Patent ID: 8095396
Filing Date: 2012-01-10
Classification: G06Q

Abstract:
1. A risk apportionment system for providing personal guaranty insurance to a guarantor, the guarantor having received a loan from a lender for an organization associated with the guarantor, the guarantor being required by the lender to provide a personal guaranty on the loan, the personal guaranty obligating the guarantor to pay a personal guaranty liability, the personal guaranty liability comprising a difference between an aggregate liability on the loan and an asset liquidation value of the organization, the system comprising: one or more processers configured to execute a policy generator and a claims module, the policy generator comprising a policy risk management module and a portfolio risk management module; the policy risk management module configured to determine a degree of policy risk by programmatically evaluating characteristics of the guarantor, the organization, the loan, and the lender, wherein: the portfolio risk management module configured to determine a degree of portfolio risk by programmatically evaluating one or more of the following portfolio risk factors: assets integral to the organization, the type of assets owned by the organization, the geographic location of the organization, industry of the organization, and size of the loan; and wherein the policy generator, in response to the determination that the degrees of policy and portfolio risk represented by the guarantor are below a threshold of risk, is configured to generate an insurance policy between the guarantor and an insurer corresponding to the guaranty, the insurance policy comprising the premium and providing for a variable retention of risk by the guarantor, wherein a value of the variable retention comprises at least a portion of the guaranty liability; and the claims module configured to, in response to a request for a claim on the personal guaranty insurance policy: