Patent ID: 11875412
Assignee: SWISS REINSURANCE COMPANY LTD.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A digital platform and system that provides an automated, multi-channel, end-to-end risk-transfer configuration and/or parametrization process for configuring, launching, and processing of customized second-tier transfer structures, wherein an automated risk-transfer placement for objects or property assets each having a geographic location related to occurrence of physical impacting risk-events, the objects or property assets impacting events, is provided by the digital platform and system as a first online channel comprising an electronic, parameter-driven, rule-based underwriting process for automatically creating a portfolio or composition of customized second-tier structures, wherein automated claim handling is provided by the digital platform and system as a second online channel, and wherein automated accounting is provided by the digital platform and system as a third online channel, the digital platform and system comprising:
a product configurator, implemented by circuitry, that uses at least four structuring blocks, a first structuring block for setting coverage area parameters of a risk-transfer product, a second structuring block for setting line of business parameters, a third structuring block for setting type of risk-transfer parameters, and a fourth structuring block for setting risk information parameters; and
an integrated geocoding processing module, implemented by the circuitry, wherein
for capturing the risk information parameters, the product configurator comprises a machine-based exposure data intelligence configured to automatically identify unique risks of objects or property assets based on precise geographic locations of the objects or property assets, wherein the machine-based exposure data intelligence comprises an exposure database as a centralized geodatabase comprising a plurality of data records holding attribute parameter of objects or property assets with assigned geographic location parameters, the attribute parameters being grouped into at least geographical and/or physical and/or flood physical and/or storm physical and/or earthquake physical properties, and the location being measured by location data of a GPS-module or optical sensor and/or camera of mobile devices and inputted via a user data interface of the machine-based exposure data intelligence accessed via the mobile devices,
the integrated geocoding processing module provides forward and reverse geocoding to and from geocoding coordinates via an interface to the digital platform and system at least on levels of building and/or street and/or district and/or suburb and/or county and/or state, the measured location data being matched to a geocoding footprint and the digital platform and system determining whether the geocoding footprint is associable with a building footprint,
for matching the measured location data, the digital platform and system is configured to (i) retrieve all building footprints at least comprising geometries and geometric types or shapes from an overpass module within a grid cell having a defined radius of the measured location data and generate a convex hull of each footprint, (ii) perform a point-in-polygon match to the measured location data and the geocoding coordinates to all obtained shapes, and (iii) when a first match does not return only one polygon, then no match is found, the defined radius is increased and the matching is repeated, and
the machine-based exposure data intelligence is configured to perform clustering by clustering stored objects or property assets of the exposure database related to their assigned geographic location parameters, and to perform automated address matching based on latitude and longitude coordinates of a measured location, wherein for the clustering a matching is narrowed down to a grid cell around an object or property asset to a scale where two locations are matchable based location-dependent attributes using an adaptive cell size and/or shape, depending on a local housing/construction density, and wherein different data records of the exposure database having a same assigned geographic location parameters are matched and mutually aligned, in case of triggering inconsistencies for data records having the same assigned geographic location parameters;
a metric simulation engine, implemented by the circuitry, configured to automatically predict forward- and backward-looking impact measures based on event parameter values of time-dependent series of occurrences of physical impacting risk-events, wherein the occurrences of the physical impacting risk-events are measured based on predefined threshold-values of the event parameters and wherein impacts of the physical impacting risk-events to a specific object or property asset are measured based on impact parameters associated with the object or property asset; and
a graphical user interface of a portfolio analytics framework providing a dynamic representation of a portfolio structure, wherein
the metric simulation engine forms an integrated part of the portfolio analytics framework, and wherein, by way of the metric simulation engine, the dynamic representation of the portfolio structure provides forward- and backward-looking insights to a user thereby enabling portfolio steering by identification of critical areas of the portfolio and impacts of possible changes to the underwriting process before launching it in a market.