RPC Insurtech in brief - December 2020
Welcome to the latest edition from RPC Insurtech in brief providing you with a handful of snappy monthly updates from the industry.
1. Praedicat develops insurance tool for COVID-19 liability
Praedicat, the liability modelling firm, has developed a tool that enables insurers to track exposures, establish reserves and manage aggregations against emerging risks such as the COVID-19 pandemic.
The suite of scenarios are designed to help insurers understand clash risk from COVID-19 that impact general liability and directors & officers liability within an insurer's portfolio.
'Clash': the situation where one underlying event causes multiple claims which can threaten the solvency of insurers.