Computer-based transaction system and computer implemented method for transacting services between a service provider and a client

• US 20050192881A1
• Filed: 02/03/2005
• Published: 09/01/2005
• Est. Priority Date: 02/03/2004
• Status: Abandoned Application

• Current Assignee: Swiss Reinsurance Company
• Original Assignee: Swiss Reinsurance Company
• Inventors: Scannell, John Derek
• Application Number:
  US11/048,764
• Publication Number:
  US 20050192881A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 10/02 Reservations, e.g. for tickets, services or events
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A computer-based transaction system operated by a service provider includes a stored set of business rules for defining a treaty, a stored set of treaty clauses, and a stored set of service-specific rules. The transaction system is configured to receive and store business-initiating data from a client via a telecommunications network. The transaction system generates automatically a treaty document by applying the business rules to the business-initiating data to select the treaty clauses forming the treaty document. Furthermore, the transaction system selects automatically service-specific rules related to the treaty clauses forming the treaty document. A message management module is configured to map automatically electronic messages received from the client into a data format, defined by the service provider, based on metadata, defined by the selected service-specific rules.

Claims

1. A computer-based transaction system operated by a service provider, the system comprising:

a stored set of business rules for defining a treaty;

a stored set of treaty clauses;

a stored set of service-specific rules;

a communication module that receives business-initiating data via a telecommunications network from a client;

a treaty module that generates a treaty document by applying the business rules to the business-initiating data to select treaty clauses forming the treaty document;

a rule selection module that selects automatically from the service-specific rules selected service-specific rules related to the treaty clauses forming the treaty document; and

at least one service module configured to transact services between the service provider and the client using the selected service-specific rules.

2. The system of claim 1, the service-specific rules defining metadata for an electronic message transfer from the client to the service provider, and the at least one service module being configured to process electronic messages received from the client using the metadata defined by the selected service-specific rules.

3. The system of claim 1, the at least one service module being configured to map automatically electronic messages received from the client into a data format defined by the service provider and based on metadata defined by the selected service-specific rules.

4. The system of claim 1, the service-specific rules including rules of engagement between the client and the service provider, and the at least one service module being configured to check that electronic messages are received from the client at times and frequencies defined by the rules of engagement included in the selected service-specific rules.

5. The system of claim 1, the system including different service modules configured to transact different services between the service provider and the client, the rule selection module being configured to select different sets of selected service-specific rules for the different service modules, and the system further comprising an invocation module that applies the different sets of selected service-specific rules to the respective service modules.

6. The system of claim 1, the rule selection module being configured to store the selected service-specific rules assigned to at least one of the treaty document and the client, and the at least one service module being configured to transact services between the service provider and the client using the selected service-specific rules assigned to the at least one of the treaty document and the client.

7. The system of claim 1, the rule selection module being configured to store the selected service-specific rules assigned to at least one of the treaty document and the client, the at least one service module being configured to associate an electronic message received from the client with the at least one of the treaty document and the client, and the at least one service module being configured to process the electronic message using the selected service-specific rules assigned to the at least one of the treaty document and the client associated with the electronic message.

8. The system of claim 1, the treaty document including performance measures, and the system further comprising means for determining performance and profitability of services governed by the treaty document by assessing service-specific data related to the services governed by the treaty document against the performance measures.

9. The system of claim 1, the business-initiating data relating to a tender from the client to the service provider for reinsurance, and the system further comprising:

a stored set of business rules defining data requirements;

means for checking completeness of the business-initiating data based on the data requirements, before generating automatically a quote for the tender;

means for receiving from the client an acceptance of the quote, the treaty module being configured to generate the treaty document in response to the acceptance of the quote, and the treaty document including contractual clauses of a reinsurance agreement; and

means for receiving from the client an acceptance of the treaty document, the rule selection module being configured to select the service-specific rules in response to the acceptance of the treaty document, and the services transacted by the at least one service module between the service provider and the client including reinsurance services.

10. A computer-implemented method for transacting services between a service provider and a client, the method comprising:

storing in a computer system a set of business rules for defining a treaty;

storing in the computer system a set of treaty clauses;

storing in the computer system a set of service-specific rules;

receiving in the computer system business-initiating data from the client via a telecommunications network;

generating by the computer system a treaty document by applying the business rules to the business-initiating data to select treaty clauses forming the treaty document;

selecting automatically by the computer system from the service-specific rules selected service-specific rules related to the treaty clauses forming the treaty document; and

transacting by the computer system the services between the service provider and the client using the selected service-specific rules.

11. The method of claim 10, the transacting of the services between the service provider and the client including processing electronic messages received from the client using metadata defined by the selected service-specific rules.

12. The method of claim 10, the transacting of the services between the service provider and the client including automatically mapping electronic messages received from the client into a data format defined by the service provider and based on metadata defined by the selected service-specific rules.

13. The method of claim 10, further comprising checking by the computer system that electronic messages are received from the client at times and frequencies defined by rules of engagement defined by the selected service-specific rules.

14. The method of claim 10, further comprising:

storing by the computer system the selected service-specific rules assigned to at least one of the treaty document and the client; and

associating an electronic message received from the client with the at least one of the treaty document and the client,

the transacting of the services between the service provider and the client including processing the electronic message using the selected service-specific rules assigned to the at least one of the treaty document and the client associated with the electronic message.

15. A computer program product comprising computer program code controlling one or more processors of a computer system operated by a service provider, such that the computer system:

stores a set of business rules for defining a treaty;

stores a set of treaty clauses;

stores a set of service-specific rules;

receives business-initiating data from a client via a telecommunications network;

generates a treaty document by applying the business rules to the business-initiating data to select treaty clauses forming the treaty document;

selects automatically from the service-specific rules selected service-specific rules related to the treaty clauses forming the treaty document; and

transacts services between the service provider and the client using the selected service-specific rules.

16. The computer program product of claim 15, the computer system processing electronic messages received from the client using metadata defined by the selected service-specific rules.

17. The computer program product of claim 15, the computer system mapping automatically electronic messages received from the client into a data format defined by the service provider and based on metadata defined by the selected service-specific rules.

18. The computer program product of claim 15, the computer system checking that electronic messages are received from the client at times and frequencies defined by rules of engagement defined by the selected service-specific rules.

19. The computer program product of claim 15, the computer system storing the selected service-specific rules assigned to at least one of the treaty document and the client, associating an electronic message received from the client with the at least one of the treaty document and the client, and processing the electronic message using the selected service-specific rules assigned to the at least one of the treaty document and the client associated with the electronic message.

20. A method for transacting services between a service provider and a client, the method comprising:

receiving business-initiating data from a client via a computer network;

applying treaty-defining business rules to the business-initiating data to select applicable treaty clauses;

determining service-specific rules related to the applicable treaty clauses;

selecting from the service-specific rules selected service-specific rules related to the applicable treaty clauses; and

transacting, using a computer, services between the service provider and the client according to the selected service-specific rules.

21. The method of claim 20, further comprising assembling the applicable treaty clauses into a treaty document between the service provider and the client.

22. The method of claim 20, the transacting of the services including processing electronic messages received from the client using metadata defined by the selected service-specific rules.

23. The method of claim 20, the transacting of the services including automatically mapping electronic messages received from the client into a data format defined by the service provider and based on the metadata defined by the selected service-specific rules.

24. The method of claim 20, further comprising checking that electronic messages are received from the client at times and frequencies defined by rules of engagement defined by the selected service-specific rules.

25. The method of claim 20, further comprising:

associating rules of the selected service-specific rules with a treaty;

receiving an electronic message associated with the treaty; and

processing the electronic message using the selected service-specific rules associated with the treaty.

26. The method of claim 20, the business-initiating data relating to a tender from the client to the service provider for reinsurance.

27. The method of claim 26, the method further comprising:

storing a set of business rules defining data requirements;

checking completeness of the business-initiating data based on the data requirements, before generating automatically a quote for the tender;

receiving from the client an acceptance of the quote;

assembling the treaty clauses into a treaty document in response to the acceptance of the quote, the treaty document including contractual clauses of a reinsurance agreement;

receiving from the client an acceptance of the treaty document; and

selecting the selected service-specific rules in response to the acceptance of the treaty document,

the services transacted by the at least one service module between the service provider and the client including reinsurance services.