Insurance Placement Object Model for Real-Time Coverage Structuring

Resolve Bottlenecks,
Find Innovative SolutionsGenerate Solutions

Solution Overview

Problem

Existing graphical tools for insurance and reinsurance placement are cumbersome and lack real-time updating capabilities, struggling to handle complex placements involving multiple insurers, varying terms and conditions, and large numbers of policies, leading to inefficiencies in comprehension and integration between placement and claims submission.

Innovation Solution

A graphical user interface (GUI) system that supports nested tower structures, coverage assembly from terms and conditions, iteration during placement, and time element coverages, using object-oriented database (OODB) schemas to facilitate the creation and management of complex insurance and reinsurance programs, enabling real-time tracking and dynamic restructuring of placements.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If existing graphical tools are used for insurance placement, then the interface is simple, but the system cannot handle complex placements involving multiple insurers and varying terms effectively

Engineering Contradiction:

Improvecapability to handle complex placementsVSAvoidsystem complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The system segments complex insurance placements into hierarchical components including towers, layers, and coverage units. Each placement is divided into discrete manageable objects that can be individually configured, manipulated, and tracked, enabling the system to handle complex multi-insurer placements while maintaining organizational clarity.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The system implements nested hierarchical structures where towers contain layers, layers contain coverage units, and coverage units contain specific terms and conditions. This nesting approach allows the system to manage complex placements by organizing elements at multiple levels of abstraction, where each level can be independently configured and manipulated.

Inventive Principle:

Principle #7Nested doll (Nesting)

2Productivity

If manual methods are used for placement management, then the system is simple, but real-time tracking and updating capabilities are lacking

Engineering Contradiction:

Improvereal-time tracking capabilityVSAvoidsystem complexity

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The system implements dynamic, real-time tracking of placement structures through an interactive graphical interface. Users can manipulate tower and layer configurations in real-time, with the system automatically updating coverage calculations, premium projections, and exposure analysis as changes are made, enabling productive real-time decision-making.

Inventive Principle:

Principle #15Dynamics

Solution Approach 2:

The system provides continuous feedback during placement management by automatically calculating and displaying coverage amounts, premium estimates, and exposure metrics as users configure towers and layers. This real-time feedback enables users to understand the impact of configuration changes immediately, improving productivity in placement decision-making.

Inventive Principle:

Principle #23Feedback

3Manufacturing precision

If comprehensive placement structures are created, then coverage accuracy is improved, but comprehension and integration between placement and claims submission deteriorate

Engineering Contradiction:

Improvecoverage structuring accuracyVSAvoidcomprehension ease

Core Design Contradiction:

Manufacturing precisionVSEase of operation

Solution Approach 1:

The system adds visual-dimensional representation to complex placement structures through graphical interfaces that display towers and layers in spatial arrangements. This visual dimension transforms abstract hierarchical data into intuitive graphical representations, improving comprehension while maintaining precise coverage structuring through the underlying data model.

Inventive Principle:

Principle #17Another dimension (Dimensionality change)

Solution Approach 2:

The system creates visual copies and representations of complex placement structures in the graphical interface that mirror the actual data structure. Users interact with visual representations of towers, layers, and coverage units that accurately reflect the underlying placement data, making complex structures comprehensible while maintaining precision.

Inventive Principle:

Principle #26Copying

Data Source

PatentUS12493913B2Database system and object manipulation representing automated structuring of coverage, expected losses and premiums

Publication Date: 2025.12.09 ONRISK INC

AI summary

The technology disclosed relates to manipulating and visualizing database objects that represent layers and parts of layers in insurance or other risk transfer programs. Disclosed is graphically creating placement objects, maintaining a database of objects that can be linked in trees, with policy objects linked to respective proposal objects, and coverage objects linked to the proposal objects and the policy objects. A GUI represents a placement using objects, with metadata that describes objects' statuses, with groups of objects properly nested and linked in the database of objects. User selection of a displayed first object and mode control initiates creation of second objects linked to the first object and, opening of a panel that scales the selected first object to fit the panel and allows the user to add nested second objects, by drawing an added object or entering metadata for the added object, with consistent metadata constrained with the nesting.