Patent ID: 8090601
Filing Date: 2012-01-03
Classification: G06Q

Abstract:
1. A system for insuring a security against a change in value of a security comprising a computer system configured to have entered information related to a security to be insured and an insured amount of the security to be insured, the computer system configured to calculate a total gross premium for an insurance policy for insuring the security with the total gross premium being determined by calculating an insurance risk premium based upon the security to be insured and the insured amount of the security to be insured with the insurance risk premium being determined by use of an options pricing formula having an input being the insured amount of the security to be insured, determining by the computer system whether the calculated insurance risk premium is adequate, calculating by the computer system a risk margin when the calculated insurance risk premium is determined to be inadequate, combining by the computer system the calculated insurance risk premium and the risk margin to determine a net single premium, calculating by the computer system an expense and profit load similar to an expense associated with buying an option and selling an option, and combining by the computer system the net single premium and the expense and profit load to determine the total gross premium.