Digital resilience marketplace platform and method thereof

Patent metadata

Field	Value
Publication number	US-12412216-B2
Application number	US-202117337143-A
Country	US
Kind code	B2
Filing date	Jun 2, 2021
Priority date	Nov 5, 2020
Publication date	Sep 9, 2025
Grant date	Sep 9, 2025

Abstract

A digital marketplace platform providing an automated, multi-channel, end-to-end, digital marketplace platform providing fully automated, end-to-end risk-assessment and risk-transfer processes by configuring, launching and processing of customized insurance and/or reinsurance products and services offered for B2B and B2C users. Each individual and service provided on the Marketplace is automatically rated on its contribution to a resilience score of the consumers that purchase products on the Marketplace and benefits from the marketplace's services. In L&H risk-transfer, the resilience score, inter alia, measures and rates the current health status of individuals, and their likelihood to purchase insurance protection or start/keep behaviors that improve their health status, dynamically reassessed throughout the term of the risk-transfer, i.e. its lifetime, by the digital platform.

First claim

The invention claimed is:

1. A system that implements a digital, cloud-based marketplace platform, the system comprising:
processing circuitry;
a metric simulation engine; and
a graphical user interface,
the digital platform enabling fully automated, end-to-end risk-assessment and risk-transfer processes by configuring, launching and processing of customized first-tier and/or second-tier risk-transfer products for risk-exposed consumers as first units and carriers/brokers as second units, wherein
the risk-transfer products consist of a number of structuring blocks being common basic parts and elements to configure the risk-transfer products,
different combinations of the structuring blocks provide different risk-transfer structures which define characteristics of the risk-transfer products,
an automated risk-transfer placement is provided by the digital platform in a digital environment by a first online channel comprising a parameter-driven, rule-based underwriting process for creating or participating at risk-transfer structures by a pricing and underwriting engine,
an automated claim handling is provided by the digital platform by a claim triage and handling engine as a second online channel, and
an automated accounting is provided by the digital platform by a balance sheet provision and management engine and policy administration engine as a third online channel,

the processing circuitry being configured to rate each first unit and each digital service of the digital platform by a contribution measure to a resilience score of the first units purchasing the risk-transfer products on the digital platform and benefiting from the digital services of the digital platform, the resilience score providing a measure based on a measured current health status of each first unit and/or a measured probability to purchase risk-transfer cover and/or a measured probability to start or keep behavior for improving health status, wherein measuring of the resilience score encompasses different type of risks at least comprising mortality risks and/or morbidity risks and/or longevity risks together with probability to claim for a risk-transfer benefit and/or measured evolving health status of each first unit,
the processing circuitry including;
a living object or asset model circuit configured to operate a digital twin for living object or asset associated with the first units,
sensory and measuring devices measuring and capturing of measuring data measuring risk-exposer and characteristics of a consumer unit by the sensory and measuring devices associated with a first unit,
a living object or asset description circuit configured to interpret the measured measuring parameters from the digital twin for the living object or asset, and
a living object or asset configuration circuit configured to operate an adaptive learning system, wherein the adaptive learning system is configured to dynamically adjust a living object or asset configuration based on a set of measuring parameters from the digital twin based at least in part on risk-relevant characteristics,

the processing circuitry being configured to perform a forward-looking rating of each first unit and each digital service of the digital platform by a contribution measure to a forecasted resilience score of the first units for a definable future time window for purchasing the risk-transfer products on the digital platform and benefiting from the digital services of the digital platform,
the processing circuitry being configured to measure the contribution measure to the resilience score by assessing variance of a resilience score of a first unit by changing a parameter of the first unit at least comprising adding or omitting a specific risk-transfer cover and/or triggering start or maintenance of a nutrition program,
the metric simulation engine being configured to automate prediction of forward- and backward-looking impact measures based on event parameter values of time-dependent series of occurrences of physically impacting risk-events, the occurrences of the physically impacting risk-events being measured based on predefined threshold-values of the event parameters and impacts of the physically impacting risk-events to the first unit being measured based on impact parameters associated with the first unit,
the processing circuitry being configured to perform an additional forward-looking rating of each first unit and each digital service of the digital platform by a contribution measure to a forecasted resilience score of the first units for a definable future time, and
the graphical user interface being of a portfolio analytics framework configured to provide a dynamic representation of a portfolio structure, the metric simulation engine forming an integrated part of the portfolio analytics framework, and, via the metric simulation engine, the dynamic representation of the portfolio structure provides forward- and backward-looking insights to the first unit based on the measured resilience score measure, enabling portfolio steering by identification of critical areas of the portfolio and impacts of possible changes, wherein detected changes in the resilience score triggers dynamic changes in pricing parameters of one or more risk-transfer.

2. The system according to claim 1 , wherein dynamically detected changes in the resilience score trigger at least dynamic assessment and/or reassessment and/or repricing by the digital platform at inception and throughout a duration of a risk-transfer and/or of a user relationship established by the digital platform.

3. The system according to claim 1 , wherein in case a user has multiple risk-transfer products with multiple carriers/brokers, the processing circuitry uses same inputs to update the resilience score of the user which is then fed back to all carriers/brokers for dynamic reassessment and/or repricing of their respective risk-transfer products.

4. The system according to claim 1 , further comprising standardized and dedicated interfaces for registering and/or authentication and/or authorization of new or existing first or second units.

5. The system according to claim 1 , further comprising standardized and dedicated interfaces for an integration of new second units as service providers on the digital platform.

6. The system according to claim 1 , further comprising standardized and dedicated application programming interface (API) for data exchange and transfer between the digital platform and a second unit.

7. The system according to claim 1 , further comprising dedicated electronic links to an external digital insurance engine and/or automated underwriting capabilities and/or claim automation devices and/or external service providers of health or risk management program processes and/or automated risk assessments.

8. The system according to claim 7 , wherein the automated risk assessments at least comprise automated credit scores and/or credit scoring.

9. The system according to claim 1 , further comprising interfaces providing access to an electronic, second tier (reinsurance) balance sheet.

10. The system according to claim 9 , wherein the electronic, second tier (reinsurance) balance sheet is a life and health risk-transfer balance sheet or a property and casualty risk-transfer balance sheet.

11. The system according to claim 1 , wherein the digital services of the digital platform comprise B2B for the second units and/or B2C digital services between the first and second units and/or B2B or B2C between users of the digital platform and external service providers of health or risk management program processes and/or automated risk assessments.

12. The system according to cla

Assignees

• Swiss reinsurance co ltd

Inventors

• Savarese Domenico

Classifications

• G06Q30/0609

  Qualifying participants for shopping transactions (payment transaction verification G06Q20/401) · CPC title

• G16H20/60

  relating to nutrition control, e.g. diets · CPC title

• G06Q30/06

  Buying, selling or leasing transactions · CPC title

• G06Q40/08 Primary

  Insurance · CPC title