System for dynamically calculating claim allocations

A computerized method to dynamically calculate workers' compensation insurance claim amounts, the method comprising:

• receiving information about a party potentially entitled to receive a stream of future payments in connection with the insurance policy;
• automatically calculating, by a computer processor of a present value calculation platform, a nominal value associated with the stream of future payments based at least in part on the information about the party potentially entitled to receive the stream of future payments and insurance risk factor data;
• automatically calculating, by the computer processor of the present value calculation platform, a discount value, wherein reduction of the nominal value by the discount value results in a present value of the stream of future payments,
• automatically calculating, by the computer processor of the present value calculation platform, a portion of the discount value to be allocated to the insured, and
• transmitting an indication of the portion of the discount value to be allocated to the insured.

A system associated with an insurer, an insured, and a party potentially entitled to receive a stream of future payments in connection with an insurance policy, the system comprising:

• an insurance risk factor computer storage unit for receiving, storing, and providing insurance risk factor data;
• a processor in communication with the insurance risk factor computer storage unit, wherein the processor is configured for:
• receiving information about the party,
• automatically calculating a nominal value associated with the stream of future payments based at least in part on the information about the party and insurance risk factor data,
• calculating a discount value, wherein reduction of the nominal value by the discount value results in a present value of the stream of future payments,
• calculating a portion of the discount value to be allocated to the insured, and
• transmitting an indication of the portion of the discount value to be allocated to the insured.