Patent ID: 8676610

Claim:
A system for providing a computer implemented insurance product for insuring an insured's projected savings from an improvement program, the system comprising: a user interface that receives project data for the improvement program and a savings goal for the insured, wherein project data comprises a plurality of initiatives to be implemented by the insured, projected savings values corresponding to the plurality of initiates to be implemented by the insured, and the corresponding probabilities of achieving the respective projected savings values; a storage unit used to receive and store: the project data for the improvement program; and the savings goal for the improvement program; a processor programmed with executable code that when executed, causes the processor to: determine a project value for the improvement program based on the projected savings values corresponding to the plurality of initiatives to be implemented by the insured and the corresponding probabilities of achieving the respective projected savings values; calculate a premium for the insurance product based on the project value, project data, and the savings goal; and generate the insurance product comprising the savings goal.