Data processing system for providing an efficient market for insurance and reinsurance
First Claim
1. A method comprising:
- receiving at a data processing system an underwriting standard from each of a plurality of insurers;
compiling statistics in said data processing system based on said underwriting standards from each of said plurality of insurers;
outputting from said data processing system said statistics to a first reinsurer; and
receiving at said data processing system from said first reinsurer an offer to sell reinsurance.
2 Assignments
0 Petitions
Accused Products
Abstract
A data processing system is disclosed that provides an efficient market for: (1) the provision of insurance and reinsurance between insurers and those seeking insurance and reinsurance, and (2) the sale of insurance between reinsurers. The data processing system provides an efficient market for the provisioning of insurance and reinsurance that not only invites insurers, insurance seekers, and reinsurers to patronize the system, but whose conventions induce them to patronize the system. An embodiment comprises: receiving at a data processing system an underwriting standard from each of a plurality of insurers; compiling a first set of statistics in the data processing system based on the underwriting standards from each of the plurality of insurers; and outputting from the data processing system the first set of statistics to a selected insurer at a price that is based on a measure of fees earned with respect to the selected insurer.
74 Citations
6 Claims
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1. A method comprising:
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receiving at a data processing system an underwriting standard from each of a plurality of insurers;
compiling statistics in said data processing system based on said underwriting standards from each of said plurality of insurers;
outputting from said data processing system said statistics to a first reinsurer; and
receiving at said data processing system from said first reinsurer an offer to sell reinsurance. - View Dependent Claims (2, 3, 4, 5, 6)
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Specification