Patent ID: 7860734

Claim:
A method for quoting reinsurance for a reinsurance company, comprising the steps of: authorizing electronic requests from one or more customer users, the one or more customer users including users associated with insurance companies seeking a plurality of quotes from the reinsurance company for reinsuring insurance policies underwritten by the insurance companies; receiving data at an application server from a first customer user of the one or more customer users for the plurality of quotes of reinsurance, wherein the data provided includes data relating to at least one specific insurance policy issued by a first insurance company; automatically retrieving, for processing at a profitability engine, at least a portion of the data received from the first customer user and relating to the at least one specific insurance policy; generating a profitability analysis for each of the reinsurance policies quoted using the retrieved data and at least one of a mortality rate, a tax and interest rate, and a premium rate associated with the at least one specific insurance policy, wherein the profitability analysis indicates for each of the reinsurance policies quoted whether the quoted reinsurance policy improves profitability of the first insurance company by transferring risks defined by the first customer user and associated with the at least one specific insurance policy to the reinsurance company for an amount associated with the quote; processing the data according to rules within a database networked with the application server to generate the plurality of quotes of reinsurance for the at least one specific insurance policy; electronically communicating each of the reinsurance policies quoted to the first customer user including each corresponding profitability analysis; and enabling the first customer user to select one of the reinsurance policies quoted for improving profitability of the first insurance company including electronically transmitting a reinsurance contract to the first customer user, the reinsurance contract corresponding to the selected quote.