Patent ID: 8635140

Claim:
A processor-implemented method to generate a reinsurance product quote, comprising: receiving, via a processor, a reinsurance product selecting interface including a list of reinsurance product identifying base parameters; providing, via the processor, a selection from the list of reinsurance product identifying base parameters via the reinsurance product selecting interface; receiving, via the processor, a reinsurance product generating user interface with user interface widgets indicative of reinsurance product characteristics in response to the selection; providing, via the processor, user actuations of user interface widgets indicative of reinsurance product characteristics via the reinsurance product generating user interface; receiving, via the processor, a reinsurance product specification user interface in response to providing the user actuations; providing, via the processor, user specifications of relationships between the reinsurance product characteristics via the reinsurance product specification user interface; obtaining, via the processor, reinsurance quotes calculated by a reinsurance product base component based on a reinsurance product data template, the reinsurance product data template being generated from the user actuations of the widget indicative of reinsurance product characteristics and the user specifications of relationships between the reinsurance product characteristics, the reinsurance product data template specifying external logic sets, wherein the external logic sets are dynamically integrated into the reinsurance product base component for execution without interrupting the reinsurance product base component and are configured to dynamically update data sets associated with the logic sets; and presenting the reinsurance quotes via a reinsurance quotes user interface.