Patents by Inventor Nicholas Ryan Munger

Nicholas Ryan Munger has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • System and method for insurance premium calculaton using commodity prices
    Patent number: 8630880
    Abstract: Risk characteristic information is received concerning a property that is to be insured by an insurance company. The risk characteristic indicates sensitivities of the property to commodity prices. Commodity futures information is also received. The commodity futures information indicates futures contract prices for at least one commodity. An insurance pricing model is stored. The insurance pricing model operates to base pricing of insurance policies at least in part on the commodity futures information. A premium quotation for insuring the property is generated based at least in part on the insurance pricing model and the commodity futures information.
    Type: Grant
    Filed: December 17, 2012
    Date of Patent: January 14, 2014
    Assignee: Hartford Fire Insurance Company
    Inventor: Nicholas Ryan Munger
  • SYSTEM AND METHOD FOR MANAGING DERIVATIVE MARKET INSURANCE TRANSACTIONS
    Publication number: 20130110559
    Abstract: Risk characteristic information is received concerning a property that is to be insured by an insurance company. The risk characteristic indicates sensitivities of the property to commodity prices. Commodity futures information is also received. The commodity futures information indicates futures contract prices for at least one commodity. An insurance pricing model is stored. The insurance pricing model operates to base pricing of insurance policies at least in part on the commodity futures information. A premium quotation for insuring the property is generated based at least in part on the insurance pricing model and the commodity futures information.
    Type: Application
    Filed: December 17, 2012
    Publication date: May 2, 2013
    Inventor: Nicholas Ryan Munger
  • System and method for managing derivative market insurance transactions
    Patent number: 8364506
    Abstract: Risk characteristic information is received concerning a property that is to be insured by an insurance company. The risk characteristic indicates sensitivities of the property to commodity prices. Commodity futures information is also received. The commodity futures information indicates futures contract prices for at least one commodity. An insurance pricing model is stored. The insurance pricing model operates to base pricing of insurance policies at least in part on the commodity futures information. A premium quotation for insuring the property is generated based at least in part on the insurance pricing model and the commodity futures information.
    Type: Grant
    Filed: October 14, 2010
    Date of Patent: January 29, 2013
    Assignee: Hartford Fire Insurance Company
    Inventor: Nicholas Ryan Munger
  • SYSTEM AND METHOD FOR MANAGING DERIVATIVE MARKET INSURANCE TRANSACTIONS
    Publication number: 20120095782
    Abstract: Risk characteristic information is received concerning a property that is to be insured by an insurance company. The risk characteristic indicates sensitivities of the property to commodity prices. Commodity futures information is also received. The commodity futures information indicates futures contract prices for at least one commodity. An insurance pricing model is stored. The insurance pricing model operates to base pricing of insurance policies at least in part on the commodity futures information. A premium quotation for insuring the property is generated based at least in part on the insurance pricing model and the commodity futures information.
    Type: Application
    Filed: October 14, 2010
    Publication date: April 19, 2012
    Inventor: Nicholas Ryan Munger