Patent ID: 6944597
Filing Date: 2005-09-13
Classification: G06Q

Abstract:
1. A computer-based method comprising using a computer system to manage a durational risk associated with an insurance product under which an insurer provides termination benefits to employees who are non-voluntarily terminated from employment by an employer, the durational risk comprising the risk that the unemployment period for the employees under the basic insurance product will be greater than historical unemployment periods, by storing information in a computer system about dates of termination and historical employment experiences of employees who have been terminated from employment by the employer and are covered by the insurance product, storing information in a computer system about displacement duration, based on the stored information, using a computer to generate information useful in assisting terminated employees in finding new jobs within periods that will reduce the impact of durational risk, using a computer to track dates of reemployment of terminated employees in a computer system, and using a computer to control payments of termination benefits based on stored dates of termination.