Method for underwriting multinational insurance business in accordance with national and international laws
AssigneeZurich Insurance Company Ltd.
InventorsMartin Strnad, Mark Hetherington, Andrew Gitsham, Jude Buckley, Urs Lüthy
Life of this patent
Estimating the term…
Abstract
A method for providing insurance, which includes steps of issuing a first insurance policy covering risk disposed in one or more different countries, determining if one or more of the countries prohibit insurance issued by foreign insurers, and subsequently issuing one or more additional insurance policies, if such insurance is prohibited. The additional insurance policies may be issued in each country, or for groups of countries.
Claims33
A computer implemented method for providing insurance, comprising the steps of:
- implementing on a computer system at least one first insurance agreement covering at least one risk disposed in plurality of geographic areas;
- determining on the computer system if at least one of the plurality of geographic areas prohibit insurance issued by an insurer which is not disposed within one of the plurality of geographic areas;
- and implementing on the computer system at least one second insurance agreement if at least one of the plurality of geographic areas prohibit insurance issued by an insurer which is not disposed within one of the plurality of geographic areas.
A computer-implemented method for providing insurance, comprising the steps of:
- implementing on a computer system at least one first insurance agreement covering at least one risk disposed in one or more countries determining on the computer system if at least one of the one or more countries prohibit insurance issued by an insurer which is not disposed within one of the one or more countries;
- and, implementing on the computer system at least one second insurance agreement if at least one of the one or more countries prohibit insurance issued by an insurer which is not disposed within one of the one or more countries, wherein the step of implementing on a computer system at least one first insurance agreement comprises the steps of:
- determining a first country of risk;
- determining if the first country of risk permits insurance from an insurer based in a second country;
- and including the first country of risk on the at least one first insurance agreement, if the first country:
- of risk permits insurance from an insurer based in the second country.
A computer readable medium having embodied therein a computer program for processing by a machine, the computer program comprising:
- a first code segment for permitting the implementation of at least one first insurance agreement covering at least one risk disposed in plurality of geographic areas;
- a second code segment for determining if at least one of the plurality of geographic areas prohibits insurance issued by an insurer which is not disposed within one of the plurality of geographic areas;
- and, a third code segment for implementing at least one second insurance agreement if at least one of the plurality of geographic areas prohibits insurance issued by an insurer which is not disposed within one of the plurality of geographic areas.
A computer readable medium having embodied therein a computer program for processing by a machine, the computer program comprising:
- a first code segment for permitting the implementation of at least one first insurance agreement covering at least one risk disposed in one or more countries;
- a second code segment for determining if at least one of the one or more countries prohibits insurance issued by an insurer which is not disposed within one of the one or more countries;
- and, a third code segment for implementing at least One second insurance agreement if at least one of the one or more countries prohibits insurance issued by an insurer which is:
- not disposed within one of the one or more countries, wherein the first code Segment includes code for determining a first country of risk;
- determining if the first country of risk permits insurance from an insurer based in a second country;
- and, including the first country of risk on the at least one first insurance agreement, if the first country of risk permits insurance from an insurer based in the second country.
Dependencies are inferred from the claim text.