Emerging litigation risk has become one of the most urgent challenges facing casualty re/insurers. The sector increasingly needs to understand not just where litigation exists, but how it connects to insureds, portfolios, and underwriting decisions.

But this is where the CoMeta Litigation Tracker software come it. And because it does, its owner Moody's has won this year's award for Third-party risk solutions provider of the year.

CoMeta Litigation Tracker gives re/insurers a faster way to monitor, manage, and mitigate emerging litigation risk. It continuously tracks US federal and state courts for casualty-relevant mass tort and securities class action complaints, and connects filings directly to insureds, sectors, and portfolios.

The judges noted that the firm has delivered excellent, data-backed evidence of its utility, noting that seven of the top ten US casualty writers currently license the product. They also appreciated the focus on metrics such as monitoring 61,000 lawsuits and tracking 20 emerging risk themes like per-and poly fluoroalkyl substances (PFAS) and addictive software before they become mainstream casualty concerns.

Overall, it was felt that this tool directly facilitates the business of insurance by converting fast-moving external litigation threats into structured, actionable intelligence for early underwriting and exposure management.