US Patent No: 6,871,181

Number of patents in Portfolio can not be more than 2000

System and method of assessing and rating vendor risk and pricing of technology delivery insurance

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Abstract

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A method and system for providing a standardization and commoditizing the process of technology contracts and creating method for assessing, scoring, ranking and rating technology vendors for the purpose of comparing vendor bids on a project and for structuring and pricing insurance/surety contracts. Intrinsic and two-way vendor ratings are established for each of the vendors in a particular project. This two-way rating is used to provide a risk adjustment to the nominal bid of each of the vendors. The two-way rating is also utilized to structure and calculate an insurance premium based upon the probability that the vendor would fail/default on the delivery of a technology project.

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First Claim

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Patent Owner(s)

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International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Kansal, Namita 284 Fifth Ave., Apt. 7f, New York, NY 10001 3 167

Cited Art Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (2)
5,918,219 System and method for estimating construction project costs and schedules based on historical data 152 1994
* 6,647,374 System and method of assessing and rating vendor risk and pricing of technology delivery insurance 114 2001
 
VERIZON PATENT AND LICENSING INC. (1)
5,765,138 Apparatus and method for providing interactive evaluation of potential vendors 240 1995
 
INVESTORS GUARANTY FUND, LTD. (1)
5,704,045 System and method of risk transfer and risk diversification including means to assure with assurance of timely payment and segregation of the interests of capital 224 1995
 
HARD DOLLAR CORPORATION (1)
6,092,050 Graphical computer system and method for financial estimating and project management 88 1998
 
GEORGE MASON INTELLECTUAL PROPERTIES, INC. (1)
5,748,973 Advanced integrated requirements engineering system for CE-based requirements assessment 43 1994
 
PERVASIVE SOFTWARE, INC. (1)
6,195,646 System and method for facilitating the valuation and purchase of information 101 1997
 
SERVICENOW, INC. (1)
6,219,654 Method, system and program product for performing cost analysis of an information technology implementation 93 1999
 
ADB SYSTEM INTERNATIONAL, INC. (1)
5,890,138 Computer auction system 776 1996
 
PARTNERSHIP LIFE ASSURANCE COMPANY LIMITED (1)
* 5,930,760 Process and apparatus for the derivation of annuity rates 30 1997
 
RISEN, KATHERINE D. (1)
* 6,018,714 Method of protecting against a change in value of intellectual property, and product providing such protection 166 1997
 
Gartner Group (1)
5,734,890 System and method for analyzing procurement decisions and customer satisfaction 157 1995
 
SWYCHCO SUPPORT SERVICES PTY LTD (FORMERLY BONJADE PTY LTD) (1)
5,970,479 Methods and apparatus relating to the formulation and trading of risk management contracts 365 1993
 
RAYTHEON COMPANY (1)
6,088,678 Process simulation technique using benefit-trade matrices to estimate schedule, cost, and risk 43 1996
* Cited By Examiner

Patent Citation Ranking

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Patent Info (Count) # Cites Year
 
GENERAL ELECTRIC COMPANY (1)
* 2003/0088,446 System for assessing the risk of projects 4 2001
 
GE FINANCIAL HOLDINGS ASSURANCE (1)
* 2005/0125,253 System and method for using medication and medical condition information in automated insurance underwriting 15 2003
 
GENWORTH HOLDINGS, INC. (25)
7,844,476 Process for case-based insurance underwriting suitable for use by an automated system 6 2002
7,630,910 System for case-based insurance underwriting suitable for use by an automated system 15 2002
* 2003/0187,697 Process for case-based insurance underwriting suitable for use by an automated system 54 2002
* 2003/0187,696 System for case-based insurance underwriting suitable for use by an automated system 51 2002
8,793,146 System for rule-based insurance underwriting suitable for use by an automated system 1 2002
8,005,693 Process for determining a confidence factor for insurance underwriting suitable for use by an automated system 5 2002
* 2003/0187,698 Process for determining a confidence factor for insurance underwriting suitable for use by an automated system 54 2002
7,899,688 Process for optimization of insurance underwriting suitable for use by an automated system 8 2002
7,844,477 Process for rule-based insurance underwriting suitable for use by an automated system 6 2002
7,818,186 System for determining a confidence factor for insurance underwriting suitable for use by an automated system 10 2002
* 2003/0187,700 Process for rule-based insurance underwriting suitable for use by an automated system 59 2002
* 2003/0182,159 Process for summarizing information for insurance underwriting suitable for use by an automated system 50 2002
* 2003/0177,032 System for summerizing information for insurance underwriting suitable for use by an automated system 61 2002
7,813,945 System and process for multivariate adaptive regression splines classification for insurance underwriting suitable for use by an automated system 5 2003
7,801,748 System and process for detecting outliers for insurance underwriting suitable for use by an automated system 14 2003
7,567,914 System and process for dominance classification for insurance underwriting suitable for use by an automated system 22 2003
7,383,239 System and process for a fusion classification for insurance underwriting suitable for use by an automated system 9 2003
* 2004/0236,611 System and process for a neural network classification for insurance underwriting suitable for use by an automated system 39 2003
* 2004/0220,837 System and process for a fusion classification for insurance underwriting suitable for use by an automated system 8 2003
* 2004/0220,838 System and process for detecting outliers for insurance underwriting suitable for use by an automated system 30 2003
* 2004/0220,840 System and process for multivariate adaptive regression splines classification for insurance underwriting suitable for use by an automated system 27 2003
* 2004/0220,839 System and process for dominance classification for insurance underwriting suitable for use by an automated system 31 2003
7,698,159 Systems and methods for performing data collection 5 2004
* 2005/0182,667 Systems and methods for performing data collection 20 2004
8,214,314 System and process for a fusion classification for insurance underwriting suitable for use by an automated system 2 2008
 
Other [Check patent profile for assignment information] (4)
* 8,392,280 System for enabling consumers to evaluate automobile leases 2 2008
* 2011/0106,569 SYSTEM AND METHOD FOR AUTOMATED RISK MANAGEMENT APPRAISAL 2 2009
* 2013/0211,872 Assessing Risk Associated with a Vendor 1 2012
* 8,666,788 Systems and methods for facilitating an insurance marketplace for negotiations among brokers and insurance carriers 0 2013
 
Equifax, Inc. (2)
* 8,024,263 Macroeconomic-adjusted credit risk score systems and methods 1 2010
* 2010/0145,847 Macroeconomic-Adjusted Credit Risk Score Systems and Methods 18 2010
 
GOLDMAN, SACHS & CO. (3)
* 7,590,594 Method, software program, and system for ranking relative risk of a plurality of transactions 1 2001
* 2003/0023,543 Method, software program, and system for ranking relative risk of a plurality of transactions 28 2001
8,442,907 Method, software program, and system for ranking relative risk of a plurality of transactions 0 2009
 
Marsh USA Inc. (1)
8,335,701 System and method for determining opportunities and peer information for insurance policies 3 2012
 
HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP (1)
* 7,711,657 Resource-reservation pricing structures based on expected ability to deliver 1 2006
 
ELECTRONIC DATA SYSTEMS CORPORATION (1)
* 2004/0054,709 Assessment of capability of computing environment to meet an uptime criteria 0 2002
 
ALLSTATE INSURANCE COMPANY (1)
* 8,612,262 Market relationship management 2 2006
 
LINKEDIN CORPORATION (2)
* 7,870,047 System, method for deploying computing infrastructure, and method for identifying customers at risk of revenue change 0 2004
* 2006/0064,370 System, method for deploying computing infrastructure, and method for identifying customers at risk of revenue change 1 2004
 
SWISS REINSURANCE COMPANY LTD. (1)
* 8,515,783 Risk assessment method 0 2000
 
Assurant Solutions (1)
* 2006/0235,953 Systems and methods for installing, configuring, and supporting computer networks 9 2005
 
ORACLE INTERNATIONAL CORPORATION (3)
* 7,778,864 System and method for identifying sourcing event metrics for analyzing a supplier 2 2002
* 2004/0117,242 System and method for identifying sourcing event metrics for analyzing a supplier 7 2002
* 2013/0060,659 SYSTEM AND METHOD FOR SPLITTING COLLABORATION ON EVENT METRICS FOR A SUPPLIER TO RESPOND TO BASED ON FUNCTIONAL ROLE 0 2011
 
GEWORTH FINANCIAL, INC. (1)
7,895,062 System for optimization of insurance underwriting suitable for use by an automated system 3 2002
 
CLEARSHIFT CORPORATION (3)
* 2009/0210,282 Online Work Management System with Job Division Support 29 2009
* 2009/0204,471 Trust Level Based Task Assignment in an Online Work Management System 48 2009
* 2009/0204,470 Multilevel Assignment of Jobs and Tasks in Online Work Management System 23 2009
 
JDA SOFTWARE GROUP, INC (2)
* 7,620,566 Providing decision support through visualization of participant past performance in an electronic commerce environment 6 2001
* 2004/0172,322 Providing decision support through visualization of participant past performance in an electronic commerce environment 1 2001
 
ELANCE, INC. (4)
8,380,709 Method and system for ranking users 8 2008
8,700,614 Method of and a system for ranking members within a services exchange medium 2 2010
8,706,607 Method and apparatus for an electronic marketplace for services having a collaborative workspace 0 2011
9,117,180 Matching method based on a machine learning algorithm and a system thereof 0 2013
 
MICROSOFT TECHNOLOGY LICENSING, LLC (1)
* 2008/0262,995 Multimodal rating system 1 2007
 
HARTFORD FIRE INSURANCE COMPANY (3)
* 9,317,824 Vendor management system and process 0 2008
* 2008/0189,296 Vendor management system and process 2 2008
* 2011/0071,856 SYSTEM AND METHOD FOR DYNAMIC REAL TIME INSURANCE LITIGATION MANAGEMENT 5 2009
 
ASPEN HOLDINGS, INC. (1)
* 2009/0119,133 METHOD AND SYSTEM FOR POLICY UNDERWRITING AND RISK MANAGEMENT OVER A NETWORK 31 2008
 
GENWORTH FINANCIAL, INC. (1)
* 2003/0125,997 System and method for risk assessment 12 2001
 
EBAY INC. (1)
* 2008/0162,296 REPEAT TRANSACTION RATING 1 2006
* Cited By Examiner

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11.5 Year Payment $7400.00 $3700.00 $1850.00 Sep 22, 2016
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