System and method for identifying and evaluating nanomaterial-related risk
First Claim
1. A system for determining a level of risk posed by a nanomaterial to an entity, the system comprising:
- a memory;
a computerized model stored on the memory; and
a processor configured to;
retrieve from memory data related to the nanomaterial, the retrieved data including data representative of the size, shape, stability, and tendency for aggregation of the nanomaterial;
calculate, using the computerized model, an insurance nanomaterial risk score that is indicative of the level of health and environmental risk posed by the nanomaterial to the entity based on the retrieved data, wherein the insurance nanomaterial risk score is calculated based at least in part on a quantitative representation of the health and environmental risks posed by the nanomaterial based on the size, shape, stability, and tendency for aggregation of the nanomaterial indicated by the retrieved data;
evaluate the insurability of the entity responsive at least in part to the calculated insurance nanomaterial risk score; and
output the results of the evaluation process as an insurance evaluation of the entity.
1 Assignment
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Accused Products
Abstract
A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score.
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Citations
39 Claims
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1. A system for determining a level of risk posed by a nanomaterial to an entity, the system comprising:
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a memory; a computerized model stored on the memory; and a processor configured to; retrieve from memory data related to the nanomaterial, the retrieved data including data representative of the size, shape, stability, and tendency for aggregation of the nanomaterial; calculate, using the computerized model, an insurance nanomaterial risk score that is indicative of the level of health and environmental risk posed by the nanomaterial to the entity based on the retrieved data, wherein the insurance nanomaterial risk score is calculated based at least in part on a quantitative representation of the health and environmental risks posed by the nanomaterial based on the size, shape, stability, and tendency for aggregation of the nanomaterial indicated by the retrieved data; evaluate the insurability of the entity responsive at least in part to the calculated insurance nanomaterial risk score; and output the results of the evaluation process as an insurance evaluation of the entity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A method for determining a level of risk posed by a nanomaterial to an entity, the method comprising:
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receiving data related to the nanomaterial, the received data including data representative of the size, shape, stability, and tendency for aggregation of the nanomaterial; storing the received data in a database in communication with a processor; accessing, by the processor, the stored data to calculate using a computerized model an insurance nanomaterial risk score that is indicative of the level of health and environmental risk posed by the nanomaterial, wherein the insurance nanomaterial risk score is calculated based at least in part on a quantitative representation of the health and environmental risks posed by the nanomaterial based on the size, shape, stability, and tendency for aggregation of the nanomaterial indicated by the received data; evaluating, by the processor, the insurability of the entity responsive at least in part to the calculated insurance nanomaterial risk score; and electronically outputting, by the processor, the results of the evaluating as an insurance evaluation of the entity. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A processor-readable medium encoded with machine-readable instructions for determining a level of risk posed by a nanomaterial to an entity, the machine-readable instructions comprising:
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retrieving data related to the nanomaterial, the retrieved data including data representative of the size, shape, stability, and tendency for aggregation of the nanomaterial; calculating, using a computerized model, an insurance nanomaterial risk score that is indicative of the level of health and environmental risk posed by the nanomaterial to the entity based on the retrieved data, wherein the insurance nanomaterial risk score is calculated based at least in part on a quantitative representation of the health and environmental risks posed by the nanomaterial based on the retrieved data; evaluating the insurability of the entity responsive at least in part to the calculated insurance nanomaterial risk score; and outputting the results of the evaluation process as an insurance evaluation of the entity. - View Dependent Claims (34, 35, 37, 38, 39)
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36. The processor-readable medium 35, wherein the values for the group of variables comprise a quantitative value assigned to a phase variable indicating the phase the nanomaterial is in when handled by the entity, wherein one value is assigned to the phase variable if the nanomaterial is handled by the entity in an unprocessed form, a second value is assigned to the phase variable if the nanomaterial is handled by the entity as an intermediate product, and a third value is assigned to the phase variable if the nanomaterial is handled by the entity as an end product.
Specification