Systems, Computer Implemented Methods, Geographic Weather-Data Selection Interface Display, and Computer Readable Medium Having Program Products to Generate User-Customized Virtual Weather Data and User-Customized Weather-Risk Products Responsive Thereto

摘要

Systems, computer implemented methods, and computer readable medium having program products are provided to customize by a user weather-risk products and to provide a customized weather-risk product to be purchased by user. Embodiments of a system include a tract-user computer having a display to display graphical user interfaces to a user and an input to receive user selections, the tract-user computer being connected to a communications network to receive graphical user interfaces and transmit user selections to a weather-risk product issuer computer. Embodiments of a system can also include a database to associate user selections with actuarial data, location data, and basis weather data and a weather-risk product issuer computer to transmit graphical user interfaces to the tract-user computer, receive user selections, and process user selections to generate virtual weather data and to generate weather-risk products.

主权项

1. A computer server to generate customized weather risk product for a selected geographic location, the computer server being positioned in communication with one or more weather-risk actuarial databases having weather-risk actuarial data associated therewith and one or more weather station databases having weather-station location data and weather-station historical data for each of a plurality of weather stations associated therewith, the computer server comprising:
one or more processors; non-transitory memory positioned in communication with the one or more processors to store one or more computer programs therein; one or more input/output units in communication with the one or more processors and the non-transitory memory to receive inputs thereto and to transmit outputs therefrom, the one or more input/output units being adapted to be in communication with the one or more weather-risk actuarial databases and the one or more weather station databases; computer program, defining a virtual weather-data generator, stored in the non-transitory memory and operable on the one or more processors, the virtual weather-data generator having a set of instructions that, when executed by the one or more processors, cause the one or more processors to perform the following operations:
generating virtual weather data responsive to a plurality of station-specific weather histories, each weather history of the plurality of station-specific weather histories being weighted by the user-selected weather-station weights for the respective weather-station and the corresponding weather readings for the respective weather-station; and computer program, defining a weather-risk-product generator, stored in the non-transitory memory and operable on the one or more processors, the weather-risk-product generator having a set of instructions that, when executed by the one or more processors, cause the one or more processors to perform the following operations:
generating a weather-risk selection interface to display on one or more displays of one or more remote computer devices, thereby to allow for the selection of a plurality of user-selected weather-risk parameters,determining the timeframe-specific virtual weather data responsive to the virtual weather data and one or more of a plurality of user selected weather-risk parameters,determining a plurality of customized contract terms responsive to the user selected weather-risk parameters and timeframe-specific virtual weather data, andgenerating a weather-risk confirmation interface to display to the user at the one or more remote computer devices, responsive to the plurality of user-selected weather-risk parameters, timeframe-specific virtual weather data, and the plurality of customized contract terms a weather risk product.