38 results about "Risk sharing" patented technology

An integrated and unified method of statistical-like analysis, scenario forecasting, risking sharing, and risk trading is presented. Variates explanatory of response variates are identified in terms of the “value of the knowing.” Such a value can be direct economic value. Probabilistic scenarios are generated by multi-dimensionally weighting a dataset. Weights are specified using Exogenous-Forecasted Distributions (EFDs). Weighting is done by a highly improved Iterative Proportional Fitting Procedure (IPFP) that exponentially reduces computer storage and calculations requirements. A probabilistic nearest neighbor procedure is provided to yield fine-grain pinpoint scenarios. A method to evaluate forecasters is presented; this method addresses game-theory issues. All of this leads to the final component: a new method of sharing and trading risk, which both directly integrates with the above and yields contingent risk-contracts that better serve all parties.

System and method for service pricing optimization enables analysis of multi-phased, multi-business unit, multi-process, multi-geo / country deal structure with its parts and phases having different pricing implications, and provides a flexible composite pricing schedule optimized for both service provider and receiver by gain and risk sharing. In one aspect, elementary pricing models and pricing parameters are established and a composite pricing model is constructed based on the elementary pricing models and pricing parameters. An optimizer optimizes the composite pricing model to minimize risk and maximize one or more selected criteria. Price is generated using the optimized composite pricing model.

There is provided an automated, reactive flight delay risk-transfer system and method related to airspace risks for risk sharing of a variable number of risk-exposed units by pooling resources of the units and by providing a self-sufficient risk-transfer system based on the pooled resources by a resource-pooling system associated with the risk-transfer system, where an automated transfer of risk exposure associated with the units is provided by an automated flight delay insurance system including a capturing means to receive transmitted air data parameters of aircraft ground-based flight controllers. A trigger module dynamically triggers filtered flight time parameters via a data flow pathway of the controllers by means of a predefined time-delay threshold value, where in case of triggering of an excess of the value, operational parameters of the triggered flight including delay parameters and identification are captured and losses associated with the delay are covered by a parametric payment transfer.

The invention relates to a self-sufficient resource-pooling system (1) for risk sharing of a variable number of risk exposed aircraft fleets (81, . . . , 84) related to airspace risks, wherein resources of the risk exposed aircraft fleets (81, . . . , 84) are pooled by the system (1) and a self-sufficient risk protection is provided for the risk exposed aircraft fleets (81, . . . , 84) by means of the system (1) preventing imminent grounding or operational collapse as a consequence of an occurrence of a natural disaster events, such as volcanic eruptions. The risk exposed aircraft fleets (81, . . . , 84) are connected to the system (1) by means of a plurality of payment-receiving modules configured to receive and store payments from the risk exposed aircraft fleets (81, . . . , 84) for the pooling of their risks and resources and loss cover is provided based on the pooled resources and risks by means of the system (1).

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.

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 of a variable number of risk exposure components (21, 22, 23) by providing a dynamic self-sufficient risk protection for the 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). The operation of the resource pooling system (1) is further supported by a parametric risk-cover related to multiple occurrences of critical illness parameters 71,72,73 triggered in the related patient data flow pathway (213, 223, 233).

The invention relates to a self-sufficient resource-pooling system (1) for risk sharing of a variable number of risk exposed aircraft fleets (81, . . . , 84) related to airspace risks, wherein resources of the risk exposed aircraft fleets (81, . . . , 84) are pooled by the system (1) and a self-sufficient risk protection is provided for the risk exposed aircraft fleets (81, . . . , 84) by means of the system (1) preventing imminent grounding or operational collapse as a consequence of an occurrence of a natural disaster events, such as volcanic eruptions. The risk exposed aircraft fleets (81, . . . , 84) are connected to the system (1) by means of a plurality of payment-receiving modules configured to receive and store payments from the risk exposed aircraft fleets (81, . . . , 84) for the pooling of their risks and resources and loss cover is provided based on the pooled resources and risks by means of the system (1).