Praedicat is a latency risk data and modeling company and a spin-off of the nonprofit RAND Corporation and catastrophe modeling firm Risk Management Solutions, Inc. (RMS). The risk principle at the foundation of Praedicat is that “The science is the risk.”  When commercial products or business practices cause latent bodily injury in the population, for the loss to be compensable in court, the injured parties must submit published science supporting the claim to the court.  Scientific literatures that eventually become evidence in court develop one paper at a time over multiple years.  As an emerging risk tool, Praedicat’s text mining technologies identify the science when the earliest papers are published.  As the literature evolves, Praedicat identifies exposure settings and evaluates the state of the science.  When the literatures are mature, Praedicat compares the state of the literature to the characteristics of scientific literatures in admitted litigation. With clearly specified harms and exposed populations identified from peer-reviewed journals, Praedicat is able to estimate severity of the risk and size of the claimant population.  Finally, Praedicat has developed a probabilistic model that uses empirical predictions of the future state of the science to create a science-based prospective litigation event set.  Praedicat’s multidisciplinary team includes bioscientists, economists, actuaries, statistical modelers, data scientists and software engineers. Praedicat’s models have been back-tested and validated by an external actuarial firm.  The data and models are used for underwriting, risk management, and the development of new insurance products by multiple global insurers and reinsurers.  Global industrial companies also use the data and models for best-in-class product stewardship and risk management. 

Praedicat believes in a work-life balance that is supported by a competitive compensation and benefits package. All full-time regular employees are eligible for benefits such as:

• Participation in Praedicat’s Stock Incentive Plan offering equity-based incentives for employees
• The ability to contribute to a Praedicat-sponsored 401(k) plan
• Medical insurance coverage, with PPO, HMO and HDHP options, as well as dental and vision coverage
• Company-paid basic life, AD&D, short-term and long-term disability insurance plans 
• Allotment of PTO (paid time off) and official holidays each year
• Eight hours of paid time off to volunteer at a non-profit organization, per calendar year