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Method and system for multi-trigger parametric data management and associated transactions

A technology of triggering parameters and parameterization, applied in data processing applications, using multiple variables to indicate weather conditions, instrument directions, etc., can solve problems such as wind speed data loss

Pending Publication Date: 2021-03-26
NEW PARADIGM GRP LLC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0006] While it is preferable to use recorded wind speed data to assess the impact of weather events when available, in some cases geographic areas may include some areas of interest that cannot currently be measured by anemometers or other wind speed measurement equipment
In other cases, measured wind speed data may be lost due to equipment failure or communication failures during weather events

Method used

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  • Method and system for multi-trigger parametric data management and associated transactions
  • Method and system for multi-trigger parametric data management and associated transactions
  • Method and system for multi-trigger parametric data management and associated transactions

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Embodiment Construction

[0044] According to various implementations of the disclosed subject matter, mechanisms (which may include methods, systems, and media) for managing wind speed data are described herein.

[0045] In one aspect, a method for collecting and managing multi-trigger parametric data includes: prior to an event, establishing a first trigger condition based on a comparison of the first parametric data with a first set of input values; and prior to the event, based on the first A comparison of the parametric data with a second set of input values ​​establishes a second trigger condition. Events associated with this method are typically weather-related events including, but not limited to, hurricanes, tropical storms, typhoons, monsoons, tidal waves, tidal surges, floods, tornadoes, or hailstorms. However, the multi-trigger parametric data approach is applicable to other types of future events, including but not limited to earthquakes, volcanoes, landslides, or forest fires.

[0046] T...

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Abstract

A method and system for multi-trigger parametric data management and associated transactions is provided. The parametric triggers can include measured wind speed occurring at predetermined geographiclocations, calculated wind speed at a predetermined geographic locations, reported storm track and wind speed / category at a predetermined distance from a reference location and / or measured tide levelsoccurring at predetermined geographic locations. The multiple triggers are evaluated by the disclosed process to evaluate whether indicated threshold levels are exceeded such that conditions for fullor fractional payout are achieved.

Description

[0001] Cross References to Related Applications [0002] This application claims the benefit and benefit of U.S. Provisional Application No. 62 / 683,489, filed June 11, 2018, entitled "METHOD AND SYSTEM FOR MULTI-TRIGGER PARAMETRIC DATA MANAGEMENT AND ASSOCIATED TRANSACTIONS," (Attorney Docket No. NPUI60-34144) and and / or priority, this application is hereby incorporated by reference in its entirety. technical field [0003] The disclosed subject matter relates to methods and systems for managing a plurality of parametric data that Includes, but is not limited to, data related to weather events such as tropical storms, cyclones, and hurricanes. Background technique [0004] Devices such as anemometers for measuring wind speed are known, as are devices for recording wind speed data. Recorded wind speed data from these devices may be valuable in resolving insurance claims for storm damage. However, during periods of severe weather, or after severe storms, due to physical dam...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q40/00G06Q40/06G06Q40/08
CPCG06Q40/08G01W1/04G01W1/06G01W2203/00G01V1/01
Inventor 埃万·M·格拉斯曼布拉德利·I·迈耶
Owner NEW PARADIGM GRP LLC