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SYSTEM AND METHOD FOR FORECASTING FREQUENCIES ASSOCIATED TO FUTURE LOSS AND FOR RELATED AUTOMATED OPERATION OF LOSS RESOLVING UNITS

  • US 20120143633A1
  • Filed: 12/02/2011
  • Published: 06/07/2012
  • Est. Priority Date: 12/03/2010
  • Status: Active Grant
First Claim
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1. A method for forecasting frequencies associated to future loss and loss distributions for individual risks of a plurality of operating units (30) with at least one measurable liability exposure (31) by means of independently operated liability risk drivers (311-313), and for related automated operation of a loss resolving unit (40) by means of a control unit controller (10), whereas in case of an occurring loss at a loss unit (20, . . . , 26) measure parameters are measured and transmitted to the control unit controller (10) and dynamically assigned to the liability risk drivers (311-313) and whereas the operation of the loss resolving unit (40) is automated tuned by means of the control unit controller (10) resolving the occurred loss by means of the loss resolving unit (40), characterizedin that measuring devices (201, . . . , 261) assigned to the loss units (20, . . . , 26) dynamically scan for measure parameters and measurable measure parameters capturing a process dynamic and/or static characteristic of at least one liability risk driver (311-313) are selected by means of the control unit controller (10),in that a set (16) of liability risk drivers (311-313) is selected by means of a driver selector (15) of the control unit controller (10) parameterizing the liability exposure (31) of the operating unit (30), whereas a liability exposure signal of the operating unit (30) is generated by means of the control unit controller (10) based upon measuring the selected measure parameters by means of the measuring devices (201, . . . , 261), andin that the driver selector (15) adapts dynamically the set (16) of liability risk drivers (311-313) varying the liability risk drivers (311-313) in relation to the measured liability exposure signal by periodic time response, and the liability risk driven interaction between the loss resolving unit (40) and the operating unit (30) is adjusted based upon the adapted liability exposure signal.

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