System and method to generate risk relationship package using a flexible structure framework

A computerized risk relationship package creation method implemented via a back-end application computer server, comprising:

• accessing, by the back-end application computer server, a risk relationship package data store that contains electronic records, each electronic record representing a risk relationship package between an enterprise and an entity, and including, for each risk relationship package, an electronic record identifier and an overall attribute value;
• transmitting, from the back-end application computer server to a remote device associated with the entity, a set of potential types of risk coverage based on information in an available type of risk coverage data store;
• receiving, from the remote device, an indication of a selected subset of the potential types of risk coverage;
• based on the received indication and a pre-determined rule, generating a risk relationship package for the entity using a flexible structure framework;
• calculating an overall attribute value for the generated risk relationship package based on an attribute algorithm such that at least one reduction to the overall attribute value is applied based on an amount associated with the selected subset;
• and
• creating a new electronic record in the risk relationship package data store, including the calculated overall attribute value.

A non-transitory, computer-readable medium storing instructions, that, when executed by a processor, cause the processor to perform a risk relationship package creation method implemented via a back-end application computer server, the method comprising:

• accessing, by the back-end application computer server, a risk relationship package data store that contains electronic records, each electronic record representing a risk relationship package between an enterprise and an entity, and including, for each risk relationship package, an electronic record identifier and an overall attribute value;
• transmitting, from the back-end application computer server to a remote device associated with the entity, a set of potential types of risk coverage based on information in an available type of risk coverage data store;
• receiving, from the remote device, an indication of a selected subset of the potential types of risk coverage;
• based on the received indication and a pre-determined rule, generating a risk relationship package for the entity using a flexible structure framework;
• calculating an overall attribute value for the generated risk relationship package based on an attribute algorithm such that at least one reduction to the overall attribute value is applied based on an amount associated with the selected subset;
• and
• creating a new electronic record in the risk relationship package data store, including the calculated overall attribute value.