Dynamically triggered insurance system based on a floating recoverable basis and corresponding method

摘要

Proposed are a system and a method for a dynamically triggered risk-transfer system based on an automatically steered, floating recoverable basis. The system triggers coupled first and second insurance systems providing self-sufficient risk protection for a variable number of defined risk exposure components. In the case of the occurrence of one of the defined risk events, the occurred loss is automatically covered by the first insurance system. A first trigger module triggers a variable loss ratio parameter via an alterable loss ratio threshold value, wherein the trigger system comprises an aggregation module for automatically aggregating captured loss parameters of the measured occurrence of risk events over all risk exposure components within a predefined time period by incrementing an associated stored aggregated loss parameter and for automatically aggregating the received and stored first payment parameters over all risk exposure components within the predefined time period by incrementing an associated stored, aggregated payment parameter, and wherein the variable loss ratio parameter is generated dynamically based upon the ratio of the aggregated loss parameter and the aggregated payment parameter. Triggering the variable loss ratio parameter exceeding said loss ratio threshold value, a second trigger module of the trigger system is activated, wherein a floating activation value is dynamically set to the value of the variable loss ratio parameter subject to the aggregated loss parameter. The floating activation value is triggered by means of an adjustable minimum activation threshold trigger. If said floating activation value exceeding the minimum activation threshold trigger is triggered, the second insurance system is automatically activated by transferring activation signaling by means of the system to the second insurance system covering, upon activation, said adopted portion of risk exposures accumulated by the first insurance system.