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Praedicat launches Nekomodel X for casualty cat risk

November 3, 2022


Praedicat, the liability emerging risk analytics company, has launched a new probabilistic casualty catastrophe model called Nekomodel X to help facilitate exposure-based pricing and reserving for insurers.

PraedicatNekomodel X is designed to expand on the underwriting applications of previous model releases, incorporating data on exposure to emerging risks to help drive sustainably profitable business for general liability insurance.

It employs natural language processing and machine learning to connect 128,000 companies, their products, and their business activities to scientific literature that investigates whether these products and activities have the potential to cause bodily injury or environmental harm.

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