Collaborative risk transfer system
3 Assignments
0 Petitions
Accused Products
Abstract
An automated method and system (100) for the collaborative, on-line development and delivery of customized risk transfer programs. A profile of risk, liquidity and foreign exchange is obtained from each customer via a network connection. A series of scenarios under both normal and extreme situations are then developed in order to provide a complete picture of the risks facing the customer base. Information from external sources and internals systems is then combined with the scenarios to drive simulations that identify the optimal mix of risk transfer for each customer and the required pricing for risk transfer transactions. The optimal mix is then presented to the risk exchange system operator (21) for optional editing, rejection or acceptance. After the optimal mix has been determined, asset sales and purchases are completed as required to bring the asset mix in line with the specified mix. The information regarding the proposed risk transfers is reviewed by the customer (20) and optionally accepted. If accepted, the transactions are completed in an automated fashion.
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Citations
82 Claims
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1-41. -41. (canceled)
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42. A computer readable medium having sequences of instructions stored therein, which when executed cause the processor in a computer to perform a risk transfer operation method, comprising:
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obtaining quantified risk data for a plurality of customers where the quantified risks are selected from the group consisting of event risks, contingent liabilities, volatility risks and combinations thereof, analyzing the quantified customer risk data to identify one or more swap transactions between customers that will reduce their risk, and optionally completing one or more of the identified transactions in an automated fashion. - View Dependent Claims (43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55)
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56. A risk transfer system, comprising:
networked computers each with a processor having circuitry to execute instructions;
a storage device available to each processor with sequences of instructions stored therein, which when executed cause the processors to;
obtain data for a plurality of customers, quantify one or more risks for each customer by category of value using said data where the categories of value are selected from the group consisting of current operation, real options, market sentiment and combinations thereof and where the risks are selected from the group consisting of event risks, contingent liabilities, volatility risks and combinations thereof, and analyze the quantified customer risk data to identify an optimal set of risk transfer transactions for each customer. - View Dependent Claims (57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70)
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71. A risk transfer method, comprising:
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obtaining value impact and risk data by element of value and market value factor for each of a plurality of customers, analyzing said data to identify an optimal set of risk transfer transactions for each customer where the optimal set of risk transfer transactions is the set that minimizes the value impact of retained risks within the constraints on risk transfer imposed by the capital available for risk transfer purchases, and optionally implementing the optimal set of risk transfer transactions where customer risk transfer transactions are selected from the group consisting of insurance policy transactions, swaps, derivative transactions and combinations thereof. - View Dependent Claims (72, 73, 74)
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75. A risk transfer apparatus, comprising:
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management systems for a plurality of customers, means for accessing and storing data from said management systems, means for obtaining and storing risk transfer operation regulatory requirements and performance data, means for generating scenarios for customer risk transfer requirements and risk transfer operation performance using the performance data, regulatory requirements and customer data where the customer risks are selected from the group consisting of event risks, contingent liabilities, volatility risks and combinations thereof; and
means for identifying, displaying and optionally implementing the optimal mode for risk transfer operation. - View Dependent Claims (76, 77, 78, 79, 80)
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81. Swaps for transferring element of value risks where the elements of value are selected from the group consisting of alliances, brands, channels, customers, customer relationships, employees, equipment, partnerships, processes, supply chains, vendors, vendor relationships and combinations thereof and the risks and where the risks are event risks, contingent liabilities, volatility risks and combinations thereof.
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82. Independent software applications that integrate data in accordance with a common xml schema by management system where management systems are selected from the group consisting of advanced financial systems, basic financial systems, web site management systems, alliance management systems, brand management systems, customer relationship management systems, channel management systems, intellectual property management systems, process management systems, vendor management systems, operation management systems, sales management systems, human resource systems, accounts receivable systems, accounts payable systems, capital asset systems, inventory systems, invoicing systems, payroll systems, enterprise resource planning systems (ERP), material requirement planning systems (MRP), scheduling systems, quality control systems, purchasing systems, risk management systems, the Internet, external databases, and combinations thereof.
Specification