SYSTEM AND METHOD FOR ISSUING AND MANAGING A PORTFOLIO OF CREDIT INSURANCE POLICIES

摘要

A system embodied as a credit insurance company (103) for calculating and generating credit insurance policies is connected in a data communication network (120) and comprises interfaces providing links to one or more market places (101) offering financial services to customers and lenders, to at least one external database (109) providing information relating to market place(s) to customers (107) and lenders (108) operating independently thereof, and to at least one settlement handling system (106). A method in the system comprises steps for receiving information from a market place, or an independent lender and relating to a customer applying for a loan, accessing information relating to the customer, determining a customer's borrowing capacity, issuing an umbrella credit insurance policy for an amount corresponding to the determined borrowing capacity, and determining terms relating to the issued policy.