METHOD AND SYSTEM FOR AUTOMATED LOCATION-DEPENDENT RECOGNITION OF STORM RISKS AND EXPOSURE-BASED PARAMETRIC RISK-TRANSFER
Patent №
US 10,296,981
Granted
2019-05-21
Filed 2016
Owner
SWISS REINSURANCE COMPANY LTD.
Lab
—
AI components
2
kr · planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
15265511
Proposed is a system and a method for a parametric risk transfer system based on automated location-dependent probabilistic tropical storm risk and storm impact forecast, wherein weather measuring parameters of weather events are measured by means of a plurality of delocalized distributed weather flow stations and transmitted to a central system, and wherein the measured weather measuring parameters at least comprise measuring parameters of wind speed and/or maximum wind speed within a predefined time frame. A spatial high-resolution grid comprising grid cells is generated over a geographical area of interest, and a wind field profile is dynamically generated, wherein by triggering an indexed wind field parameter of the wind field profile exceeding a predefined trigger, an output activation signal is generated based on the wind field parameter and transmitted to an associated activation device, wherein the operation of the activation device is steered by the transmitted output activation signal.
AI classification
Ownership
SWISS REINSURANCE COMPANY LTD.
assignment · 400720176
Assignors
KAPLAN, ALEXANDER SCOTT, LINKIN, MEGAN ELIZABETH
On an employer assignment, the assignors are typically the inventors.