYSE: MCO) data, insights, and innovative technologies help
customers develop a holistic view of their world and unlock
opportunities. With a rich history of experience in global markets
and a diverse workforce of approximately 15,000 across more than 40
countries, Moody’s gives customers the comprehensive perspective
needed to act with confidence and thrive. Learn more at
moodys.com.
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PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements contained in this release are forward-looking
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that could affect the volume of debt and other securities issued in
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These factors, risks and uncertainties as well as other risks and
uncertainties that could cause Moody’s actual results to differ
materially from those contemplated, expressed, projected,
anticipated or implied in the forward-looking statements are
described in greater detail under “Risk Factors” in Part I, Item 1A
of Moody’s annual report on Form 10-K for the year ended December
31, 2023, and in other filings made by the Company from time to
time with the SEC or in materials incorporated herein or therein.
Stockholders and investors are cautioned that the occurrence of any
of these factors, risks and uncertainties may cause the Company’s
actual results to differ materially from those contemplated,
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statements, which could have a material and adverse effect on the
Company’s business, results of operations and financial condition.
New factors may emerge from time to time, and it is not possible
for the Company to predict new factors, nor can the Company assess
the potential effect of any new factors on it. Forward-looking and
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For Moody’s Investor Relations: Shivani Kak Moody’s Corporation
+1 212-553-0298 Shivani.Kak@moodys.com For Moody’s Communications:
Chris Cashman Moody’s Corporation Chris.Cashman@moodys.com +1
212-553-1461
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