Invention Grant
- Patent Title: Disaster risk management and financing system, and corresponding method thereof
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Application No.: US15438261Application Date: 2017-02-21
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Publication No.: US11222388B2Publication Date: 2022-01-11
- Inventor: David Baumgartner , Nikhil Da Victoria Lobo , Bridget Carle
- Applicant: Swiss Reinsurance Company Ltd.
- Applicant Address: CH Zurich
- Assignee: Swiss Reinsurance Company Ltd.
- Current Assignee: Swiss Reinsurance Company Ltd.
- Current Assignee Address: CH Zurich
- Agency: Oblon, McClelland, Maier & Neustadt, L.L.P.
- Main IPC: G06Q50/26
- IPC: G06Q50/26 ; G06Q40/08 ; G06Q40/06 ; G06Q10/06 ; G06Q30/02

Abstract:
A method and system, the method including capturing country-specific parameters of a risk-exposed country relating to stored predefined criteria, assigning one or more disaster event types to a disaster history table, capturing and storing mapping parameters for a geographic risk map, assigning each of a plurality of selectable disaster financing types to a definable cost factor capturing the capital cost of the disaster financing type in relation to its application for disaster mitigation, determining expected catastrophe losses by a loss frequency function and the geographic risk map for various scenarios of occurring natural disaster event types, and preparing a forecast of an effect of the disaster financing type to cover the catastrophe losses based on the coverage structure, the assigned cost factors, and the determined expected catastrophe losses
Public/Granted literature
- US20170161859A1 DISASTER RISK MANAGEMENT AND FINANCING SYSTEM, AND CORRESPONDING METHOD THEREOF Public/Granted day:2017-06-08
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