Automated risk transfer system
First Claim
1. A computer-implemented method for performing an analysis of financial data, comprising the steps of:
- storing, in a computer readable memory, financial data related to a population of financial data records and segmented into a number of categories, wherein the categories are mutually exclusive and collectively exhaustive of the financial data, and scenario data for a set of scenarios, wherein each of the scenarios is defined at least in part by a set of variables, and wherein the scenario data for each of the scenarios comprise at least some parameter values for the set of variables;
providing a computer processor associated with the computer readable memory with a model of a system defined at least in part by the set of variables;
processing, with the computer processor, the financial data and the scenario data using the model to obtain an estimated model outcome distribution comprising a distribution of estimated model outcomes relating to the system and based on the set of scenarios; and
outputting the estimated model outcome distribution.
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Accused Products
Abstract
In computer-implemented methods, systems and program products for estimating financial modeling outcomes, financial data are segmented into a number of categories and scenario data for a set of model scenarios are processed to obtain an estimated model outcome distribution. The categories are mutually exclusive and collectively exhaustive of the financial data while the model may be developed by learning from the data. Multiple model tests are performed with samples of the financial data until a cumulative model outcome distribution is within a pre-determined acceptable tolerance limit from a distribution of fully assessed model outcomes obtainable by performing a single test of the scenarios using all of the financial data.
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Citations
20 Claims
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1. A computer-implemented method for performing an analysis of financial data, comprising the steps of:
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storing, in a computer readable memory, financial data related to a population of financial data records and segmented into a number of categories, wherein the categories are mutually exclusive and collectively exhaustive of the financial data, and scenario data for a set of scenarios, wherein each of the scenarios is defined at least in part by a set of variables, and wherein the scenario data for each of the scenarios comprise at least some parameter values for the set of variables; providing a computer processor associated with the computer readable memory with a model of a system defined at least in part by the set of variables; processing, with the computer processor, the financial data and the scenario data using the model to obtain an estimated model outcome distribution comprising a distribution of estimated model outcomes relating to the system and based on the set of scenarios; and outputting the estimated model outcome distribution. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A non-transitory computer program product tangibly embodied on a computer readable medium and comprising a program code for directing at least one computer to perform an automated risk management method, comprising:
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store, in a computer readable memory, financial data related to a population of financial data records and segmented into a number of categories, wherein the categories are mutually exclusive and collectively exhaustive of the financial data, and scenario data for a set of scenarios, wherein each of the scenarios is defined at least in part by a set of variables, and wherein the scenario data for each of the scenarios comprise at least some parameter values for the set of variables; provide a computer processor associated with the computer readable memory with a model of a system defined at least in part by the set of variables; process the financial data and the scenario data using the model to obtain an estimated model outcome distribution comprising a distribution of estimated model outcomes relating to the system and based on the set of scenarios where the model is developed by learning from the financial data; and output the estimated model outcome distribution. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. An automated risk management system, comprising:
a computer with at least one processor having circuitry to execute instructions;
a storage device available to each of said processors with sequences of instructions stored therein, which when executed cause at least one of the processors to;store, in a computer readable memory, financial data related to a population of financial data records and segmented into a number of categories, wherein the categories are mutually exclusive and collectively exhaustive of the financial data, and scenario data for a set of scenarios, wherein each of the scenarios is defined at least in part by a set of variables, and wherein the scenario data for each of the scenarios comprise at least some parameter values for the set of variables; provide a computer processor associated with the computer readable memory with a model of a tangible system defined at least in part by the set of variables; process the financial data and the scenario data using the model to obtain an estimated model outcome distribution comprising a distribution of estimated model outcomes relating to the tangible system and based on the set of scenarios where the model is developed by learning from the financial data; and output the estimated model outcome distribution. - View Dependent Claims (16, 17, 18, 19, 20)
Specification