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Praedicat, Inc., the leading-edge product risk analytics software company for casualty insurers and global industrial companies, today announced the appointment of Grant Dewar as Vice President, Global Industrials.  Grant will be reporting to Praedicat’s Vice President and Head of Sales, Charles Clarke, and will be based in London.


Grant’s focus will be on bringing Praedicat’s products, presence and expertise to the industrials market on a global basis, working with organizations that manufacture and distribute products such as chemicals, pharmaceuticals and Consumer Packaged Goods (CPG).  This particular sector is a key market for Praedicat as it represents the start point for the entire end-to-end value chain for product risks, from production through to risk management and the purchase of insurance.



Charles Clarke said: “We are delighted that Grant has agreed to join Praedicat, where his extensive knowledge of the insurance sector and his experience in delivering global business transformation will support our efforts to drive growth in the business.  Praedicat will benefit from his expertise in developing C-level client and partner relationships.”


Praedicat uses a combination of Natural Language Processing and Machine Learning to read the global corpus of peer-reviewed scientific literature, currently around 31 million scientific papers. Praedicat’s algorithms look for evidence of a causal link between a product or chemical, and a harm, for example asbestos and mesothelioma. It then mines scientific papers, and extracts metadata to develop a computational weight of evidence assessment describing the maturity and consensus of the scientific literature and the industrial footprint of that agent. Praedicat then builds a probabilistic casualty catastrophe model for latent liability risks.


Grant said: “This is an exciting opportunity to join a dynamic company at the forefront of predictive modelling and risk management for industrial clients.  Praedicat is helping industrials across all areas of their business, not just with their product stewardship requirements.  Environmental health, sustainability, due diligence on potential acquisitions, risk management, as well as safeguarding their own employees, are all areas that concern this sector, to which Praedicat has responded by developing exceptional products.”


Grant’s previous roles include four years as FIS’s COO EMEA Insurance Group, where he was responsible for driving growth in sales, revenues and operational profit margins.  He also managed large multi-cultural insurance and financial services teams delivering significant revenue streams. He spent three years at Willis Towers Watson as an SVP, Sales Europe.



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