Patent ID: 8606602
Filing Date: 2013-12-10
Classification: G06Q

Abstract:
1. A system for transacting business between a customer and a business, the system comprising: a server used by the business and being accessible by the customer, wherein the business is a reinsurer and the customer is an insurer; and a customer account stored on the server, the customer account having access to internal records of the reinsurer associated with the customer account on the server, wherein the server includes automated instructions that, when executed by the server, allow the customer to use a computer graphical user interface to offset a payment due to the reinsurer from the insurer with one or more payments due from the reinsurer to the insurer, wherein the automated instructions are adapted to present, on the computer graphical user interface for view and use by the customer, a list of debits indicating payments from the reinsurer to the insurer and credits indicating payments from the insurer to the reinsurer, wherein the debits and the credits are associated with more than one insurance policy between the insurer and the reinsurer, and wherein, a processor at the server uses the list of the debits and the credits to offset the payment due from the insurer to the reinsurer with the payment due from the reinsurer to the insurer.