Moody's Acquires Praedicat to Enhance Insurance Solutions
LPLALPL Financial(LPLA) ZACKS·2024-09-06 21:41

Moody’s Corp. (MCO) has announced the acquisition of Praedicat, a leading provider of casualty insurance analytics, to enhance its insurance solutions. The details of the transaction have been kept under wraps.Strategic Rationale Behind Moody’s AcquisitionThis deal strengthens Moody’s overall risk assessment strategy by adding comprehensive casualty and liability modeling to its portfolio of market-leading solutions for the insurance industry.MCO will incorporate Praedicat’s models and predictive analytics ...