Moody’s Corporation (NYSE:MCO), acquired Praedicat, a Culver City, CA-based provider of casualty insurance analytics solutions.
The amount of the deal, which will not have a material impact on Moody’s 2024 financial results, was not disclosed.
With the acquisition, which builds on Moody’s previous 2021 acquisition of RMS, the company will expand its offerings in new analytics and growth in the casualty market.
Praedicat provides models and predictive analytics that 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.
FinSMEs
09/09/2024