Moody's Corp acquires insurance analytics firm Praedicat for risk assessment enhancement.

Moody's Corporation has acquired Praedicat, a casualty insurance analytics provider, to enhance its risk assessment capabilities in the insurance sector. This acquisition adds advanced casualty and liability modeling to Moody's offerings, aiding insurers in navigating risks from catastrophic events. The financial terms remain undisclosed, and the deal is not expected to materially affect Moody's 2024 financial results.

7 months ago
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