Invention Grant
- Patent Title: Systems, methods, and platform for estimating risk of catastrophic events
-
Application No.: US15931397Application Date: 2020-05-13
-
Publication No.: US11436680B2Publication Date: 2022-09-06
- Inventor: Stephen Fiete , Alok Bhattacharya
- Applicant: AON GLOBAL OPERATIONS SE, SINGAPORE BRANCH
- Applicant Address: SG Singapore
- Assignee: AON GLOBAL OPERATIONS SE, SINGAPORE BRANCH
- Current Assignee: AON GLOBAL OPERATIONS SE, SINGAPORE BRANCH
- Current Assignee Address: SG Singapore
- Agency: Gardella Grace P.A.
- Main IPC: G06Q40/08
- IPC: G06Q40/08 ; G06Q10/06

Abstract:
In an illustrative embodiment, systems and methods for calculating risk scores for locations potentially affected by catastrophic events include receiving a risk score request for a location, the risk score request including a request for assessment of risk exposure related to a type of catastrophic event. Based on the type of catastrophic event, a data compression algorithm may be applied to a catastrophic risk model representing amounts of perceived risk to an area surrounding the location. In response to receiving the risk score request, a risk score for the location may be calculated that corresponds to a weighted estimation of one or more data points in a compressed catastrophic risk model. A risk score user interface screen may be generated in real-time to present the catastrophic risk score and one or more corresponding loss metrics for the location due to a potential occurrence of the type of catastrophic event.
Public/Granted literature
- US20210097621A1 Systems, Methods, and Platform for Estimating Risk of Catastrophic Events Public/Granted day:2021-04-01
Information query