Swiss Reinsurance Assigned Patent

By Targeted News Service

ALEXANDRIA, Va., March 26 -- Swiss Reinsurance, Zurich, Switzerland, has been assigned a patent (8,398,406) developed by Joel Kim Prather, Linwood, Kan., and David Russell Rasmussen, Leawood, Kan., for "systems and methods for auditing auditable instruments."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "Methods and associated systems for automated auditing of agreements. Questions relevant to qualitative and quantitative measures of an agreement relative to selected criteria are retrieved from an audit template along with associated answer options. The questions and answer options are presented to a user and user input received to provide answers to the questions. An audit score is generated to measure a degree of compliance of the agreement with the selected criteria. Scores may be presented for individual questions, or may be aggregated for groups or categories of questions. Scores may be compared to desired threshold values and suggestions to improve the score may be provided. Summary presentations of questions and answers or categories of questions and answers may be presented to monitor compliance over a number of such audits."

The patent application was filed on Aug. 7, 2003 (10/637,068). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,398,406&OS=8,398,406&RS=8,398,406

Written by Satyaban Rath; edited by Hemanta Panigrahi.

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