Patent ID: 8024205
Filing Date: 2011-09-20
Classification: G06Q

Abstract:
1. Computer-based system for calculating expected damage as a result of natural catastrophe events on a multiplicity of insured objects in a portfolio, comprising: a plurality of processor units, each having a control module configured to control the respective processor unit; a coordinating unit having a data structuring module configured to associate the insured objects with a risk type and a geographical risk area for a risk group, an instruction generator configured to provide instruction data for a respective one of the processor units, and a damage calculation module configured to determine expected damage for the portfolio on the basis of elemental damage details for expected damage as a result of natural catastrophe events on the insured objects, wherein the instruction data includes details relating to at least a portion of the insured objects and the association of the insured objects with the risk type and the geographical risk area for the risk group, the processor units determine a damage sensitivity function to be used on the basis of the association included in the instruction data and calculate the elemental damage details for expected damage as a result of one of the natural catastrophe events on one of the insured objects based on the instruction data and the determined damage sensitivity function for the insured object, the processor units store at least one damage sensitivity function in a local cache, and the instruction generator provides the instruction data and details relating to the insured objects having associations with a risk type and a geographical risk area that determine one of the damage sensitivity functions stored in the local cache.