Method, computer program product, and system for risk management
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United States of America Patent
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Aug 30, 2011
Grant Date -
Mar 3, 2005
app pub date -
Jun 4, 2004
filing date -
Jun 4, 2003
priority date (Note) -
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status (Latency Note)
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Abstract
The present invention comprises a method, computer program product, and system for risk management. The present invention includes calculating a statistic of loss per unit time, the statistic being a product of a site loss parameter and a loss given a loss-basis event. The site loss parameter is a site casualty parameter and/or a site economic parameter, while the loss-basis event is a casualty-basis event and/or an economic-basis event, non-limiting examples of which include an earthquake, flooding, wind, and blast pressure.
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