Reinsurance Structure Visualization for Real-Time Program Analysis

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Solution Overview

Problem

Existing systems require extensive time and human actuarial input to construct and analyze reinsurance structures, and there is no real-time capability for a single user to create and evaluate multiple reinsurance programs based on historical data.

Innovation Solution

A graphical user interface allows users to intuitively construct and modify insurance/reinsurance structures in real-time, using historical data and actuarial data without actuarial intervention, and securely submit and track auctions without manual data transfer, employing cloud-based systems with actuarial computation engines and standardized data APIs.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Loss of time

If traditional spreadsheet-based methods are used to construct and analyze reinsurance structures, then data can be stored and manipulated, but extensive time and human actuarial input are required for construction and analysis

Engineering Contradiction:

Improveconstruction and analysis timeVSAvoiduser operation complexity

Core Design Contradiction:

Loss of timeVSEase of operation

Solution Approach 1:

The patent replaces manual spreadsheet-based mechanical operations with an automated computational system that uses algorithms and data processing engines to construct and analyze reinsurance structures. The system automatically processes historical data, performs actuarial calculations, and generates visualizations without requiring manual intervention for each analytical step.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system enables self-service by allowing users to input parameters and receive automated analysis results without requiring expert actuarial knowledge. The computational engine autonomously performs complex calculations, data processing, and structure optimization, making the system usable by non-experts while maintaining high analytical quality.

Inventive Principle:

Principle #25Self-service

2Productivity

If real-time evaluation capability is implemented, then multiple reinsurance programs can be analyzed instantly, but system complexity and computational requirements increase

Engineering Contradiction:

Improveevaluation speedVSAvoidsystem complexity

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The system performs preliminary actions by pre-processing historical data, pre-calculating actuarial parameters, and pre-configuring analysis models before real-time evaluation is needed. This preparation work is done offline or in advance, so that when real-time analysis is required, the system can quickly combine pre-computed elements with new inputs to generate results instantly.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The complex analysis system is segmented into modular functional components including data processing modules, calculation engines, visualization generators, and comparison tools. Each module handles a specific aspect of the analysis independently, allowing parallel processing and reducing overall system complexity while enabling real-time performance through efficient resource utilization.

Inventive Principle:

Principle #1Segmentation

3Adaptability or versatility

If non-actuarial users are enabled to create and analyze structures, then user accessibility improves, but accuracy and reliability of analysis may deteriorate

Engineering Contradiction:

Improveuser accessibilityVSAvoidanalysis accuracy

Core Design Contradiction:

Adaptability or versatilityVSReliability

Solution Approach 1:

The system introduces an intermediary computational engine that acts as a mediator between non-expert users and complex actuarial analysis. Users interact with simplified interfaces and provide high-level parameters, while the intermediary engine translates these inputs into professionally-grade actuarial calculations, ensuring accuracy is maintained despite user inexperience.

Inventive Principle:

Principle #24Intermediary (Mediator)

Solution Approach 2:

The system changes parameters by automatically adjusting technical actuarial parameters based on user-friendly inputs. Non-expert users specify business requirements in plain language or simple terms, and the system automatically converts these into appropriate actuarial parameters, calculation methods, and analysis settings, maintaining reliability while improving accessibility.

Inventive Principle:

Principle #35Parameter changes

Data Source

PatentUS12488398B1Systems and methods for custom and real-time visualization, comparison and analysis of insurance and reinsurance structures

Publication Date: 2025.12.02 LOCKTON RE LLC

AI summary

Computing systems and methods of visually creating and visually analyzing proposed insurance or reinsurance constructs by providing an overall insurance or reinsurance structure creation and analysis system that includes an insurance/reinsurance visual design structure interface displayed to a user on a design construction user interface display presented to a user via a display of a user computing device having a user input device and the display having a plurality of coverage layer types visually illustrated on the design construction user interface display outside of a graphical diagram. The graphic diagram depicts at least one rectangular-shaped coverage structure layer that creates a proposed insurance or reinsurance construct and corresponds to one of the plurality of coverage layer types visually illustrated on the design construction user interface display outside of the graphical diagram.