| CPC G06Q 40/08 (2013.01) [G06Q 20/10 (2013.01)] | 17 Claims |
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1. A clash loss event triggered risk transfer system driven by occurrence of risk events by measuring and triggering by measuring devices and/or trigger modules measuring parameters in a data flow pathway of the measuring devices for optimized coupling and switching of two coupled automated systems, the measuring devices being associated with risk exposed components, a clash loss event being defined as a risk event causing losses at two or more of the risk exposed components by way of occurrence of a same risk event, the event triggered risk transfer system comprising:
the risk exposed components, implemented by at least one processor, that are connected to a first automated resource pooling system comprising electronic devices for automated risk-transfer of a first insurance system by a first payment-transfer module;
the first payment-transfer module implemented by the at least one processor and configured to
connect the risk exposed components and the first insurance system, and
receive and store payments from the risk exposed components for the pooling of their risks of losses in consequence of a hurricane or flood or fire or earthquake as defined risk events being measurable and triggerable by the measuring devices and trigger modules of the event triggered risk transfer system triggering in the data flow pathway of the measuring parameters;
a second payment-transfer module implemented by the at least one processor and configured to
connect the first resource pooling system to a second automated resource pooling system comprising electronic devices for automated risk-transfer of a second insurance system by the second payment-transfer module, and
receive and store payments from the first resource pooling system of the first insurance system for the transfer of risks of the pooled risks of the first insurance system to the second insurance system;
an event-triggered switch configured to couple, steer and operate the first resource pooling system and the second resource pooling system for covering losses associated with risks transferred to the first insurance system and the second insurance system by generating and transmitting, via a communication network, steering signals to the first and second resource pooling systems;
measuring devices associated with the risk exposed components, wherein the measuring devices are configured to measure risk-related component data of the occurrence of risk events by the clash loss event triggered risk transfer system, and transfer the measured risk-related component data by interface modules of the measuring devices upon occurrence, to the first insurance system, wherein, based on filtering parameters of a filter, the risk-related component data are filtered for loss parameters of loss events as a consequence of the occurrence of one of the defined risk events,
wherein a core engine comprises event-driven triggers for triggering of the measuring devices associated with the risk exposed components for the occurrence of a risk event, the data flow pathway of the measuring devices being dynamically monitored by triggering the measuring parameters of the data flow pathway transmitted from associated measuring devices to detect the occurrence of risk events based upon predefined trigger parameters,
wherein, using risk event triggers, the measured risk-related component data associated with different loss events are scanned for a pattern that traces measurements of two different loss events to the same risk event that is based at least upon time and location parameters indicating a biunique relation with a single occurrence of a risk event,
wherein a risk event and associated loss events are only captured by the clash loss system by entering a parametrized event into a first reporting system of the first system in response to the measured risk-related component data indicating occurrence of a sudden and accidental event directly interconnected in both time and location or indicating an originating cause, by related time parameters and related location parameters based upon first filtering parameters, and wherein in the event of a match, a corresponding link is created, linking the two loss events,
wherein the generation of a single unique identifier is triggered by triggering the linkage of two or more loss events to the occurrence of the same risk event, wherein each loss event linked to the occurrence of the same risk event is associated with the same single unique identifier, and wherein a single unique identifier is set by a unique discrete alphanumeric string, stored and associated with the corresponding loss event,
wherein the loss events are transferred to the second insurance system providing a double check process and synchronization, wherein the loss events are entered into a second reporting system by the second insurance system upon separate recognition pursuant to defined parameterization of the clash loss event linked to the unique identifier, and wherein for each risk event, losses of linked loss events are aggregated by the core engine incrementing an aggregation parameter associated with each single unique identifier and captured by the second insurance system, the aggregation being triggered by the data of the first recording of the specific single unique identifier in the second reporting system of the second insurance system,
wherein in the event of the detection of the aggregation parameter exceeding a predefined aggregate excess of loss threshold, an activation signal is generated by the event-triggered switch based on the aggregation parameter excess, wherein the event-triggered switch triggers the complementary activation of the first and second resource pooling systems using a generated activation signal by transmitting the activation to the first and/or second resource pooling system to provide risk protection to the risk exposed components, and wherein the activation of the first and/or second resource pooling system is based on a definable risk transfer structure including covered segments with scopes of covered risk lines and regions providing corresponding threshold values for the complementary switching and activation,
wherein the definable risk transfer structure is generated by interpolating segment values as support points, the support points as segment values being structured by the risk transfer structure providing the activation signaling of the switching device linking the different segment values to each other, and
wherein the event-triggered switch transmits, via the communication network, the activation to the first and/or second resource pooling system to provide the risk protection to the risk exposed components.
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