Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Insurance
Reexamination Certificate
2006-07-18
2006-07-18
Thomas, Joseph (Department: 3626)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Insurance
Reexamination Certificate
active
07080020
ABSTRACT:
An interactive system and method of selling reinsurance involves preliminary steps of enrolling a plurality of primary insurers or cedents to use the system, formulating reinsurance proposals to make available to the cedents through the interactive system, posting the proposals on a secure server in the system and calculating and allocating risk capacity to the proposals and cedents. Each cedent is provided secure access to a list of proposals being made available to it. Upon selection and submission of a proposal by a cedent, the system server generates an acceptance notice, transfers the information on the proposal to a listing of agreements entered into by that cedent, recalculates the available allocated capacity and withdraws from availability any proposals whose acceptance would reduce the available allocated capacity below a selected amount.
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Bestwire, Nov. 12, 1999, CNA Life Re Pilots Online System for Direct Writers and Reinsurance.
Greg MacSweeney, Dec. 1999, Reinsurance goes virtual at General Life; vol. 24, Issue 13 p. 19.
Best's Review Life/Health Edition, Dec. 1999, CNA Life Re Pilots Online System for Direct Writers and Reinsurance (CNA Life Re launches new online system enabling life insurance direct writers to shop online for faculative reinsurance);V 100, N 8, p. 91.
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Armstrong Teasdale LLP
Employers Reinsurance Corporation
Morgan Robert W.
Thomas Joseph
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