According to the announcement, CoMeta Pro will be integrated into the dashboard of Praedicat’s emerging risk and underwriting software CoMeta, intuitively presenting two simple scores.
one reflecting Praedicat’s assessment of a potential insured’s exposure to emerging litigation risk; Developed by DataLabs.
Together, they analyze vast amounts of data and provide underwriters with an immediate, leading view of the “overall” D&O risk of each of the approximately 5,000 publicly traded U.S. companies, Praedicat noted.
“Experian’s vast database of governance information on publicly traded companies is an excellent resource for P&C insurance and It will make D&O’s underwriting business more profitable and manageable.”
CoMeta Pro can also be used as a portfolio analysis tool. This is due to its systemic risk modeling, which allows users to quickly assess systemic risk across portfolios and identify D&O-General Liability collision risk arising from large litigation events.
Users can also use this tool to deeply analyze headline scores and understand the details of the individual factors that influence a subject company’s litigation risk, along with the “reason codes” that drive Experian’s risk scores. increase.
Bryan Bond, senior vice president of products, marketing and strategy for Experian Business Information Services, said: , can provide a compelling view of D&O risk not commonly used today.
With these insights, we are excited to combine our predictive Experian D&O models with Praedicat’s role as a trusted P&C insurance modeling provider to enable the next generation of insurance. ”