Dynamically scalable event triggering system for automatic risk transfer and corresponding method thereof

Abstract

The invention provides a dynamically scalable, dynamically operable automatic risk measurement and risk transfer system, in particular to a measurement data triggering system. The system provides therisk sharing of risks associated with the elderly by providing dynamic self-sufficient risk protection for risk exposed individuals. The technical structures for Environmental Assisted Life (AAL) andother incorporations of independent life technology with intelligent home elements and remote mutual benefit services are provided, thereby promoting the ability of elderly people to live alone and care for the elderly in situ based on the technical means.

Description

technical field [0001] The present invention relates to dynamically scalable and dynamically operating automated systems, in particular measurement data triggered risk transfer systems, for providing risk sharing of risks related to the elderly by providing dynamic self-contained risk protection for risk exposed individuals. More particularly, the present invention relates to an automated event-driven system for triggering critical events along the path of a patient data stream that shorten the ability of an elderly person to live independently. More particularly, the present invention relates to hub technology for providing a scalable, automated platform for risk transfer of risk in the elderly. The invention also relates to ambient assisted living (AAL) environments and other integrations of stand-alone assistive technology with smart home elements, as well as telemedicine services. The successful development of this emerging technology will facilitate the advancement of ol...

AI Technical Summary

Problems solved by technology

In other words, there is a strong need for an automated method of increasing the resources available to seniors to at least partially fund the cost of living in an assisted living facility or assisted living at home for seniors, if only for a short period of time , an individual's reliance on government assistance or reliance / need for care provided in expensive private nursing facilities is also delayed, prolonging his / her chances of living independently

However, automated, time-dependent forecasting and assessment of associated long-term risks are technically difficult and cannot be implemented by simply implementing an underlying business approach of transferring risk to another unit in exchange for an appropriate balance of premiums

Inaccurate assumptions about failure and morbidity and rising healthcare costs in existing technology systems are forcing long-term care insurers to increase fundamental capital reserve requirements through new strategic structures

Many risk transfer systems have shut down their long-term care blocks because inaccurate and inefficient operating structures are eroding the proper long-term operation of the system

Most personal long-term care carriers fail to address worrying trends related to senior living

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