JP2001202473A - Insurance auction on internet - Google Patents

Abstract

PROBLEM TO BE SOLVED: To establish an insurance mediation market on the Internet for enabling each of individuals (including juristic persons) present the insurance whose contents are freely proposed to some extent to auction in accordance with the individual risk circumstances and also enabling everyone to freely subscribe and accept the market to some extent, thereby to establish a market having higher reliance than the conventional commodity auction on the Internet and also to establish the similar markets about the student loans, debt and credit of money and loans. SOLUTION: In addition to a homepage technique of the conventional commodity auction, various methods are available including a credit treatment (a method that uses a specific pattern that can be applied only by a manager in a page and ensures the truth/personality of a part that is modified/hidden by the pattern in the auction data).

Description

DETAILED DESCRIPTION OF THE INVENTION

[0001]

BACKGROUND OF THE INVENTION 1. Field of the Invention The present invention relates to a business model in which an auction for underwriting and / or subscribing to an auctioned insurance is presented on the Internet.

[0002]

2. Description of the Related Art Insurance by existing insurance companies in Japan has not actually been able to meet various individual needs concerning insurance. Probably, even uniform products are still being released every year, with an average of more than 10 new products being released every year. In addition, the only organization that can underwrite insurance based on individual ideas is the UK's giant Lloyd's. There is a problem that there is no contract system, that ordinary people and companies outside Western Europe do not usually have the chance to use it in the first place.

[0003]

In the modern age where risks are diversifying and increasing, there is a need for an insurance market that can respond to new and individual risks. In addition, it is desirable that the market be operated at low cost and that the threshold be as low as possible when using the market. However, whether you are offering insurance or not, you should only have the resources to meet your insurance requirements.

[0004]

SUMMARY OF THE INVENTION Therefore, if a market is established on the Internet, such as Lloyds of the United Kingdom, which mediates between the claimant and the underwriter, any new or individual risks can be handled. Of course, since it will be implemented on the Internet, Lloyd's problems mentioned above can be almost completely eliminated, and the market will be more open, free and more flexible than Lloyd's. The market landscape should be very different from Lloyd's. As the technical means, the same ones as those of the current article auction homepage (e-bay, YAHOO auction, etc.) are used, but only those techniques constitute an insurance (or scholarship or money lending) auction. In addition, services that are not available on these homepages will be introduced using existing Internet technologies.

[0005]

BEST MODE FOR CARRYING OUT THE INVENTION A fairly long citation (near 7 pages) is described in the January 25, 2000 issue of the magazine Economist published by Mainichi Shimbun (released on January 17). We use a citation from the inventor's article, "Intermediate Insurance Market on the Internet." There are some changes in the citations, so there are some differences from those in the magazine, but the meanings of the citations are the same. In the original text, the tentative name of the market mechanism proposed in this business model is Internet Mini Lloyds. (Quoted below) 5. Internet Mini Lloyd's trading system-Various credit guarantee services that can be selected finely according to demand and support various transactions, membership system for security, finally thinking about the insurance organization Internet Mini Lloyd's at this stage Let me explain what trading system is. Since there are many derivation items and the contents are complicated, they are described in bullets. Application side First, think about the contents of insurance by yourself. At that time, information on the Internet Mini Lloyd's homepage (described later)
Would be helpful. Still, if you can't decide on the content itself or its stuff, you can also get an Internet Miniloise email consultation for a fee. Send documents or data to Internet Mini-Lloyd describing the details of the insurance and the circumstances requiring insurance. If you wish, you can get various kinds of Internet Guarantee credit guarantee services for a fee. (What is a credit guarantee service?
For example, mediation of insurance claims and premium payments, certification of all or a part of the data after the examination by the insurance organization, mediation of the current status report on insurance-related matters while remaining anonymous, and content of the mail The data will be posted on the website as it is, after a simple examination of Internet Miniloise, to confirm whether or not an event has occurred or has not occurred, which will be the basis for insurance claims payment. .
(I want to be able to do the posting itself for free.) This is an advertisement, and it's only useful if someone sees it and signs up. If insurance is underwritten (via an auction), Internet Miniloys will contact you (mainly by email). If insurance cannot be underwritten for a certain period,
You can follow the steps again to modify or change the insurance content. Underwriter Search on the Internet Miniloys homepage to find the insurance you like. If you want to take out insurance, you can make a bid on the homepage by inputting it and enter into a contract if the bid meets the conditions set by the applicant (mostly the minimum or maximum amount during the period). You may receive a report afterwards, depending on the conditions you have insured. Insurance Organization Internet Miniloys ◎ Inspect insurance application data. This should be as simple as dropping humanitarian problems. ◎ Post insurance application data on the website. The homepage will have a sophisticated internal search system.
The use of various credit guarantee services is also an important search key. ◎ Data that is generally useful for insurance application / underwriting will also be posted on the website. (Example: Approximate insurance rate table for typical transactions) For advanced content, pay websites are set up for each stage and posted there. ◎ If a data guarantee service has been requested from the credit guarantee service, conduct a survey and apply a credit guarantee processing pattern to the relevant portion of the posted data. (If a pattern similar to credit guarantee processing is written in the data sent, it will be deleted by examination.) ◎ If other credit guarantee services are applied, after appropriate investigation and confirmation Then, a unique credit guarantee process different for each type of service is applied to the same portion of the data. ◎ We will also provide services such as contact for insurance underwriting (free of charge) and investigation / contact mediation by various credit guarantee services. ◎ Data for which the contract has been completed or for which the contract has not been established and the content of which has not been modified within a predetermined time limit will be deleted from the homepage for viewing and saved in the database. The contracted data is stored in its original form at least until the insurance balance is confirmed. Other than that, there is basically no guarantee that it will be stored in its original form or permanently stored. Also, this database should not be connected to the outside world. Membership ◎ Several ranks are set, and the total amount of insurance claims and premiums paid is determined accordingly. Judgments should be made according to the rank, and for high-end items, a corresponding deposit should be required. From a high-level member,
Annual fees are also collected. ◎ Except for the highest-class members, only limited liability insurance contracts within the limit can be made. It would be desirable to have a built-in check mechanism on the homepage that would prevent contracts beyond the remaining limit. However, we would like to accept such contracts after having the highest-class members underwrite reinsurance for excess losses exceeding the limit. ◎ If you wish, you can register a temporary name other than your real name if you wish, and anonymous transactions are possible. ◎ Even non-members can participate in transactions if they are subject to restrictions such as advance payment (use of fee payment brokerage service is appropriate) for insurance claims and premiums. ◎ Members get some discounts on credit guarantee services or get free. In particular, simple services such as fee payment mediation services and status report email mediation services should be made free to members as much as possible. ◎ It may be necessary to require members to use the fee payment mediation service. ◎ Corporate members will need to be reviewed and ranked according to different criteria from individual members. ◎ Establish proper membership rules. Transactions are basically self-responsibility, and at the very least, Lloyds' headline regulations and prohibitions on gambling insurance, which he had struggled in the early coffee house days, should be at a minimum. Other notes ◎ Insurance application is basically assumed to be a form that contracts can be completed only by auction bidding, but for expensive and unusual transactions, it may be possible to accept a form such as a meeting with detailed conditions after bidding . . ◎ Multiple units can be set for one application if conditions such as the limit are met. At that time, basically, the upper limit of the number of acceptance ports is set in advance. In addition, by applying this, an offer to conclude a contract can be considered only when a certain number of underwriting is reached. (Depending on whether the original application is a reservation system or refund if it is not satisfied) ◎ If conditions such as the limit amount are met, it is possible for one person to undertake multiple units for one application. ◎ Depending on the content of the application, the person applying for the application may want to limit the viewing. Perhaps the request for browsing restrictions is expected to be limited to members only, by limit, by credit, by industry, by region, by gender, by age, etc. Want to add to the credit guarantee service. For technical reasons, non-members will probably not be able to browse any restricted pages, but will be compelled to do so. ◎ As a unique search key that also prevents fraudulent transactions, even if the application data includes the number of transactions in the black and red that have been determined so far and the number of transactions for each transaction if possible, it is possible to list in the application data It might be good. Furthermore, "first participation"
-It would be interesting to consider various display methods such as "3 wins and 2 losses" for a game feeling and "5 for 3 receptions" for an uncle foot length. ◎ Of the credit guarantee services, those who complete the service at the time of posting the application data should pay the fee in advance of the application side, but if this is the case, for example, if the data content guarantee fee becomes high, the application without any means can be applied. It may not be possible. I want to think of some solution. One fundamental idea is to review the posting of false information, and immediately set up a page with a penalty to permanently expel the member and have them trade there. ◎ When paying insurance claims and premiums by goods or services, a deposit (self-declared amount) can be set for each transaction even in small transactions to increase the appeal of the application, but this is also covered by the fee payment brokerage service include. ◎ There may be other credit guarantee services and other services such as viewing restrictions. It may be a good idea to establish general know-how on credit guarantee among an unspecified number of individuals on the Internet and wait for an opportunity to apply it. Such anonymous transactions will almost certainly require a third party, without which the transaction will be a ransom-like procedure or just a promise. These credit guarantees can be a significant business opportunity if there is a demand for trading. 6. Examples of Possible Transactions Now that various explanations have been given, it is possible to examine specific examples without problems. While most transactions, such as those made in the home Lloyds, may be more conveniently done with Internet MiniLloyds, here are just three that can only be handled by Internet Miniloise. The latter two are examples that are a bit beyond the scope of current insurance, but suggest the potential of the Internet Miniloys trading system.
The first is free software insurance transactions without guarantees. At first, you can use it without any guarantee, but as you continue to use it, important data and work will be included and you want some guarantee until you switch software etc. Demand will come out. Then, the usage of the software, the insurance premium paid by the person, the insurance money received by the person in response to the listed accident, the insurance period, etc. are set according to individual circumstances, and each user applies for Internet Mini Lloyds (in other words, Advertising)
And wait for underwriting. The subsequent steps are as described above. If there is an individual difference in the degree of trust in the free software, it is likely that contracts will be concluded between individuals, and free software manufacturers will respond to guarantee transactions individually with the advantage of information. Even in cases where the software is not pure free software, if the free sample version with limited functionality of the product is made more convenient than expected, the manufacturer may want such a place for individual transactions after the fact. Second, scholarships are a bit different from insurance. Both the giving and receiving sides of the Internet Miniloise system can be recruited individually, and depending on the conditions, you may receive a detailed and guaranteed post-report. As a further feature, even non-academic scholarships can be handled. In addition to non-academic work, for example, entertainment, music, comics, and the like that are uncertain but have the potential to generate high income in the future, it is possible to issue private shares.
A talented but not sprouting newcomer can publish his qualities and works, collect and receive a few small premiums as living funds, and succeed in the future within a certain period and earn a certain income. For example, if a part of it is paid as insurance money, and if efforts are not negligible and the minimum result can not be achieved within a certain period of time, it will be worked out normally and divided into amounts that can be returned and paid a fine as another insurance money Will be common. In addition, this format can be used to foster venture companies that are unlikely to issue their own shares. However, it is difficult to publish new ideas for which intellectual property rights have not been determined even in view of restricted viewing services, so it is difficult to foster ventures from the idea stage. That said, overall, it's a pretty promising form of transaction for Internet Miniloys. Third, this is also a bit out of the strict sense of insurance, but with small homemade derivatives. For example, if a farmer finds a crop that is negatively related to the profits he or she produces at his own location and cannot produce the crop on his own because of differences in the climatic zone, he or she will This leaves room for business with other farmers who are producing In that case, the range of negative correlation (because both crops will eventually fail under too extreme climate change) is sufficiently wide, and if the correlation is strong enough, the mediation cost is low and the temperature Risk hedging costs are lower than when derivative products are (and can be) used. Other than farmers,
For example, the same can be said for industries that are susceptible to climate change, such as the holiday-related industry and the soft drink industry. In these industries, you can buy existing derivative products,
Intermediation necessary to realize the desired payoff curve
Transaction costs can be quite high in some cases, so if you find a good partner or a combination on Internet Miniloys, direct trading is still desirable. If you look for cases of this kind of individualized risk offsetting, you'll find quite a bit, so this is another promising form of trade for Internet Miniloise. The second and third examples seem to have nothing to do with insurance. However, in extreme terms, acts similar to the issuance of individual shares in the second half of the second example have the character of insurance, depending on what is interpreted as an "accidental" disaster for the individual. Considering the third example in general terms, if the central limit theorem in statistics is not established due to the small number of samples and the independence of events, the risk hedge cannot be stabilized with ordinary insurance products. However, other forms of trading, such as derivatives, will only provide a stable risk hedge. Furthermore,
Transactions such as derivatives can hedge risk more stably and at lower cost, provided that there is a clear position to benefit from the disaster and that some other conditions are met. Therefore, just like the size of risk diversification and some assumptions, transactions like derivatives also have a risk diversification property that is similar to insurance. However,
These are extreme, and in the end the second and third examples only partially fulfill the current definition and nature of insurance. In the first place, there is no problem with Internet Miniloys transactions without necessarily sticking to the definition and nature of such insurance. (End of quote)

[0006]

According to this business model, each individual (including a corporation) can freely propose insurance that he or she needs to the market. Existing insurers also have the advantage of gaining ideas for new insurance products from such proposals. However, it is difficult to fully exploit the potential of this business model for insurance under current Japanese laws and regulations. However, even if the insurers are limited to licensed insurers in accordance with current laws and regulations, and the insurance content is limited to those within current laws and regulations, this business model will create a sufficiently new insurance business. Will get. Above all, by applying this business model as described above, scholarships can be used for non-academic purposes, and it is easy to search for a preferred recipient, and the offer amount is free for the applicant according to the circumstances. Can be set to, and even if anonymous, the contact with the payment partner can be easily and densely provided. Like the scholarship, this business model can be applied to monetary lending. The effect when applied is the same as the scholarship above. In addition, the sources of income when using this business model include income from the various credit guarantee services described above, income from paid websites provided in part, income from advertising on the website, and members from the membership system. Collection of fees, other insurance and income from intermediation, etc. (The above is the end of the description of the specification, but since we could not find clear domestic guidelines and prior art for business model patents, this document was published in a journal article and what came to mind afterwards from one end I want to amend the document or submit an improved patent as clear guidelines and prior art become clear.)

Claims (9)

[Claims] 1. An insurance auction conducted on a homepage using the Internet 2. The auction according to claim 1, wherein an auction of underwriting or joining is provided for the insurance that has been presented and auctioned on the Internet. (3) A contract with an auction trader or its contractor to guarantee all or part of the data and documents sent by an insurer or policyholder on the premise of posting on the auction homepage. 2. The auction according to claim 1, wherein the auction is performed by a person who has signed the auction. 4. The policyholder, the insured and the insurer
2. The auction according to claim 1, wherein the insurance-related matters are carried out by an auction trader or a person who has contracted with the trader. 5. The auction according to claim 1, wherein an auction trader or a person who has contracted with the trader conducts an investigation on the insurance accident in parallel with, or on behalf of, or in support of, the insurer's investigation. 6. The auction according to claim 1, wherein a viewing restriction is imposed on data posted on the homepage. 7. Using a special pattern that only a homepage administrator or operator can apply to a page, assuring the authenticity of a portion of the auction-related data that has been modified with the pattern, or A technique that guarantees that the part hidden by the pattern represents the person or the person. 8. A scholarship auction conducted by using all or a part of the procedures from claim 1 to claim 7. 9. A money lending auction performed by using all or a part of the procedures from claim 1 to claim 7.