Abstract: A system for determining a reduced insurance premium includes at least one computer and a processor. The system receives a no-lapse discount request relating to a no-lapse period implemented in respect of a policy of a client. The system receives and/or accesses policy data which includes client data and non-client data relevant to the policy. A processor calculates a premium which covers a cost of risk and a cost of expenses associated with the policy and allows for a predefined profit allocation. The processor calculates the premium based on the policy data and on the assumption that the policy will not be cancelled or allowed to lapse during the no-lapse period. The cost of expenses and the predefined profit allocation for the policy are kept unchanged relative to another policy of the same type issued by the insurer, but in respect of which a no-lapse period does not apply.

Abstract: A system for dynamically adjusting insurance cover and an insurance premium associated with a policy of a client includes at least one computer and a processor. The system calculates a first cover amount by assessing a financial need which would result from occurrence of an insured event during a first period. A first premium is based on the first cover amount. The system then uses adjusted policy data, at least some of which it automatically generates, applicable to a second period of the policy, to calculate a second cover amount by assessing a financial need which would result from occurrence of an insured event during the second period. A second premium is based on the second cover amount. In this way, the system dynamically updates and calculates a premium for each period of the policy based on the financial need of the client in that particular period.

Abstract: A system for determining a protection level and optimal insurance cover for a client includes at least one computer and a processor. The system receives current cover data for at least one current insurance policy associated with the client or input data in respect of a possible insurance policy for the client. The system generates benchmark cover data associated with proposed insurance cover for the client. A processor compares the current cover data, or the input data, with the benchmark cover data in order to determine a protection level of the client. Protection level data is generated. The protection level data may include a maximum protection level obtainable by the client if a premium indicated by the client as affordable is insufficient for the client to obtain a benchmark cover amount or benchmark cover level.

Abstract: A modular pan assembly for a longwall mine face conveyor includes an elongated deck plate flanked by a pair of parallel, elongated side rails to define the conveyor system feed path. Beveled longitudinal edges of the deck plate mesh into corresponding channels along inside surfaces of the side rails. Apertures penetrate side rails from outside surfaces into the floor of respective channels. The assembly is secured by welds between the side rails and the deck plate within the apertures and along a lower side rail channel wall.