Alex Cowley

US Patent:

20060122871, Jun 8, 2006

Filed:

Aug 25, 2005

Appl. No.:

11/213042

Inventors:

Alex Cowley - Ridgefield CT, US
Craig Sabal - New York NY, US
Dmitry Noraev - New Providence NJ, US
Doug McBeth - Guttenberg NJ, US
Llewellyn Connolly - Leesburg VA, US
Martin Klein - Far Hills NJ, US
Pradip Ghosh - New York NY, US
Russ Hackmann - Larchmont NY, US

Assignee:

Lehman Brothers Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

705004000, 705035000

Abstract:

In one aspect, the invention comprises computer processors operable to identify a block of idealized policies, computer processors operable to calculate risk related to the block of idealized policies based on specified actuarial assumptions; and computer processors operable to provide a customized option designed to pay guaranteed minimum withdrawal benefits on the block of idealized policies; wherein the block of idealized policies is designed to replicate a current policy mix of an insurance company. In another aspect, the invention comprises computer processors operable to identify a block of idealized policies, computer processors operable to calculate risk related to the block of idealized policies based on specified actuarial assumptions; and computer processors operable to provide a reinsurance contract designed to pay guaranteed minimum death benefits on the block of idealized policies; wherein the block of idealized policies is designed to replicate a current policy mix of an insurance company.