SYSTEMS, COMPUTER IMPLEMENTED METHODS, AND COMPUTER READABLE MEDIUM HAVING COMPUTER PROGRAM TO GENERATE A COLLECTIVE HERD WARRANTY

摘要

Systems, computer readable medium having computer program, and related
computer
implemented methods are provided to aggregate a plurality of customized
livestock warranty
products so that each of the plurality of customized livestock warranty
products is provided to
different owners of different herds of a plurality of herds and so that a
collective livestock risk
product is produced for collective risk management. Embodiments of the present
invention
advantageously incentivize disease event disclosure by facilitating the
purchase of individual
warranty products by livestock producers that cover the full value of the
producers'' losses, yet
also incentivize producers to enforce rigorous bio-security measures.
Beneficially, the individual
warranty products can be provided as part of a collective product for
collective reinsurance and
collective management of federal indemnity for catastrophic disease events.