Unlock instant, AI-driven research and patent intelligence for your innovation.

Systems, methods, and platform for catastrophic loss estimation

A catastrophic, user-friendly technology, applied to the application of logos in this common field, can solve problems such as property damage and mortgage default

Pending Publication Date: 2021-04-02
AON GLOBAL OPERATIONS LTD SINGAPORE BRANCH
View PDF2 Cites 0 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Since many properties have mortgages, catastrophic events can result not only in physical damage to the property, but also in the event of a mortgage default when the cost of physical damage reduces the value or equity position of the property. increased risk
Due to the complexity of the calculations performed on large amounts of data, it can be difficult for mortgage brokers and insurance providers to efficiently and timely determine exposures to mortgage defaults due to catastrophic events

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Systems, methods, and platform for catastrophic loss estimation
  • Systems, methods, and platform for catastrophic loss estimation
  • Systems, methods, and platform for catastrophic loss estimation

Examples

Experimental program
Comparison scheme
Effect test

Embodiment Construction

[0021] The following description, presented in conjunction with the accompanying drawings, is intended as a description of various illustrative embodiments of the disclosed subject matter. Specific features and functions are described in conjunction with each illustrative embodiment; however, it will be apparent to those skilled in the art that the disclosed embodiments can be practiced without each of those specific features and functions.

[0022] Throughout this specification, reference to "one embodiment" or "an embodiment" means that a particular feature, structure, or characteristic described in connection with the embodiment is included in at least one embodiment of the disclosed subject matter. Thus, appearances of the phrases "in one embodiment" or "in an embodiment" in various places throughout the specification are not necessarily referring to the same embodiment. Furthermore, the particular features, structures or characteristics may be combined in any suitable man...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

In an illustrative embodiment, systems and methods for assessing mortgage default risk due catastrophic event occurrences include receiving a loss determination query for a location, including a request for an assessment of mortgage default risk for properties within the location related to a type of catastrophic event. Estimated losses for the properties due to catastrophic event occurrences maybe calculated from catastrophic risk models for the type of catastrophic event, and risk of mortgage default for the properties may be determined based on a comparison of the estimated losses to property equity variables such to an equity position, property value, and unpaid mortgage principal balance. A loss estimation user interface may be generated in real-time to present the estimated losses and the risk of mortgage default for the location.

Description

[0001] related application [0002] This application claims priority to U.S. Provisional Patent Application Serial No. 62 / 679,188, filed June 1, 2018, entitled "Systems, Methods, and Platform for Catastrophic Loss Estimation." [0003] This application is related to the following prior patent application for catastrophic risk estimation and management: U.S. Patent Application Serial No. 13 / 804,505, filed March 14, 2013, entitled "Computerized System and Method for Defining Flood Risk" and U.S. Serial No. 15 / 460,985, filed March 16, 2017, entitled "Systems and Methods for Performing Real-Time Convolution Calculations of Matrices Indicating Amounts of Exposure." All applications identified above are hereby incorporated by reference in their entirety. Background technique [0004] The technology relates to computational systems for quantifying the risk of mortgage default on properties damaged by the occurrence of natural or man-made catastrophic events (eg, tornadoes, hurricane...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
IPC IPC(8): G06F16/20G06Q10/04G06Q40/02G06Q50/16
CPCG06Q40/08G06F3/0482G06Q40/03G06F16/909G06F16/9035
Inventor A.迈耶斯
Owner AON GLOBAL OPERATIONS LTD SINGAPORE BRANCH