Insurance for service level agreements in e-utilities and other e-service environments
First Claim
1. A method of indemnifying an insurance purchaser by an insurance provider against a loss resulting from at least one specified event, the insurance purchaser and insurance provider being coupled to a communication network, the method comprising:
- receiving an insurance premium from the insurance purchaser;
monitoring at least one risk metric via the communication network, the risk metric indicating a likelihood that the specified event will occur; and
adjusting the insurance premium according to changes in the at least one risk metric.
1 Assignment
0 Petitions
Accused Products
Abstract
A method and system for indemnifying an insurance purchaser by an insurance provider against losses resulting from specified events. In one embodiment, the specified events include quality of service penalties of a service level agreement between a service provider and service purchaser. The invention may include at least one risk metric monitored via a communication network, such that a premium payable to the insurer by the insurance purchaser is dependent on the risk metric. In a particular configuration of the invention, the risk metric is monitored in real-time or near real-time.
127 Citations
19 Claims
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1. A method of indemnifying an insurance purchaser by an insurance provider against a loss resulting from at least one specified event, the insurance purchaser and insurance provider being coupled to a communication network, the method comprising:
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receiving an insurance premium from the insurance purchaser;
monitoring at least one risk metric via the communication network, the risk metric indicating a likelihood that the specified event will occur; and
adjusting the insurance premium according to changes in the at least one risk metric. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method for indemnifying against quality of service penalties of a service level agreement between a service provider and service purchaser, the method comprising:
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receiving an insurance premium from the service provider; and
providing insurance to the service provider against the quality of service penalties. - View Dependent Claims (8, 9, 10, 11, 12)
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13. An insurance system for indemnifying a service provider against quality of service penalties of a service level agreement between the service provider and a service purchaser, the insurance system comprising:
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an insurance policy provided by an insurer against the quality of service penalties;
a premium payable to the insurer by the service provider; and
compensation by the insurer to the service provider for quality of service penalties occurring within terms of the insurance policy. - View Dependent Claims (14, 15)
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16. A system for indemnifying an insurance purchaser against loss, the system comprising:
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an insurance policy provided by an insurer against the loss;
at least one risk metric monitored via a communication network, the risk metric indicating a likelihood that the loss will occur; and
a premium payable to the insurer by the insurance purchaser, wherein the premium is dependent on the at least one risk metric. - View Dependent Claims (17, 18, 19)
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Specification