Weng S Leong

age ~58

from Flushing, NY

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Weng H. Leong
Director

Hovid, Inc
Business Services at Non-Commercial Site

21 Balmoral Ct, Edison, NJ 08817

System And Method For Determining Loss Reserves
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US Patent:

8452621, May 28, 2013
Filed:

Feb 24, 2012
Appl. No.:

13/405006
Inventors:

Weng Kah Leong - New York NY, US
Stephen Lienhard - East Windsor NJ, US
Seth Shenghit - Robbinsville NJ, US
Blake Berman - New York NY, US
Assignee:

Guy Carpenter & Company, LLC. - New York NY
International Classification:

G06Q 40/08
US Classification:

705 4
Abstract:

A system, method and computer readable storage medium for receiving, from a user, a selection of a model to perform a loss reserve calculation, receiving, from the user, a selection of actual data directly from a workbook of a spreadsheet application to be input into the model selected to perform the loss reserve calculation, performing a model fitting calculation based on the model selected and the actual data to generate model fitted results, performing a plurality of simulations, wherein each simulation is based on the model fitted results and random re-sampling with replacement for the actual data and generating loss reserve statistics based on the plurality of simulations.