Patent ID: 8290797

Claim:
A computerized method of collecting and distributing confidential insurance loss history and account performance information on an entity, comprising the steps of: establishing a network interface between a central server, at least one remote data collection terminal and at least one authorized third party terminal, the central server having computer readable memory associated therewith; receiving real time insurance loss history and account performance information on the entity from the at least one remote data collection terminal; storing the real time insurance loss history and account performance information in a database stored in the computer readable memory; calculating a single weighted score by aggregation of a selected plurality of factors of the real time insurance loss history and account performance information, wherein the single weighted score represents a risk measure of an individual's insurance real time loss history and account performance information relative to the entity; storing the single weighted score in the computer readable memory; transmitting authorization data to view the real time insurance loss history and account performance information and the single weighted score from the at least one authorized third party terminal to the server; authenticating and authorizing the at least one third parties' access to the database; displaying the real time insurance loss history and account performance information and the single weighted score to the at least one third party; and continuously monitoring the database for a change in the at least one selected factor, and transmitting an alert signal to the at least one third party terminal based upon the at least one change to the real time insurance loss history and account performance information and the single weighted score.