Patents by Inventor Timo Tapio Salminen

Timo Tapio Salminen 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).

  • METHOD AND SYSTEM FOR ANALYZING INVESTMENTS AND INVESTMENT PLANS AND RISKS AND RELATED BUSINESSES WITH DYNAMIC DECISION MAKING
    Publication number: 20130031021
    Abstract: Systems, methods and computer program products for analyzing stochastic characteristics, including one or more subsystem for forecasting financial statements and financial ratios' probability distributions and configured for at least one of: analyzing insurance contracts and portfolios without simplifying contract and product terms and conditions; studying and illustrating financial statement probability distributions; analyzing insurance portfolios by creating net asset value distributions thereof without deterministic assumptions; modeling to support asset and liability management, wherein both assets and liabilities are simulated simultaneously and decisions are based on joint probability distributions thereof; and modeling to study effects of model specification changes by implementing new model definitions and by rerunning the model with constant random number generator seed.
    Type: Application
    Filed: July 24, 2012
    Publication date: January 31, 2013
    Applicant: MODEL IT LTD
    Inventors: Timo Tapio Salminen, Osmo Visa Viktor Jauri
  • METHOD AND SYSTEM FOR ANALYZING INSURANCE CONTRACTS AND INSURANCE CONTRACT PORTFOLIOS
    Publication number: 20120303391
    Abstract: Systems, methods and computer program products for analyzing stochastic characteristics, including one or more subsystem for forecasting financial statements and financial ratios' probability distributions and configured for at least one of: analyzing insurance contracts and portfolios without simplifying contract and product terms and conditions; studying and illustrating financial statement probability distributions; analyzing insurance portfolios by creating net asset value distributions thereof without deterministic assumptions; modeling to support asset and liability management, wherein both assets and liabilities are simulated simultaneously and decisions are based on joint probability distributions thereof; and modeling to study effects of model specification changes by implementing new model definitions and by rerunning the model with constant random number generator seed.
    Type: Application
    Filed: May 21, 2012
    Publication date: November 29, 2012
    Applicant: MODEL IT LTD
    Inventors: Timo Tapio Salminen, Osmo Visa Viktor Jauri