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TechValidate Research on Praedicat

These pages present data that TechValidate has sourced via direct research with verified customers and users of Praedicat. TechValidate stands behind the authenticity of all published data. Learn more »



13 Published TechFacts

1 Published Case Study



Selected Research Highlights


Praedicat Case Study

Tokio Millennium Re

Introduction

This case study of Tokio Millennium Re is based on a March 2018 survey of Praedicat customers by TechValidate, a 3rd-party research service.

“With Praedicat, I have been able to provide my clients with a unique value-add, unrivaled by my peers, and increase my shares on targeted accounts.”

Challenges

Tokio Millennium Re chose to work with Praedicat to help their General Liability underwriting because:

  • Relevant and reliable information about client accounts is hard to come by
  • It is hard to keep up with the latest findings from biomedical scientists
  • Changes from the U.S. Jury are also hard to predict
  • The effects of harmful commercial activities might not be apparent for years to come
  • A lot of risk is poorly understood at the time of underwriting

Use Case

  • Praedicat works with TMRe in the following areas:
    • Risk selection
    • Prospecting for new business
    • Developing underwriting strategy and guidance
    • Enhancing client relationships
    • Providing early warning of emerging risks
    • Monitoring emerging risks at scale
    • Identifying exclusions to apply or remove
    • Choosing attachment points and limits to increase profitability
    • Increasing technical underwriting excellence

Results

The surveyed company achieved the following results with Praedicat:

  • Agrees with the following statements:
    • If Praedicat’s analytics saves them one limit loss, it is worth the investment: strongly agree
    • Praedicat’s analytics can support the development of tailored named peril products for their clients: strongly agree
    • Praedicat has improved their understanding of emerging risk so they can focus on risks that matter: strongly agree
    • With Praedicat, they have more confidence writing new industries and companies: strongly agree
    • Sharing insights from Praedicat has improved the dialogue with current and prospective clients: strongly agree
    • Praedicat’s analytics help inform pricing decisions for difficult risks and layer placement: strongly agree

Praedicat Customer Testimonial

Praedicat provides unique information that is credible, fact-based, and data rich. This has helped me frame and facilitate discussions on complex risks and take action on items of concern.

Enterprise Risk Management, Global 500 Insurance Company

Praedicat Customer Statistic

67% of surveyed underwriters at Global P&C insurers agree that the best underwriter is the underwriter with the best data.

67%


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About Praedicat

Praedicat, Inc. is dedicated to improving the underwriting and management of casualty risk.

Praedicat Website   Praedicat, Inc. Website