User Interactive Reinsurance Risk Analysis Application

• US 20110153368A1
• Filed: 12/17/2009
• Published: 06/23/2011
• Est. Priority Date: 12/17/2009
• Status: Abandoned Application

• Current Assignee: Xtremegis Incorporated
• Original Assignee: Xtremegis Incorporated
• Inventors: Pierre, Lester S., Manimaran, Manimaran, Russo, Michael J., Chouman, Nader Ali, Khaykin, Alexander Olegovich, Masood, Asim
• Application Number:
  US12/641,128
• Publication Number:
  US 20110153368A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 10/067 Enterprise or organisation modelling
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A User Interactive Insurance Risk Analysis Application that is web-based which combines user imported insurance portfolios and geospatial technology with output from user defined actions and simulations providing an analysis tool for dynamic management of catastrophic exposures. The user may configure every aspect of the risk analysis application and use a variety of tools and features to create actions and receive risk information of all layers used for analysis. Precise risk information is given to the user due to the many services and modules which make up the risk analysis application, including a loss calculation service and dynamic, multi-dimensional configurable risk data display. The user receives estimated loss values and may configure which pieces of data analysis the user would like to see and how that data is presented without having to drilldown through all the data in the insurance portfolio.

Claims

1. A User Interactive Insurance Risk Analysis Application comprising

a. an end user device;

b. a web interface;

c. a means for cloud computing having various application tiers following an N-tier architecture;

d. a means for integration of portfolio data;

e. user interactive layers; and

f. user interactive virtual three-dimensional layers.

2. The User Interactive Insurance Risk Analysis Application according to claim 1, further comprising:

a. user interactive map tools;

b. user interactive and configurable administration and user settings;

c. user interactive and configurable data analytics for data analysis;

d. user interactive and configurable layers;

e. user interactive and configurable model simulations utilizing scientific principals and mathematical formulas for loss estimation and risk analysis of user created tropical cyclone, severe weather wind, tornado, earthquake, wildfire, volcano eruption, terrorism, fire following earthquake, flood, tsunami, ruptured dam, meteor, over pressure, air quality, nuclear radiation, hail, volcano ash, and landslide;

f. user interactive and configurable user dashboard for data display;

g. user interactive and configurable web based notifications;

h. user interactive and configurable application reports;

i. user interactive and configurable data input and data output; and

j. a means for user management of response to a real-time event.

3. The User Interactive Insurance Risk Analysis Application according to claim 2, further comprising a means for displaying features of map regions including terror targets, topographical features, hazards, distance to features, historical events, and demographic information on said interactive worldwide map.

4. The User Interactive Insurance Risk Analysis Application according to claim 3, further comprising a modular approach including a Map Tools Module for user manipulation of portfolio data on said user interactive worldwide map;

Administrator and User Settings Module for user configuration of the application for customizable use;

Data Analytics Module for presentation of data for events affecting the portfolio and data for user performed actions on layers;

Layers Module, Model Simulations Module, User Dashboard Module, Notifications Module, Reports Module, and Data Input and Output Module.

5. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said modular approach further comprises application common services and a graphical user interface including a Map Service, Layer Information Service, Feature Service, Query Service, Loss Calculation Service, Data Analytics Service, Template Service, and Data Input and Output Service.

6. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said Map Tools Module further comprises;

a. a Filter tool for user creation of ad-hoc queries of layers on single risk fields and combination risk fields;

b. an Information tool providing information for all layers;

c. a Risk Explorer tool providing satellite imagery of an area around a user selected risk including surrounding risks on said user interactive worldwide map;

d. an Underwriter tool providing management of data;

e. a Map Mark tool providing for locating and marking a desired location on layers;

f. a Wipe tool providing for removal of user created layers, marks and selections made during a session while retaining the layers and current zoom level;

g. a Reset tool providing for removal of all added active layers, spatial selections, simulations, map marks, searched locations, user filters and resetting the map view zoom level;

h. a Distance to Feature tool for defining an area on said user interactive worldwide map and summarizing underwriting information for user selected distance to feature;

i. a Grid tool providing analysis of exposure in arbitrary squares across said user interactive worldwide map and analysis for numeric data by a user configurable median;

j. a Selection tool for Selection simulations for performance of geographical filtration on said user interactive worldwide map to receive underwriting statistics for all risk locations on all layers within and outside of said geographical filter including user drawn Selections, user drawn Exclusion Selections, means for saving, recalling, modifying shape and location, and giving latitude and longitude coordinate and area measurements;

k. a Feature Selection tool for user selection of user and system configured features on said user interactive worldwide map;

l. Layer Catalog tool for user access to layers including a Preview Pane, Layer Details, Search, Site Library, User Library, Shared Library, Web Map Service subscriptions, Featured Lists and Saved Searches;

m. a Model Simulation tool for creation of events for the purpose of measuring exposure to an event and estimate loss potential from that event;

n. a Measurement tool for measuring distance between two or more points and viewing overall distance drawn and distance to each point on the path; and

o. an Exposure tool for viewing tables of user configurable data fields in a map view of said user interactive map as user navigates said interactive map and selects different areas and different zoom levels.

7. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said Administrative and User Settings Module further comprises:

a. a means for configuration of connection management, database settings, endpoint management and exception management in Application Level Settings;

b. a means for addition of system wide and external layers using a Layer Manager;

c. a means for configuration of application features, themes, feature filters, filter values, menu items, units of measure, and feature categories in Feature Settings;

d. a means for creation, deletion and modification of settings in a region in Regional Settings;

e. a means for creation, deletion and modification of Subscriptions to news and articles including Keyhole Markup Language, Geographic Really Simple Syndication, Common Alerting Protocol, Geography Markup Language, and Really Simple Syndication;

f. a means for addition, deletion, and management of created filters using a Filter Manager;

g. a means for determining user location and indicating first time load language;

h. a means for user authentication using a biometrics service;

i. a means for configuration of application provider type in Membership Provider; and

j. a means for writing of user action in said User Interface and application errors anywhere in said application in an Audit Service.

8. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said Data Analytics module comprises:

a. a means for user configuration presentation of data from the overlap of events affecting the portfolio and user performed actions in a multi-dimensional format;

b. a means for presentation of current value of risks on a new session and after user manipulation of said layers;

c. a means for user performance of analytics with the data self-populated and generated by said user interactive worldwide map and modules; and

d. a Report and Template Grid for exportation of data.

9. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising a Template feature providing a means for data presentation configuration and Template Manager User Interface, and setting of a default template for data analysis.

10. The User Interactive Insurance Risk Analysis Application according to claim 9, wherein said Template feature further comprises a Template Structure Page for the creation and editing of template structures.

11. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising an Exposure Template for configuration of data fields for the purpose of viewing data according to said Template Manager User Interface and user performance of operations within said data fields.

12. The User Interactive Insurance Risk Analysis Application according to claim 9, wherein said Template Manager User Interface provides configuration details for user requested layers.

13. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising a means for providing descriptions of coverage types for simulations and determination of default coverage in each simulation case and selection of available coverage using a Coverage Feature.

14. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising a Compare Data Between Analysis feature providing a display of underwriting statistics and data coverage of model simulations generated from application tools and features.

15. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising Summary feature providing a display of data for user simulation actions on said user interactive worldwide map.

16. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising a means for presentation of risk information for user created simulation actions performed on said user interactive map using a Details feature.

17. The User Interactive Insurance Risk Analysis Application according to claim 16, wherein said Details feature further comprises a means for presentation of data in tiers.

18. The User Interactive Insurance Risk Analysis Application according to claim 17, wherein said tiers are added, deleted, organized, categorized, and configured by the user using a field list.

19. The User Interactive Insurance Risk Analysis Application according to claim 18, wherein said data fields includes a means for selection and placement of a data field in a Header of said Details feature for the purpose of receiving data field information in a user selected placement.

20. The User Interactive Insurance Risk Analysis Application according to claim 19, wherein said Header data fields comprises sub-categories for further data configuration.

21. The User Interactive Insurance Risk Analysis Application according to claim 16, wherein said Details feature further comprises a Details View for the purpose of providing data pertaining to a selected cell in said Details feature.

22. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising a means for user analysis of layers in said Layer Catalog using user selected data.

23. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising Geographic Selection Analysis providing a means for user analysis of data generated by catastrophic events, dynamic hazard events, line of business and exposure, model simulations, and user manipulation of said user interactive worldwide map using various map tools.

24. The User Interactive Insurance Risk Analysis Application according to claim 23, wherein said Geographic Selection Analysis further comprises a formula builder for creation of formulas for data analysis.

25. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising Model Analysis providing a means for data generation for analysis of model simulations for the purpose of insurance claims generation.

26. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising a Filter feature providing a means for user filtration of data presentation for the current view and on said user interactive worldwide map.

27. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising Reinsurance Treaty Analysis providing a means for data presentation of the effect of a simulation on a reinsurance treaty, user selection of a Reinsurance Treaty, user creation of treaties, addition of reinsurers participating in treaties, and assignment of reinsurers to layers of a treaty.

28. The User Interactive Insurance Risk Analysis Application according to claim 27, wherein said Reinsurance Treaty Analysis further comprises a means for data analysis through the layers of a treaty for the amount of money which may be collected through reinsurance participants.

29. The User Interactive Insurance Risk Analysis Application according to claim 8, further comprising Session data, Private data, Public data, Settings, and Information categories for the purpose of user organization of Data Analytics sessions.

30. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said Layer module comprises:

a. a Layer Information Service;

b. a means for providing all information relating to all layers;

c. a Layer Catalog;

d. a means for downloading layers from user configured external services and internal user system;

e. a means for providing for exposures of said layers in said Data Analytics module;

f. layer weights for the purpose of display order on said user interactive map; and

g. a Field Name Configuration Service for configuring fields and field names by each layer.

31. The User Interactive Insurance Risk Analysis Application according to claim 30, wherein said Layer Catalog comprises:

a. a means for organizing said layers in groups providing a preview of a selected layer within said groups;

b. a real-time dynamic hazard event feed containing real-time event data based on user configurations; and

c. a means for sharing said Layer Catalog among users.

32. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said Models module comprises a means for user performance of simulations using a combination of historical data, random data, and user selected input variables.

33. The User Interactive Insurance Risk Analysis Application according to claim 32, wherein said simulations further comprises a means for user specification of the model, location of the model, magnitude and duration of the model and vulnerabilities of the affected properties.

34. The User Interactive Insurance Risk Analysis Application according to claim 32, further comprising a means for user drawing of a model path on said user interactive worldwide map following user manipulated distance, radius, size, and shape.

35. The User Interactive Insurance Risk Analysis Application according to claim 33, wherein said simulations and its affected areas and extent of damage and loss are shown on said user interactive worldwide map.

36. The User Interactive Insurance Risk Analysis Application according to claim 33, wherein user created simulations are saved and simulated on new locations and saved locations on said user interactive worldwide map.

37. The User Interactive Insurance Risk Analysis Application according to claim 33, wherein said Models module further comprises a means for user configurable notifications of dynamic hazards and weather information.

38. The User Interactive Insurance Risk Analysis Application according to claim 33, wherein said Models module further comprises a Loss Calculation Service.

39. The User Interactive Insurance Risk Analysis Application according to claim 38, wherein said Loss Calculation Service comprises a Loss Calculation Methodology, Loss Calculation Engine, Model Service, and Historical Loss Service.

40. The User Interactive Insurance Risk Analysis Application according to claim 39, wherein said Loss Calculation Methodology comprises Pre-Model Characteristics, Model Characteristics and Post-Model Characteristics.

41. The User Interactive Insurance Risk Analysis Application according to claim 40, wherein said Pre-Model Characteristics comprises the attributes of Construction Code, Year Built, Region, Elevation, Terrain, Federal Emergency Management Agency Flood Insurance Rate Maps, Catastrophe Risk Evaluating and Standardizing Target Accumulations, and Building Class.

42. The User Interactive Insurance Risk Analysis Application according to claim 40, wherein said Model Characteristics comprises the attributes of Intensity and Time Element.

43. The User Interactive Insurance Risk Analysis Application according to claim 40, wherein said Post-Model Characteristics comprises the attributes of Demand Surge, Socio-Economic Conditions, and User Defined Factors.

44. The User Interactive Insurance Risk Analysis Application according to claim 39, wherein said Loss Calculation Methodology further comprises a Damage Methodology providing probability of damage for structure type and construction code for given model and intensity.

45. The User Interactive Insurance Risk Analysis Application according to claim 39, wherein said Historical Loss Service calculates gross loss amount.

46. The User Interactive Insurance Risk Analysis Application according to claim 39, wherein said Loss Calculation Engine comprises a Model Inventory database, Hazard Inventory database, Inventory database, Financials database, and Environmental Variables Geographic Information Service database.

47. The User Interactive Insurance Risk Analysis Application according to claim 46, wherein said Loss Calculation Engine further comprises a means for calculating affected and overlapped risks for determining amount and type of loss to the portfolio.

48. The User Interactive Insurance Risk Analysis Application according to claim 47 wherein said means comprises formulas for each model based on the Model'"'"'s Characteristics and Loss Calculation Grid

49. The User Interactive Insurance Risk Analysis Application according to claim 47, wherein said Loss Calculation Engine further comprises processing approaches used to calculate loss including combinations of Monte Carlo processing, parallel computing, grid computing, and cloud computing.

50. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said User Dashboard module comprises:

a. a display of user'"'"'s settings, favorites and specific actions user has taken;

b. a Business Social networking feature for the purpose of social interaction and networking among multiple users;

c. a Before and After Major Catastrophe feature for the purpose of providing map snapshots of regions enduring a catastrophe;

d. an Events Near Searched Locations feature for the purpose of viewing and analyzing events near a location which is searched using external sources for the purpose of crawling external database news events;

e. a Customization of Web Parts feature;

f. an Internet Protocol Technology for Nearest Events feature for the purpose of searching a database of Internet Protocol locations and showing events which occurred in areas collected from external database news events;

g. an Application Alerts feature for the purpose of alerting user where a real-time event occurs;

h. a Gadgets feature for the purpose of downloading and installing gadgets onto the user interface; and

i. an Events Near Map Marked feature for the purpose of analyzing and viewing events near a location that is marked.

51. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said Notifications module comprises a means for alerting user of hazard event risk location damage based on user configurable criteria.

52. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said Reports module comprises a means for user configurable reports by a User Interface which builds new data queries, charts results graphically and numerically and drills down into data.

53. The User Interactive Insurance Risk Analysis Application according to claim 4, wherein said Data Input and Output module comprises:

a. a means for importing new data and changing of data within the portfolio;

b. an Underwriting on the Fly feature for the purpose of adding new policies and modifying information about policies; and

c. a means for following the Association for Comparative Operations Research and Development standards for submission of portfolio data.

54. A User Interactive Insurance Risk Analysis Application comprising a method for rendering map images;

a method for providing layer information;

a method for populating Layer Catalog lists;

a method for creating, deleting and editing simulations;

a method for obtaining a configured feature;

a method for recalling a saved simulation;

a method for risk data processing;

a method for loss calculation, and a method for data input and output.

55. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for rendering map images comprises:

a. logging into a browser by user;

b. creating Map Tile requests by the browser;

c. sending created Map Tile requests from the browser to a Map Tile Manager;

d. sending the map for each Map Tile from said Map Tile Manager to a Map Grid Controller;

e. dividing map requests into sub-requests by said Map Grid Controller;

f. preparing concurrent multi-threaded map requests by said Map Grid Controller;

g. sending said sub-requests to different Map Grid Nodes;

h. receiving map images from said Map Grid Nodes by said Map Grid Controller;

i. combining all map images by said Map Grid Controller;

j. sending the map image to said Map Tile Manager; and

k. displaying the map image.

56. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for providing layer information comprises

a. selecting an application tool;

b. requesting information about each loaded layer from the Layer Information Service;

c. performing a spatial query against each loaded layer to return data for the elements that have been configured for display; and

d. returning information for display to the application tool.

57. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for populating Layer Catalog lists comprises

a. selecting of Layer Catalog tool;

b. requesting from the Layer Information Service the desired list data;

c. querying of the data store by said Layer Information Service; and

d. returning of the requested information for display.

58. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for creating, deleting, and editing simulations comprises

a. creating a simulation on a user interactive worldwide map;

b. saving said simulation;

c. generating a Transaction request by the Feature Service client;

d. sending said Transaction Request to the Feature Service;

e. creating a corresponding simulation record for said Transaction Request;

f. processing each feature in said simulation by the Feature Service;

g. creating geometry from each feature in said Transaction Request with its corresponding user or system feature description

h. inserting and deleting of said features into proper database tables; and

i. returning a notification response by the Feature Service, including the corresponding simulation'"'"'s feature collection and their description.

59. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for obtaining a feature comprises

a. selecting a location on a user interactive worldwide map;

b. generating a Get Feature Request;

c. sending said Get Feature Request to the Feature Service;

d. processing a filter object associated with said Get Feature Request;

e. applying said filter object to the proper layer for retrieval of corresponding features with the user configured or system configured information; and

f. returning a resulting feature collection response by the Feature Service.

60. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for recalling a saved simulation comprises

a. loading a saved simulation;

b. calling a Feature Service with the corresponding Simulation type;

c. fetching all underlying features from multiple tables in the database with corresponding input parameters and sub feature parameters; and

d. returning a feature collection response by the Feature Service.

61. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for risk data processing comprises

a. retrieving of relevant Analysis layer and Simulation information by a Query Service'"'"'s Query Service Grid Controller;

b. fetching of feature geometries associated with the simulation by said Query Service Grid Controller;

c. breaking down spatially said feature geometries based on its configured geographic grid;

d. assigning each shape to a cell in said geographic grid;

e. calling all applicable grid nodes to fetch overlapped analysis layer feature references in that cell;

f. returning a list of overlapped feature references with the simulation shapes in that region;

g. combining all results by said Query Service Grid Controller;

h. checking of the default template of the layer being analyzed; and

i. preparing of proper risk statistics data corresponding to the overlapped features by said Query Service Grid Controller.

62. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for loss calculation comprises

a. performing Spatial Analysis on a Geographical Grid, Historical Events, and Reported Losses to find models, intensity of models, and loss by model'"'"'s intensity in a Geographical Cell;

b. saving said Spatial Analysis;

c. overlapping risks and said Geographical Grid by a Query Service;

d. finding which risks belong to which Geographical Grid Cell;

e. saving overlapped risk data by a Feature Service and said Query Service;

f. calculating loss for said overlapped risk data;

g. solving an Estimated Loss Formula to determine Estimated Loss for a Model Simulation Footprint and a Model Simulation Input;

h. applying Post-Model factors to said Estimated Loss;

i. updating loss values; and

j. saving loss values.

63. The User Interactive Insurance Risk Analysis Application according to claim 54, wherein said method for data input and output comprises

a. parsing and analyzing data message by the Message Processing Engine to determine necessary attributes that are required for further processing;

b. transforming the inbound message into a system format by said Message Processing Engine in accordance with the retrieved attributes;

c. calling the Data Access Module by said Message Processing Engine;

d. retrieving a request by said Data Access Module from said Message Processing Engine;

e. performing required database modifications;

f. returning results to said Message Processing Engine;

g. retrieving result message by said Message Processing Engine from said Data Access Module; and

h. converting the message in accordance with the inbound message format and export format.