The RAND Corporation, Risk Management Solutions, Inc. (RMS), and private investors launches a company named Praedicat, Inc., that will provide consulting services and software to the property & casualty insurance industry.
Praedicat builds off of multi-year research and development projects by RAND and RMS on the identification and prioritization of emerging risks using modeling and computer science. Praedicat will have about a dozen employees at launch and expects to locate inCulver City,Calif.
RMS is a provider of products and services for the financial management of global catastrophe risk.RANDis a nonprofit public policy research organization. Praedicat marks the first timeRANDhas spun off a new company for commercial application of its technology research.
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