TRANSFERRING INSURANCE POLICIES

• US 20120278112A1
• Filed: 07/03/2012
• Published: 11/01/2012
• Est. Priority Date: 05/09/2008
• Status: Active Grant

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Hersch, Stuart
• Granted Patent: US 8,457,994 B2
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A server may receive from a trading system information on an insurance policy, in which the information may include privacy related information. The server may compare the privacy related information to at least one predefined characteristic and determine that there is a match between the privacy related information and the characteristic. Based at least in part on there being a match, the server may filter-out the insurance policy such that the information on the insurance policy is not provided to a workstation in use by a participant. Alternatively, the server may determine that there is not a match between the privacy related information and the characteristic and provide the information, minus the privacy related information, to the workstation.

Claims

1. An apparatus comprising at least one computing device having instructions associated therewith that when executed by the at least one computing device make the at least one computing device operable to:

receive from a participant a request to obtain information on insurance policies that match at least one criteria;

forward the request to a server;

receive from the server information on at least one insurance policy that matched the at least one criteria, in which the information on the at least one insurance policy includes;

first information, and

second information;

compare the second information on the at least one insurance policy to at least one predefined characteristic;

determine that there is a match between the second information and the at least one predefined characteristic;

based at least in part on determining that there is the match between the second information and the at least one predefined characteristic, filter-out the at least one insurance policy such that the information on the at least one insurance policy is not provided to the participant;

determine that there is not a match between the second information and the at least one predefined characteristic; and

based at least in part on determining that there is not the match between the second information and the at least one predefined characteristic, provide the first information but not the second information on the at least one insurance policy to the participant.

2. The apparatus of claim 1, in which the request comprises a search request to obtain, from a plurality of insurance policies, information on those insurance policies that match the at least one criteria.

3. The apparatus of claim 1, in which the request and the at least one criteria comprise a request to obtain, from a plurality of insurance policies, information on those insurance policies for which bids to purchase the policies may be made by the participant.

4. The apparatus of claim 1,

in which the at least one criteria comprises a specified insurance policy;

and

in which the request comprise a request to obtain, from a plurality of insurance policies, information on insurance policies that are related to the specified insurance policy.

5. The apparatus of claim 1, in which the at least one predefined characteristic is specified by the participant.

6. The apparatus of claim 5, in which the instructions, that when executed by the at least one computing device make the at least one computing device further operable to obtain the at least one predefined characteristic from a database.

7. The apparatus of claim 1, in the server comprises a system for auctioning insurance policies.

8. The apparatus of claim 1, in which the request comprises the at least one predefined characteristic.

9. The apparatus of claim 8, in which to forward the request to the server comprises to forward the request to the server without forwarding the at least one predefined characteristic to the server.

10. The apparatus of claim 1,

in which the at least one predefined characteristic comprises an identity of a possible insured;

and

in which to determine that there is the match between the second information and the at least one predefined characteristic comprises to determine that an insured of the at least one insurance policy matches the identity of the possible insured.

11. The apparatus of claim 1,

in which the at least one predefined characteristic comprises an identity of a possible owner of insurance policies;

and

in which to determine that there is a match between the second information and the at least one predefined characteristic comprises to determine that an owner of the at least one insurance policy matches the identity of the possible owner of insurance policies.

12. The apparatus of claim 1,

in which the at least one predefined characteristic comprises an identity of an individual;

and

in which to determine that there is a match between the second information and the at least one predefined characteristic comprises to determine that an insured of the at least one insurance policy is related to the individual.

13. The apparatus of claim 1,

in which the first information comprises information accessible to the participant even though the participant may not own the at least one insurance policy;

and

in which the second information comprises information not accessible to the participant unless the participant owns the at least one insurance policy.

14. The apparatus of claim 13, in which the second information comprises an identity of at least one insured of the at least one insurance policy.

15. The apparatus of claim 13, in which the second information comprises an identity of at least one owner of the at least one insurance policy.

16. The apparatus of claim 1, in which different entities own the server and the at least one computing device.

17. An apparatus comprising at least one computing device having instructions associated therewith that when executed by the at least one computing device make the at least one computing device operable to:

receive from a server information on at least one insurance policy, in which the information on the at least one insurance policy includes;

first information, and

second information;

compare the second information on the at least one insurance policy to at least one predefined characteristic;

determine that there is a match between the second information and the at least one predefined characteristic;

based at least in part on determining that there is the match between the second information and the at least one predefined characteristic, filter-out the at least one insurance policy such that the information on the at least one insurance policy is not communicated to a workstation in use by a participant;

determine that there is not a match between the second information and the at least one predefined characteristic; and

based at least in part on determining that there is not the match between the second information and the at least one predefined characteristic, communicate the first information but not the second information on the at least one insurance policy to the workstation.

18. The apparatus of claim 17,

in which the at least one predefined characteristic comprises an identity of a possible insured;

and

in which to determine that there is the match between the second information and the at least one predefined characteristic comprises to determine that an insured of the at least one insurance policy matches the identity of the possible insured.

19. The apparatus of claim 17,

in which the first information comprises information accessible to the participant even though the participant may not own the at least one insurance policy;

and

in which the second information comprises information not accessible to the participant unless the participant owns the at least one insurance policy.

20. The apparatus of claim 17,

in the server comprises a system for auctioning insurance policies;

and

in which different entities own the server and the at least one computing device.

21. A method comprising:

receiving from a participant a request to obtain information on insurance policies that match at least one criteria;

forwarding the request to a server;

receiving from the server information on at least one insurance policy that matched the at least one criteria, in which the information on the at least one insurance policy includes;

first information, and

second information;

comparing the second information on the at least one insurance policy to at least one predefined characteristic;

determining that there is a match between the second information and the at least one predefined characteristic; and

based at least in part on determining that there is the match between the second information and the at least one predefined characteristic, filtering-out the at least one insurance policy such that the information on the at least one insurance policy is not provided to the participant.

22. The method of claim 21,

in which the at least one predefined characteristic comprises an identity a possible insured;

and

in which determining that there is the match between the second information and the at least one predefined characteristic comprises determining that an insured of the at least one insurance policy matches the identity of the possible insured.