Zürich, Switzerland
Zürich, Switzerland

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A system and a method, the method including assigning a payment parameter to each variable risk transfer segment of a top-down table and accumulating payment parameters to a total payment sum, capturing payment transfer parameters from a first payment-transfer device to a second payment-transfer device, and when the total payment sum at the second payment-transfer device has been triggered, transferring the risk exposure of a first insurance system associated with the variable risk transfer segments of the top-down table to a second insurance system.


A system based on layered, two-tier double cryptographic keys providing a closed cryptosystem within a secured network environment, the system including a digital key management device and a network node. The digital key management device generates a first-tier cryptographic key, a second-tier cryptographic key and makes the first-tier and second-tier cryptographic keys publicly accessible within a first and a second secured walled regions that are accessible to a network node registered to a first authentication database associated with an access server of the system, encrypts a first and second content with the first-tier and second-tier cryptographic keys, and generates encrypted first and second content. The network node requests access to the first secured walled region, accesses the first-tier and the second-tier cryptographic keys, decrypts the first and second content, generates first and second data containers based on the decrypted content, and transfers the data containers to a client device.


Proposed are a system (1) and a method for an event-triggered switching device (11) envisioned for the complementary switching of two coupled insurance systems by providing self-sufficient risk protection of a variable number of risk exposure components (21, 22, 23) by means of two resource-pooling systems (10, 12) associated with the insurance systems, and wherein data structures (711, 712, 713) for storing a plurality of variable risk transfer segments (721, 722, 723) are provided by means of a segmentation table (7) of the switching device (11), and wherein an adaptable risk transfer function (73) is generated based on the structure (74) of the plurality of variable risk transfer segments (721, 722, 723). A payment parameter (731, 732, 733) is assigned to each variable risk transfer segment (721, 722, 723) of the segmentation table (7),and, upon triggering the total payment sum of the payment parameters (73, 732, 733) at the second payment-transfer module (42), the risk exposure of the first insurance system (10) associated with the variable risk transfer segments (721, 722, 723) of the top- down table (7) is transferred to the second insurance system (12). When the occurrence of a risk event is detected by means of event-driven triggers (31, 32) in the data flow pathway (213, 223, 233) of measuring devices (215, 225, 235), the corresponding variable risk segment (721, 722, 723) is determined within the segmentation table (7) and an activation signal is generated based on the corresponding risk transfer function (73), wherein the complementary activation of the first and second resource-pooling systems (10, 12) is triggered by means of the generated activation signal, and risk protection for the risk exposure components (21, 22, 23) is provided based on the transferred activation signal by means of the first and/or second resource pooling system (10, 12).


Proposed are a system and a method for the automated measurement, accumulation and monitoring of diverging cyber risks, wherein risk components (21, 22, 23,...) are exposed by electronic means (213, 223, 233) of the risk components (21, 22, 23,...) to a plurality of cyber risks (51, 52, 53, 54). An accumulation device (5) is used for the segmentation of the total cyber risk (50) of a risk component (21, 22, 23,...) by means of parametrizable risk exposure segments, and wherein, in a searchable trigger table (7), retrievably stored segmentation parameters (721, 722, 723, 724) are associated with corresponding measuring parameters (71 1, 712, 713, 714) for capturing the risk exposure of a specific risk exposure segment. The system comprises a trigger module (3) that is connected to the risk components (21, 22, 23,...) by means of capturing devices (31, 32, 33) in order to dynamically detect and capture measuring values for the measuring parameters (71 1, 712, 713, 714) related to the occurrence of cyber risk events within the data pathway of said electronic means (213, 223, 233). By means of the accumulation device (5), the total risk (50) is accumulated, segmentation by segmentation, by sequentially selecting the segmentation parameters (721, 722, 723, 724) from the trigger table (7) and retrieving the associated measuring parameters (71 1, 712, 713, 714) for each of the segmentation parameters (721, 722, 723, 724), and then triggering the trigger module (3) based on the retrieved measuring parameters to capture measuring values for the retrieved measuring parameters (71 1, 712, 713, 714) from the risk components (21, 22, 23,...) by means of the capturing devices (31, 32, 33).


Proposed are a parametric, event-driven critical illness insurance system based on a resource-pooling system (1) and method for risk sharing of critical illness risks associated with elderly persons by providing a dynamic self-sufficient risk protection for a variable number of risk exposure components (21, 22, 23) by means of the resource-pooling system (1). The resource-pooling system (1) comprises an assembly module (5) to process risk-related component data (211,221,231) and to provide the likelihood (212, 222, 232) of said risk exposure for one or a plurality of the pooled risk exposure components (21, 22, 23, . . . ) based on the risk-related component data (211, 221, 231). The risk exposure components (21,22,23) are connected to the resource-pooling system (1) for the pooling of their risks and resources, and wherein the resource-pooling system (1) comprises an multiple event-driven core-engine (3) with critical illness triggers (31, 32, 33) triggering in a patient dataflow pathway (213,223,233) to provide risk protection for a specific risk exposure component (21,22,23) for the occurrence of acute and/or chronic critical illnesses, as e.g. dementia and/or heart attack. The operation of the resource pooling system (1) is further supported by a parametric multi-trigger stage risk-cover.


Patent
Swiss Reinsurance Company | Date: 2014-03-14

A system and method for evaluating an insurable risk and providing an immediate, binding insurance offer to cover that risk, includes the collection of self-reported and objective information relating to the risk. The information is provided to an automated underwriting program that evaluates and rates the insurable risk and produces a binding insurance quote. Certain embodiments of the system and method utilize an automated application form and information gathering apparatus to collect the self-reported information. Objective information is obtained by a variety of means, including the direct measurement of certain physical and medical parameters. Certain embodiments may provide for the collection of information relating to payment for the insurance product, and the obtaining of an electronic signature from an applicant.


Patent
SWISS REINSURANCE Co. | Date: 2014-06-02

The invention relates to an automated risk monitoring method and a corresponding risk monitoring system for automated risk monitoring, in the case of which control data for different companies are transferred to a monitoring unit and evaluated, a company specific asset distribution and a corresponding threshold value being determined, said threshold value corresponding to the expected value of the asset parameter for the occurrence of the insolvency of a company, recovery rate factors being determined by means of a standardization module of the monitoring unit, and wherein, using a MonteCarlo module of the monitoring unit (20), MonteCarlo asset parameters are generated for each company by means of which the companies with the lowest expected recovery rate factors are determined and dynamic adjustment of the portfolio accordingly made by means of the monitoring unit.


A system for providing a dynamically morphing, self-sufficient risk protection structure, the system including: risk exposure components that are connected to a first insurance system of the system and that transfer risk exposure associated with an occurrence of defined risk events from the risk exposure components to the first insurance system based on equitable, mutually aligned first risk transfer parameters and correlated aligned first payment transfer parameters, and the first insurance system that is connected to a second insurance system of the system and that transfers risk exposure associated with the occurrence of the defined risk events from the first insurance system to the second insurance system based on equitable, mutually aligned second risk transfer parameters and correlated aligned second payment transfer parameters.


A method and system for forecasting the value of a structured financial product, which can be a weather-based structured financial product. The method and system calculate a forecast value based on forecasted weather data for a defined time period in a defined geographical area, calculate reference weather data from historical data for the defined time, and the defined geographical area, and calculate a quality indicator, indicative of a forecasting quality associated with the forecasted weather data, based on the forecasted weather data and the reference weather data.


Proposed are a system and a method for the automated measurement, accumulation and monitoring of diverging cyber risks, wherein risk components are exposed by electronic means of the risk components to a plurality of cyber risks. An accumulation device is used for the segmentation of the total cyber risk of a risk component by means of parametrizable risk exposure segments, and wherein, in a searchable trigger table, retrievably stored segmentation parameters are associated with corresponding measuring parameters for capturing the risk exposure of a specific risk exposure segment. The system comprises a trigger module that is connected to the risk components by means of capturing devices in order to dynamically defect and capture measuring values for the measuring parameters related to the occurrence of cyber risk events within the data pathway of said electronic means. By means of the accumulation device, the total risk is accumulated, segmentation by segmentation, by sequentially selecting the segmentation parameters from the trigger table and retrieving the associated measuring parameters for each of the segmentation parameters, and then triggering the trigger module based on the retrieved measuring parameters to capture measuring values for the retrieved measuring parameters from the risk components by means of the capturing devices.

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