WO2007139966A3 - Process and method for writing supplemental catastrophic insurance and securitization of risk - Google Patents
Process and method for writing supplemental catastrophic insurance and securitization of risk Download PDFInfo
- Publication number
- WO2007139966A3 WO2007139966A3 PCT/US2007/012542 US2007012542W WO2007139966A3 WO 2007139966 A3 WO2007139966 A3 WO 2007139966A3 US 2007012542 W US2007012542 W US 2007012542W WO 2007139966 A3 WO2007139966 A3 WO 2007139966A3
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- policy
- exchange
- securitization
- insurance
- debit card
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/08—Insurance
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Finance (AREA)
- Engineering & Computer Science (AREA)
- Development Economics (AREA)
- Economics (AREA)
- Marketing (AREA)
- Strategic Management (AREA)
- Technology Law (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Theoretical Computer Science (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
A method and system are provided for the classification, bundling and securitization of insurance risks and the sale of those risks in domestic and international financial and capital markets in the form of bonds, debentures, exchange-traded funds and/or types of securities which are currently, or in the future may be capable of being publicly listed in connection with either a primary or secondary offering and tradable over the counter or on an appropriate exchange, such as NASDAQ, NYSE, and The London Stock Exchange. A supplemental catastrophic insurance policy application, issuance and claims payment method and system utilize a debit card that is issued with the policy and subsequently credited with a predetermined percentage of the policy limit for use by the policyholder essentially immediately after verification of the occurrence of an insured event in the U.S. Postal Service zip where the property is located and without the filing of a claim; following receipt of an electronically-filed verified claims form from the insured, up to the remaining unpaid policy limit is credited to the debit card account.
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| PCT/US2007/018565 WO2008021576A2 (en) | 2006-08-18 | 2007-08-20 | Processing system for securitizing defined insurance risk |
Applications Claiming Priority (8)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| US80907106P | 2006-05-26 | 2006-05-26 | |
| US60/809,071 | 2006-05-26 | ||
| US81889806P | 2006-07-05 | 2006-07-05 | |
| US60/818,898 | 2006-07-05 | ||
| US83893306P | 2006-08-18 | 2006-08-18 | |
| US60/838,933 | 2006-08-18 | ||
| US86033806P | 2006-11-20 | 2006-11-20 | |
| US60/860,338 | 2006-11-20 |
Publications (2)
| Publication Number | Publication Date |
|---|---|
| WO2007139966A2 WO2007139966A2 (en) | 2007-12-06 |
| WO2007139966A3 true WO2007139966A3 (en) | 2008-02-28 |
Family
ID=38779254
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| PCT/US2007/012542 WO2007139966A2 (en) | 2006-05-26 | 2007-05-25 | Process and method for writing supplemental catastrophic insurance and securitization of risk |
Country Status (1)
| Country | Link |
|---|---|
| WO (1) | WO2007139966A2 (en) |
Families Citing this family (3)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US8346665B2 (en) | 2010-04-13 | 2013-01-01 | Enservio, Inc. | Dual-activation financial products |
| US8762278B2 (en) | 2010-04-13 | 2014-06-24 | Enservio, Inc. | Dual-activation financial products |
| AU2019100549A4 (en) * | 2019-05-22 | 2019-07-18 | Hareds Pty Ltd | A parametric catastrophe insurance method |
Citations (2)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US20020042770A1 (en) * | 2000-10-06 | 2002-04-11 | Slyke Oakley E. Van | Liquid insurance contracts |
| US20020046144A1 (en) * | 1992-10-28 | 2002-04-18 | Graff Richard A. | Further improved system and methods for computing to support decomposing property into separately valued components |
-
2007
- 2007-05-25 WO PCT/US2007/012542 patent/WO2007139966A2/en active Application Filing
Patent Citations (2)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US20020046144A1 (en) * | 1992-10-28 | 2002-04-18 | Graff Richard A. | Further improved system and methods for computing to support decomposing property into separately valued components |
| US20020042770A1 (en) * | 2000-10-06 | 2002-04-11 | Slyke Oakley E. Van | Liquid insurance contracts |
Also Published As
| Publication number | Publication date |
|---|---|
| WO2007139966A2 (en) | 2007-12-06 |
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