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 one or more 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 an organization that physically exists 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 organization and based on the one or more scenarios; and
outputting the estimated model outcome distribution where the model of the organization is developed by learning from the financial data using an intelligent variable group modeling method and where the model of the organization comprises at least one predictive model for each of one or more components of value.
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Accused Products
Abstract
An automated method, computer program product and system for using artificial intelligence based cognitive learning methods to identify, measure and manage risks for a commercial enterprise on a continual basis. The elements of value, external factors, components of value and categories of value of the enterprise are analyzed and modeled using predictive models that are developed by learning from the data associated with said enterprise. Scenarios of both normal and extreme situations are also developed by learning from the data. The scenarios are then used to drive simulations of the predictive models. The output from these simulations are then used to measure a plurality of risks and complete optimization analyzes that identify the optimal mix of risk reduction activities for the enterprise. The optimal mix of risk reduction activities is then presented to the user for optional editing, rejection or acceptance.
233 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 one or more 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 an organization that physically exists 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 organization and based on the one or more scenarios; and outputting the estimated model outcome distribution where the model of the organization is developed by learning from the financial data using an intelligent variable group modeling method and where the model of the organization comprises at least one predictive model for each of one or more components of value. - 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 one or more 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 an organization that physically exists defined at least in part by the set of variables; process, 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 organization and based on the one or more scenarios; and output the estimated model outcome distribution where the model of the organization is developed by learning from the financial data using an intelligent variable group modeling method and where the model of the organization comprises at least one predictive model for each of one or more components of value. - 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 one or more 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 the computer processors associated with the storage device with a model of an organization that physically exists defined at least in part by the set of variables; process, 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 organization and based on the one or more scenarios; and output the estimated model outcome distribution where the model of the organization is developed by learning from the financial data using an intelligent variable group modeling method and where the model of the organization comprises at least one predictive model for each of one or more components of value. - View Dependent Claims (16, 17, 18, 19, 20)
Specification