Swiss Reinsurance Assigned Patent

By Targeted News Service

ALEXANDRIA, Va., July 16 -- Swiss Reinsurance, Zurich, Switzerland, has been assigned a patent (8,484,050) developed by five co-inventors for a "system and method for evaluating underwriting requirements." The co-inventors are Nancy J. Hoffman, Churubusco, Ind., Brian N. Ivanovic, Fort Wayne, Ind., C. Allen Pinkham IV, Fort Wayne, Ind., Diana M. Stabler, Fort Wayne, Ind., and Edward J. Wright, Fort Wayne, Ind.

The abstract of the patent published by the U.S. Patent and Trademark Office states: "A computer system and method for evaluating underwriting requirements, and for evaluating expected changes in mortality of an insurable class in response to changes in such requirements. In certain embodiments, the method and system involves storing data relating to the requirements, determining expected mortality using a first set of requirements, changing one or more of the requirements and predetermining expected mortality using the changed set of requirements and the stored data. In addition to evaluating proposed changes in underwriting requirements, the system and method may be used in the design and pricing of insurance products."

The patent application was filed on Nov. 5, 2004 (10/981,852). 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=8,484,050&OS=8,484,050&RS=8,484,050

Written by Satyaban Rath; edited by Hemanta Panigrahi.

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