Sompo expands Praedicat partnership

Sompo International has expanded its partnership with Praedicat to include the risk analytics company’s emerging risk framework, its probabilistic liability catastrophe model and a new litigation tracking capability.

Shannon Totten, SVP and Bermuda casualty insurance practice leader at Sompo International, said: “We are thrilled to be expanding our longstanding partnership with Praedicat. For over a decade we have been pushing the boundaries at the intersection of underwriting and technology in casualty with the aim of helping create a more responsible marketplace for us to operate in.”

Robert Reville, Praedicat CEO, added: “Sompo International has been a global leader in the application of modeling and data to casualty insurance. They embraced forward-looking underwriting approaches ahead of the market. With this expanded partnership, Sompo International continues to lead. It is a pleasure to partner with them and exciting to see their commitment to innovation and service to their customers.”

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