Cincinnati, OH, September 14, 2021 – Benchmark Digital Partners, a cloud-based Environmental, Social, Governance (ESG) software solutions provider, has partnered with Praedicat to introduce powerful chemical risk insights into Benchmark’s Product Stewardship and Chemical Risk Management digital solutions.
Organizations have historically been challenged with using primarily reactive systems and programs for chemical risk management. Through the application of machine learning and artificial intelligence technologies, Praedicat is able to identify emerging chemical risks based on deep, analytical reviews of scientific literature. By integrating Praedicat’s cutting-edge technology into existing, digitally-enabled chemical risk assessment and chemical inventory review capabilities, Benchmark is able to provide a “look around the corner” for organizations looking to get ahead of potential hazards to their employees as well as regulatory action.
“It is a privilege to have the opportunity to work with Benchmark, an acknowledged leader and innovator in ESG software, to encourage forward-looking and proactive risk management,” says Lisa Gallagher, co-founder, and CFO of Praedicat. “Our hope is that through partnerships like this, our innovative solutions can continue to make the world cleaner, safer and healthier.”
“For many years, risk management professionals have longed for the proverbial ‘crystal ball’ and the ability to understand what chemicals may, in the future, pose risks to the health and safety of their employees as well as emerging regulatory pressures. Our partnership with the Praedicat team and this integrated technology is a significant step in that direction,” said Donavan Hornsby, Corporate Development & Strategy Officer at Benchmark.
Benchmark Digital Partners will unveil the integrated Praedicat solution at the 2021 PSX conference taking place on September 28-30. Join us at the conference and learn more about the Benchmark Stewardship™ platform for your global product compliance, responsible sourcing, and supply chain performance programs.
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Praedicat is a liability emerging risk analytics company for casualty insurers and global industrial companies. Praedicat’s emerging risk framework makes emerging risk actionable across its lifecycle, helping companies to better identify liabilities early, track the risks and take action as they mature, and defend claims if litigation emerges. Praedicat is creating the technology for a growing and sustainable casualty market.
Praedicat was established in 2012, is based in Los Angeles, California and has offices in New York and London. Praedicat successfully participated in Lloyd’s Lab Cohort 3 and 5, partnered with SOMPO to win an SMA Underwriting Innovation award in 2019, and has made the InsurTech Impact 25 of 2020 list by Oxbow Partners as one of the top-25 most promising insurance technology solution providers. Praedicat’s ultimate aim is to deliver the science around health and environmental risks to businesses, driving smarter decisions that make the world cleaner, safer and healthier.