CONVERTIBLY TRIGGERED INSURANCE SYSTEM WITH A LAYERED TRIGGER STRUCTURE AND CORRESPONDING METHOD THEREOF

摘要

Proposed area system and a method for a convertibly triggered insurance system (1)providing self-sufficient risk protection for a variable number of defined risk exposure components (21, 22, 23). The convertibly triggered system (1) comprises a first layer trigger structure (71) comprising an aggregation module (5) for aggregating captured loss parameters (92) over all risk exposure components (21, 22, 23) and all occurrences of risk events (501) within a predefined time period (713) by incrementing an associated stored aggregated loss parameter (93). When the aggregated loss parameter (93) exceeding a defined stop loss threshold value (712) is triggered via the first layer trigger structure (71), the occurred loss (92) exceeding the defined stop threshold value (712) is automatically covered by a second insurance system (10) based on the equitable, mutually aligned second risk transfer parameters (504). The system (1) comprises an intermediate layer trigger structure (73) with an associated switching device (3), wherein by triggering the aggregated loss parameter (93) exceeding said defined stop threshold value (712) by means of the first trigger module (711), a second layer trigger structure (72) is activated. The second layer trigger structure (72) comprises a second trigger module (721), wherein if the second layer trigger structure (72) is activated via the switching device (3)by triggering loss parameters (92) measuring the loss at the risk exposure components (21, 22, 23)not to be transmitted to the convertibly triggered system (1) within the predefined time period and falling outside a retention threshold value (722) of the first insurance system (10), the occurred loss exceeding said retention threshold value (722) is automatically covered by the second insurance system (12)based on the equitable, mutually aligned second risk transfer parameters (504).