Patent Issued for User-modifiable interactive display of placement channel and status data (USPTO 11657457): OnRisk Inc.

2023 JUN 14 (NewsRx) -- By a News Reporter-Staff News Editor at Information Technology Business Daily -- OnRisk Inc. (Princeton, New Jersey, United States) has been issued patent number 11657457, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors.

The patent’s inventors are Collins, Christopher (Shoreview, MD, US), Kelley, John Arthur Daves (Palo Alto, CA, US), Sweeney, Francis Joseph (Pennington, NJ, US).

This patent was filed on March 19, 2020 and was published online on May 23, 2023.

From the background information supplied by the inventors, news correspondents obtained the following quote: “The subject matter discussed in this section should not be assumed to be prior art, as the only information provided relates to the field of technology. Similarly, a problem mentioned in this section or associated with the subject matter provided as background should not be assumed to have been previously recognized in the prior art. The subject matter in this section merely represents different approaches, which in and of themselves may also correspond to implementations of the claimed technology.

“The technology disclosed provides systems and methods that allow a knowledgeable user to modify interactively the display of database objects representing entities, placement channels and workflow status. Specially coded trees and graphs of nodes represent the overall flow and, optionally, status of placement workflows. A knowledgeable user can quickly understand, from the disclosed new display type, an overall workflow status, assess alternative placement strategies, and modify the display of such database objects interactively.”

Supplementing the background information on this patent, NewsRx reporters also obtained the inventors’ summary information for this patent: “A simplified summary is provided herein to help enable a basic or general understanding of various aspects of exemplary, non-limiting implementations that follow in the more detailed description and the accompanying drawings. This summary is not intended, however, as an extensive or exhaustive overview. Instead, the sole purpose of this summary is to present some concepts related to some exemplary non-limiting implementations in a simplified form as a prelude to the more detailed description of the various implementations that follow.

“The disclosed method includes generating node and edge data for display that depicts multiple risk placements on behalf of at least one requesting party through intermediaries to responding parties. In a distribution tree display, a requesting party is depicted as a requesting party node in a first region. At least two intermediaries are depicted as intermediary nodes in a second region adjoining the first region. The requesting party node is graphically connected by edges with the intermediary nodes. At least two responding parties are depicted as responding party nodes in a third region adjoining the second region and spaced apart from the first region; and the intermediary nodes are graphically connected by edges with the responding party nodes to depict relationships between the intermediaries and respective responding parties. Requesting parties sometimes communicate with the responding parties through the intermediary brokers. Another geo-coded map display also depicts as nodes a requesting party, intermediaries and responding parties, connected by edges that coincide with communication channels.

“The disclosed technology includes edge annotation data generated for display: line width of the edges can represent calculated relative size of placements. Pattern, style, and color of edges can depict statuses of the risk placements through the intermediaries and with the responding parties. The disclosed technology includes transmitting the resulting node and edge data and the edge annotation data to a user device for display.

“The technology disclosed includes a tangible computer readable storage medium that stores program instructions for graphically displaying distribution through placement channels for multiple placements, including representing multiple risk placements in a multi-tiered data model of one or more requesting parties, multiple intermediaries, and multiple responding parties in a first tier, with one or more of the responding parties that assume risk being treated, in a second tier, as requesting parties for a ceded risk.

“The disclosed data model tracks risk placement parameters that specify amounts of risk ceded by at least some of responding parties to second tier responding parties; and the data model tracks status of the risk placements in the first tier.”

The claims supplied by the inventors are:

“1. A non-transitory computer readable storage medium that stores program instructions that, when executed on hardware, implement actions for graphically displaying distribution through placement channels of multiple placements, the implementation including: representing multiple risk placements in a multi-tiered data model of one or more requesting parties, multiple intermediaries, and multiple responding parties in a first tier, with one or more of the responding parties that assume risk being treated, in a second tier, as requesting parties for a ceded risk, wherein: the data model tracks risk placement parameters that specify amounts of risk ceded by at least some of responding parties to second tier responding parties; and the data model tracks status of the risk placements in the first tier; generating node and edge data for display that depicts multiple risk placements on behalf of at least one requesting party through intermediaries to responding parties, wherein, in a first tier: the requesting party is depicted as a requesting party node in a first region; at least two intermediaries are depicted as intermediary nodes in a second region adjoining the first region; the requesting party node is graphically connected by edges with the intermediary nodes; at least two responding parties are depicted as responding party nodes in a third region adjoining the second region and spaced apart from the first region; and the intermediary nodes are graphically connected by edges with the responding party nodes to depict relationships between the intermediaries and respective responding parties who communicate through the intermediaries; further generating edge annotation data for display, wherein the edge annotation: calculates magnitudes or pricing of the risk placements and scales line width of the edges through the intermediaries and with the responding parties based on calculated magnitudes or pricing; and codes the edges to depict statuses of the risk placements through the intermediaries and with the responding parties; and transmitting the node and edge data and the edge annotation data for display to a user device.

“2. The non-transitory computer readable storage medium of claim 1, wherein at least one of the responding parties in a second tier reinsures a responding party in the first tier and a reinsurance relationship is depicted by one or more edges connecting the first tier responding party to the second tier responding party reinsurer.

“3. The non-transitory computer readable storage medium of claim 1, further including responding to user input requesting display of line width coding, but not risk placement status coding, by suppressing display of the risk placement status coding.

“4. The non-transitory computer readable storage medium of claim 1, further including responding to user input requesting display of risk placement status coding, but not by line width coding, by suppressing display of the line width coding.

“5. The non-transitory computer readable storage medium of claim 1, further including, upon addition of an added node to the data model of requesting parties, intermediaries, and responding parties, causing rearrangement of positions of the nodes in the data for display without a user input specifying a location in the display where the added node should appear.

“6. The non-transitory computer readable storage medium of claim 1, further including representing in the data for display multiple lines of risk placement for multiple types of insurance for a single requesting party.

“7. The non-transitory computer readable storage medium of claim 1, further including two or more stack structure nodes between the requesting party and at least one intermediary; wherein: a stack data structure corresponding to a particular stack structure node stores data regarding responding parties for one type of insurance and coverage provided by the responding parties in the multiple risk placements; multiple stack data structures and stack structure nodes correspond to the multiple lines of risk placement for multiple types of insurance; the stack data nodes are depicted in the first or the second region; and each of the stack data nodes is connected by edges to at least one requesting party and to one or more intermediaries.

“8. The non-transitory computer readable storage medium of claim 1, wherein there are at least two requesting parties in the first tier.

“9. A computer-implemented method of graphically displaying distribution through placement channels for multiple placements, the method including: representing using a computer processor multiple risk placements in a recursive data model of one or more requesting parties, multiple intermediaries, and multiple responding parties in a first tier, with one or more of the responding parties that assume risk being recursively treated as requesting parties in one or more subsequent tiers, wherein: the data model tracks risk placement parameters that specify amounts of risk being placed with responding parties and, recursively, reflect ceding of risk from at least some of the responding parties to subsequent tier responding parties; and the data model tracks status of the risk placements in the first tier; generating by the computer processor node and edge data for display that depicts multiple risk placements on behalf of at least one requesting party through intermediaries to responding parties, wherein, in a first tier: the requesting party is depicted as a requesting party node in a first region; at least two intermediaries are depicted as intermediary nodes in a second region adjoining the first region; the requesting party node is graphically connected by edges with the intermediary nodes; at least two responding parties are depicted as responding party nodes in a third region adjoining the second region and spaced apart from the first region; and the intermediary nodes are graphically connected by edges with the responding party nodes to depict relationships between the intermediaries and respective responding parties who communicate through the intermediaries; further generating by the computer processor edge annotation data for display, wherein the edge annotation data: codes line width of the edges to depict relative size of the risk placements through the intermediaries and with the responding parties; and codes the edges to depict statuses of the risk placements through the intermediaries and with the responding parties; and transmitting from the computer processor the node and edge data for display and the edge annotation data for display to a user device.

“10. The method of claim 9, further including representing status of the risk placements by distinct annotations to edges coded to include statuses pending, accepted, expired, and not-taken-up.

“11. The method of claim 9, further including a stack structure node between the requesting party and at least one intermediary, wherein a stack data structure corresponding to the stack structure node tracks data regarding responding parties and their position among the multiple risk placements, the stack structure node is depicted in the first or the second region, and the stack structure node is connected by edges to at least one requesting party and to one or more intermediaries.

“12. The method of claim 9, further including depicting second and subsequent tier nodes in fourth and subsequent regions outside the first, second and third regions.

“13. The method of claim 9, wherein there are at least two intermediaries in the first tier.

“14. A computer-implemented method of graphically displaying geographic redistribution of risk through placement channels for multiple placements to geographically designated responding parties, the method including: representing multiple risk placements in a multi-tiered data model of one or more requesting parties, multiple intermediaries, and multiple responding parties in a first tier, with one or more of the responding parties that assume risk being treated, in a second tier, as requesting parties for a ceded risk, wherein: the requesting parties, the multiple intermediaries, and the multiple responding parties are geographically designated for their respective locations on a map; the data model tracks risk placement parameters that specify amounts of risk ceded by at least some of responding parties to second tier responding parties; and the data model tracks status of the risk placements in the first tier; generating by a computer processor geo-coded node and edge data for display on a graphic user interface of a map that depicts multiple risk placements on behalf of at least one requesting party through intermediaries to responding parties, wherein, in a first tier: a requestor geographic designation of the requesting party is depicted as a geo-coded requesting party node on the map; at least two intermediaries are depicted as geo-coded intermediary nodes on the map; the requesting party node is graphically connected by edges with the intermediary nodes; at least two responding parties are depicted as geo-coded responding party nodes on the map; and the intermediary nodes are graphically connected by edges with the responding party nodes to depict relationships between the intermediaries and respective responding parties who communicate through the intermediaries; further generating by the computer processor edge annotation data for display, wherein the edge annotation data: codes line width of the edges to depict relative size of the risk placements through the intermediaries and with the responding parties; and codes the edges to depict statuses of the risk placements through the intermediaries and with the responding parties; and transmitting from the computer processor the node and edge data for display and the edge annotation data for display to a user device.”

There are additional claims. Please visit full patent to read further.

For the URL and additional information on this patent, see: Collins, Christopher. User-modifiable interactive display of placement channel and status data. U.S. Patent Number 11657457, filed March 19, 2020, and published online on May 23, 2023. Patent URL (for desktop use only): https://ppubs.uspto.gov/pubwebapp/external.html?q=(11657457)&db=USPAT&type=ids

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