SYSTEM FOR SYNDICATION OF INSURANCE

摘要

A system (110) is described for facilitating a syndicated sale of an insurance policy. The system employs a processor (201) and a storage device (210) connected to the processor, and a data receiving device and data output device (205) connected to the processor. The processor executes a program to receive information relating to the insurance policy, and to transmit for electronic viewing by a potential buyer an invitation to offer to buy a share in the underwriting of the insurance policy. The share has associated therewith a risk cost assessable to the buyer if payment is made on a claim under the insurance policy. The processor receives offers to underwrite the share of the insurance policy; against which the risk cost may be charged in the event of payment on a claim. The transmission of the invitation and the offer to buy a share may advantageously be made on the Internet.