Patent ID: 7359863
Filing Date: 2008-04-15
Classification: G06Q

Abstract:
1. A computer readable medium comprising program instructions for amending one or more conditions of a reinsurance contract, wherein the program instructions are computer-executable to implement a method of: identifying an inheritable class of objects to represent the one or more conditions of a reinsurance contract, wherein the reinsurance contract is represented by an reinsurance contract object, wherein the reinsurance contract object is a parent of a first section object, wherein the first section object represents one section of the reinsurance contract; creating an instance of the inheritable class of objects to identify a condition object, wherein the condition object is a child of the first section object, wherein the condition object is connected to one or more section objects other than the first section object and the condition object inherits properties from the connected other section objects; and configuring properties and methods of the condition object consistent with the reinsurance contract to define an amended reinsurance contract; wherein the reinsurance contract comprises the transfer by a first insurer of at least a portion of the risk associated with a primary insurance contract to a second insurer to provide protection to the first insurer against the risk associated with the primary insurance contract; wherein the class of inheritable objects comprises a section classification class; wherein the section classification class comprises properties, wherein the properties describe a country, a main class of business and a class of business associated with the section classification class.