RISK-TRANSFER CONFIGURATOR AND SIMULATION ENGINE PROVIDING FORWARD- AND BACKWARD-LOOKING MEASURES FOR STEERING AND ADJUSTMENTS OF RISK-DRIVEN PORTFOLIOS OF UNDERWRITING OBJECTS AND METHOD THEREOF

摘要

A simulation device is provided for automated prediction of impact measures based on occurrences of physical events. The simulation device includes a plurality of sensors and circuitry configured to detect the occurrences of the physical events based on predefined event parameters, measure impacts of the physical events on a physical object based on impact parameters, dynamically capture characteristics of the physical object and generate characteristics parameters based on the captured characteristics, identify a plurality of records associated with predefined events impacting the physical object and transfer the records to a portfolio, generate a rate value based on the predefined event parameters and the characteristics parameters, and estimate a cost for transferring a record, and dynamically provide forward- and backward-looking impact measures based on at least one of (i) a variation of the rate value and (ii) the portfolio including the plurality of records.