Patent ID: 7885835

Claim:
A data processing system comprising: a processor configured for: automatically determining quota shares to assign each of a plurality of primary insurance policies for at least two participating primary insurers, wherein for each of the primary insurance polices, the quota shares are determined based at least in part on primary insurer provided criteria and characteristics of the respective primary insurance policies, wherein the characteristics of the respective primary insurance policies upon which the quota share determination is at least in part based comprise at least one of a type of coverage included in the respective primary insurance policies, liability limits included in the respective primary insurance policies, premiums associated with the respective primary insurance policies, and whether the primary insurance policies are new or renewal policies; automatically assigning the determined quota shares to the at least two participating primary insurers; allocating portions of a claim liability or a received premium associated with at least one of the primary insurance policies among the at least two primary insurers according to the determined quota shares assigned to the at least one primary insurance policy, and outputting a fund transfer amount based on the allocation; and a memory for storing the quota shares for each of the plurality of primary insurance policies.