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1. WO2020222246 - SYSTEM AND METHOD FOR PROVIDING AUTOMATIC RATING AND ELECTRONIC TRADING OF INSURANCE RISKS

Publication Number WO/2020/222246
Publication Date 05.11.2020
International Application No. PCT/IN2020/050286
International Filing Date 27.03.2020
IPC
G06Q 40/08 2012.01
GPHYSICS
06COMPUTING; CALCULATING OR COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
40Finance; Insurance; Tax strategies; Processing of corporate or income taxes
08Insurance, e.g. risk analysis or pensions
G06Q 20/40 2012.01
GPHYSICS
06COMPUTING; CALCULATING OR COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20Payment architectures, schemes or protocols
38Payment protocols; Details thereof
40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check of credit lines or negative lists
Applicants
  • SOMAN, Nikhil Govind [IN]/[IN]
Inventors
  • SOMAN, Nikhil Govind
Agents
  • WANGE, Prafulla
Priority Data
20192101701129.04.2019IN
Publication Language English (EN)
Filing Language English (EN)
Designated States
Title
(EN) SYSTEM AND METHOD FOR PROVIDING AUTOMATIC RATING AND ELECTRONIC TRADING OF INSURANCE RISKS
(FR) SYSTÈME ET PROCÉDÉ POUR FOURNIR UN CLASSEMENT AUTOMATIQUE ET UNE NÉGOCIATION ÉLECTRONIQUE DE RISQUES D'ASSURANCE
Abstract
(EN)
Disclosed are a system (100) and a method for providing an automatic rating and electronic trading of insurance risks. The system (100) comprises a database (10), 5 a middleware, a user interface (20), a submission workspace (30), an application interface (40) and a trading interface (50). The system (100) and the method facilitate the standardization of the insurance information resulting in simplification of processes and output to the clients. The system (100) and the method facilitate automation of premium computation leading to robust decision 10 support system for underwriters. The system (100) and the method provide validated loss index that is useful as an underlying asset for insurance linked derivative securities. Figure 2 15
(FR)
. . . . . .
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