# US 2018/0322584 A1 · Platform for live issuance and management of cyber insurance policies

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- Number: US 2018/0322584 A1
- Document ID: US20180322584A1
- Status: Published application
- Kind: A1
- Application number: 15/911,117
- Filed: 2018-03-04
- Published: 2018-11-08
- Earliest claimed: 2015-10-28
- Assignees: Qomplx LLC
- Applicants: Fractal Industries, Inc.
- Inventors: Jason Crabtree; Andrew Sellers
- Web page: https://patentgrep.com/patent/US20180322584A1

## CPC

- G06Q 40/08: Insurance
- G06F 16/951: Indexing; Web crawling techniques
- G06F 16/9532: Query formulation
- G06N 5/022: Knowledge engineering; Knowledge acquisition
- G06N 5/045: Explanation of inference; Explainable artificial intelligence [XAI]; Interpretable artificial intelligence
- G06N 5/046: Forward inferencing; Production systems
- G06N 20/00: Machine learning
- G06Q 30/0202: Market predictions or forecasting for commercial activities
- G06Q 30/0611: {Request for offers or quotes}
- G06N 3/006: based on simulated virtual individual or collective life forms, e.g. social simulations or particle swarm optimisation [PSO]
- G06N 3/02: Neural networks
- G06N 7/01: Probabilistic graphical models, e.g. probabilistic networks
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06F: ELECTRIC DIGITAL DATA PROCESSING (computer systems based on specific computational models G06N)
- G06N: COMPUTING ARRANGEMENTS BASED ON SPECIFIC COMPUTATIONAL MODELS

## Abstract

A system for autonomous issuance and management of insurance policies for computer and information technology related risks, including but not limited to business losses due to system availability, cloud computing failures, current and past data breaches, and data integrity issues. The system will use a variety of current risk information to assess the likelihood of business interruption or loss due to both accidental issues and malicious activity. Based on these assessments, the system will be able to autonomously issue policies, adjust premium pricing, process claims, and seek re-insurance opportunities with a minimum of human input.

## Claims

### Claim 1

A system for autonomous issuance and management of insurance policies for business interruption and losses associated with computer and technology related risks, comprising:
a deep web extraction engine comprising a memory, a processor, and a plurality of programming instructions stored in the memory thereof and operable on the processor thereof, wherein the programmable instructions, when operating on the processor, cause the processor to gather data about a plurality of potential risks related to use to computer and information technology;
a cyber risk analysis engine comprising a memory, a processor, and a plurality of programming instructions stored in the memory thereof and operable on the processor thereof, wherein the programmable instructions, when operating on the processor, cause the processor to analyze the likelihood of business interruption or loss from a plurality of computer and information technology related risks;
a network-connected server comprising a memory, a processor, and a plurality of programming instructions stored in the memory thereof and operable on the processor thereof, wherein the programmable instructions, when operating on the processor, cause the processor to provide a portal for clients to manage their insurance policies; and
an automated underwriting processor comprising a memory, a processor, and a plurality of programming instructions stored in the memory thereof and operable on the processor thereof, wherein the programmable instructions, when operating on the processor, cause the processor to:
create a contract block by compiling the request into a computational graph-based format; link the contract block to the requester;
store the contract block into memory;
retrieve a plurality of available underwriting agreements from memory; and
create an offer list by perform computational graph operations on the contract block to determine at least a risk-transfer agreement based at least on calculated risk associated with the request, contextual consideration of an existing contract portfolio, and the plurality of available underwriting agreements;
wherein the offer list is returned to the network-connected server to be presented to the requester.

### Claim 2 (depends on 1)

The system of claim 1, wherein at least a term and a condition of an offer are added to the contract block after the requester agrees to the terms of an offer from the offer list.

### Claim 3 (depends on 2)

The system of claim 2, further comprising a claims processor comprising a memory, a processor, and a plurality of programming instructions stored in the memory thereof and operable on the processor thereof, wherein the programmable instructions, when operating on the processor, cause the processor to:
receive a claim request from an insured;
retrieve a contract block linked to the insured;
process the claims request to determine a payout amount based at least on a term and a condition stored in the graph-based dataset; and
process the payout amount using a billing and payments manager.

### Claim 4 (depends on 1)

The system of claim 1, wherein at least a portion of the information contained in the contract block is risk characterization of the contract block, allowing external operations to be peril-agnostic and model-agnostic.

### Claim 5

A method for autonomous management of risk transfer, comprising the steps of:
(a) providing a network-connected portal for clients to manage their insurance policies;
(b) gathering a variety of data from about a plurality of potential risks related to use to computer and information technology;
(c) analyzing the likelihood of business interruption or loss from a plurality of computer and information technology related risks;
(d) creating a contract block by compiling the request into a computational graph-based format, with an automated underwriting processor;
(e) linking the contract block to the requester, with the automated underwriting processor;
(f) storing the contract block into memory, with the automated underwriting processor;
(g) retrieving a plurality of available underwriting agreements from memory, with the automated underwriting processor;
(h) creating an offer list by perform computational graph operations on the contract block to determine at least a risk-transfer agreement based at least on calculated risk associated with the request, contextual consideration of an existing contract portfolio, and the plurality of available underwriting agreements, with the automated underwriting processor; and
(i) presenting the offer list to the requester, with the network-connected server.

### Claim 6 (depends on 5)

The method of claim 5, wherein at least a term and a condition of an offer are added to the contract block after the requester agrees to the terms of an offer from the offer list.

### Claim 7 (depends on 6)

The method of claim 6, further comprising the steps of:
receiving a claim request from an insured;
retrieving a contract block linked to the insured;
processing the claims request to determine a payout amount based at least on a term and a condition stored in the graph-based dataset; and
processing the payout amount using a billing and payments manager.

### Claim 8 (depends on 5)

The method of claim 5, wherein at least a portion of the information contained in the contract block is risk characterization of the contract block, allowing external operations to be peril-agnostic and model-agnostic.