Patent ID: 8290798

Claim:
A method, comprising: receiving, by a specially-programmed computerized processing device, information descriptive of (i) a net worth of a potential surety customer and (ii) a credit rating of the potential surety customer; calculating, by the specially-programmed computerized processing device, (i) a size scaling factor based on the net worth of the potential surety customer and (ii) a credit rating scaling factor, by dividing a credit rating scaling factor constant by a benchmark default probability that corresponds to the credit rating of the potential surety customer; calculating, by the specially-programmed computerized processing device, a program relativity metric for each of a plurality of surety bond type buckets, by multiplying the size scaling factor, the credit rating scaling factor, and a bond obligation type scaling factor that corresponds to each of the plurality of surety bond type buckets; selecting, by the specially-programmed computerized processing device, one of a set of maximum exposure matrices based on at least one of (i) the net worth of the potential surety customer and (ii) the credit rating of the potential surety customer; determining, by the specially-programmed computerized processing device, based on the credit rating of the potential surety customer and based on the selected one of the set of maximum exposure matrices, a maximum exposure metric for each of the plurality of surety bond type buckets; and outputting, by the specially-programmed computerized processing device, a recommended surety quote metric for each of the plurality of surety bond type buckets, by outputting the lesser of the calculated program relativity metric and the maximum exposure metric for each of the plurality of surety bond type buckets.