PredicDO, which says it offers the first AI-based prediction of Directors and Officers (D&O) risk, has been added to insurtech innovation pool Hannover Re Equarium.

Israel-based PredicDO says it is the first insurtech focused on D&O risk management.

“Our extensive data-science leads to unprecedented and highly accurate insights on D&O Risk,” it says. “Utilising the PredicDO risk score has the potential to reduce D&O losses in publicly traded US companies by over 50%.”

The proprietary database produces risk-reports on public US companies with unique insights on the company and its executives, as well as automated risk-review for portfolios of companies, which can identify high-risk companies in portfolios and enable action to reduce risk.

“Our customers are insurance companies, re-insurers and risk-management consultants, and we offer a unique product for the D&O insurance market,” COO Shay Dubi said.

The AI-powered risk quantification gives unprecedented accuracy based on advanced data science, backed by extensive research and complex data engineering, he says.