Pension Transaction Platform
AssigneeMercer (US) Inc.
InventorsRichard McEvoy, Aikaz Makarovskiy, Rachel Wheeler, Leah Evans
Life of this patent
Estimating the term…
Abstract
A buyout management system includes a buyout processor to prepare a sponsor to conduct a buyout transaction and enable the sponsor to execute the buyout transaction upon the determination that the time is appropriate to do so. The buyout processor generates a readiness metric by applying a readiness ruleset to sponsor attributes. Using the readiness metric, an obtained quote from an insurer and attributes associated with the insurer, the buyout processor can generate a transaction readiness level that is compared to trigger thresholds. Upon the transaction readiness level meeting the trigger threshold, the buyout processor executes the buyout transaction.
Claims12
A pension management system comprising:
- a sponsor database storing sponsor attributes associated with a sponsor;
- a insurer database storing insurer attributes associated with a insurer;
- a buyout processor programmed to:
- instantiate a readiness metric for the sponsor based on the sponsor attributes according to a readiness ruleset;
- receive a quote from the insurer, the quote generated based on at least some of the sponsor attributes;
- derive a transaction readiness level as a function of the readiness metric, the quote and the insurer attributes;
- and
- in response to the transaction readiness level meeting a trigger threshold, process a buyout transaction between the sponsor and the insurer.
Dependencies are inferred from the claim text.