Critical injury insurance systems and methods

A process for determining insurance premiums defining monetary benefits payable to asymptomatic claimants upon future emergence of at least one critical injury, comprising:

• A) electronically loading asymptomatic claimant risk classification data for each of the claimants;
• B) automatically selecting one or more mortality tables based on the data;
• C) electronically determining mortality rates from the mortality tables;
• D) automatically selecting one or more critical injury table based on the data;
• E) electronically determining critical injury incidence rates from the critical injury tables;
• F) electronically processing, for each of the claimants, first durational probabilities of surviving without emergence of the critical injury from a present date to each future insurance coverage year end;
• G) electronically multiplying, for each of the claimants, the first durational probabilities by the critical injury incidence rates to determine second durational probabilities of critical injury emergence in future insurance coverage years;
• H) electronically multiplying, for each of the claimants, the defined monetary benefits by the second durational probabilities to determine expected payments of the defined monetary benefits;
• I) electronically discounting, for each of the claimants, the expected payments for interest to determine net insurance cost on a present value basis;
• and
• J) electronically aggregating the net insurance costs for all claimants to determine a total premium price.