Moody’s has acquired casualty insurance analytics group Praedicat to strengthen its modelling capabilities and provide new resources for customers.

The global risk assessor’s president and CEO Rob Fauber says Praedicat’s predictive models and analytics, specifically on catastrophes, will be vital in helping clients assess risks.  

“As losses from catastrophic events are increasing, insurers are constantly looking for science-based casualty data and analytics,” he said.

“Praedicat’s industry-leading liability modelling enhances our data and analytics capabilities to deliver actionable insights that will help ... casualty insurance industry customers navigate the complex risk landscape.”     

Moody’s has not announced terms of the deal. Its purchase of climate and natural disaster modeller RMS in 2021 was worth $US2 billion ($3 billion).