Patent application number | Description | Published |
20110112872 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A method of managing an insurance policy includes storing in a memory a policy inception interest rate level which is an interest rate level payable on debt of the insured person. After the policy inception an interest rate level payable on debt of the insured person at that time is determined and compared with the inception interest rate level. If the determined interest rate level is higher than the inception interest rate level then a debt protector amount to be paid to the insured person is calculated and on the occurrence of an insured event the debt protector amount is paid to the insured person or their nominated beneficiary. | 05-12-2011 |
20110119093 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A method of managing an insurance policy includes defining a plurality of mechanisms to protect an insured person from adverse financial outcomes. A selection of at least one of the plurality of mechanism is received from the insured person and stored the selection in a memory. On the occurrence of an insured event, the stored selection is retrieved and a basic insurance amount to be paid to the insured person based on an insurance policy of the insured person is calculated. The method then includes determining based on the stored selection of mechanisms if the insured person has suffered any adverse financial outcomes since the inception of the policy and if so then calculating a further financial protector amount to be paid to the insured person based on the stored selection of mechanisms. Finally, the basic insurance amount and further financial protector amount are paid to the insured person or their nominated beneficiary. | 05-19-2011 |
20120095785 | METHOD OF MANAGING AN INSURANCE SCHEME AND ASYSTEM THEREFOR - A method and system for managing an insurance scheme includes receiving claim data from an insured person, the claim data including information pertaining to the occurrence of an insured event and the amount of a claim to an insurer. The claim data is analysed to determine a total amount payable to the insured person. An amount to be paid to the insured person from a life insurance fund of the insured person is calculated and an amount to be paid to the insured person from the insurer is calculated wherein the amount paid from the life fund and the amount paid from the insurer equal the total amount payable. | 04-19-2012 |
20120185282 | Method of Managing a Driver Rewards Programme and a System Therefor - A method and system of managing Fog an insurance scheme includes receiving driver data including information relating to the compliance of a driver in at least one programme area related to motor vehicle driver behaviours and storing the data in a database. Wellness programme data is also received indicating the compliance of the driver with a wellness programme and stored in the database and the driver data and wellness programme data are used to determine a reward for the driver. | 07-19-2012 |
20120203710 | SYSTEM AND METHOD OF MANAGING AN INVESTMENT ON BEHALF OF AN INVESTOR - A method and a system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a period of time, the investment being an investment managed by an investment manager on behalf of an investor. A comparator module compares the performance of the investment with the performance of other similar types of investments for the period of time and a booster module to determine an extra payment from the investment manager to the investor in the event that the performance of the investment is not as good as the performance of the other similar types of investments for the period of time. A payments module effects the extra payment from the investment manager to the investor. | 08-09-2012 |
20120203711 | SYSTEM AND METHOD OF MANAGING AN INVESTMENT ON BEHALF OF AN INVESTOR - A method and system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a period of time, the investment being an investment managed by an investment manager on behalf of an investor. A comparator module compares the performance of the investment with the performance of other similar types of investments for the period of time and a fee performance module determines a fee refund payment to the investor in the event that the performance of the investment in the period of time falls by a predetermined level below similar funds ranked by performance. A payments module effects the extra payment from the investment manager to the investor. | 08-09-2012 |
20120203713 | SYSTEM AND METHOD OF MANAGING AN INVESTMENT ON BEHALF OF AN INVESTOR - A system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a predetermined period of time. A calculation module calculates an amount of tax owing based on the performance of the investment for the period of time. A payments module effects a payment to the investor wherein the payment is the amount of tax owing or a percentage of the amount of tax owing and wherein the payment is only effected if the investor does not withdraw the investment before the predetermined period of time. | 08-09-2012 |
20120310678 | MANAGING AN INSURNACE PLAN - Managing an insurance plan includes receiving data relating to a life insurance policy of an insured person, the life insurance policy relating to in the event of the insured person dying, paying a predetermined amount to beneficiaries nominated in terms of the life insurance policy. Data relating to the occurrence of an insured event to the insured person is received, the insured event being an event other than dying. On the occurrence of the insured event, data is transmitted, including an instruction to pay an amount of funds to the insured person and reducing the predetermined amount to be paid to the beneficiaries nominated in the terms of the life insurance policy upon the death of the insured person, by an amount related to the amount of funds paid to the insured person for the insured event. | 12-06-2012 |
20130085787 | METHOD OF MANAGING AN INSURANCE SCHEME AND A SYSTEM THEREFOR - A method and system for managing an insurance scheme includes receiving and storing data relating to a life insurance agreement between an insured person and a life insurer including data relating to at least one premium to be paid to the life insurer and details of the life insurers obligations to the insured person or their beneficiary on the occurrence of the insured person dying or suffering disability. Receiving data including information relating to the compliance of the insured person in a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database. Points are awarded to the insured person wherein the points awarded are related to the compliance of the insured person in the programme areas and the points awarded are then used to determine a reward for the insured person from the life insurer. | 04-04-2013 |
20130085818 | METHOD OF MANAGING A DRIVER REWARDS PROGRAMME AND A SYSTEM THEREFOR - A method of managing a driver rewards programme includes receiving data including information relating to the compliance of a driver in one or more of a plurality of programme areas related to motor vehicle driver behaviour and storing the data in a database. Awarding points to the driver wherein the points allocated are related to the compliance of the driver in one or more of the programme areas and using the points allocated to determine a reward for the driver. | 04-04-2013 |
20130085819 | METHOD OF MANAGING A DRIVER REWARDS PROGRAMME AND A SYSTEM THEREFOR - A method and system for managing a driver rewards programme includes receiving data including information relating to the compliance of a driver in at least one of a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database. Points are awarded to the driver wherein the points awarded are related to the compliance of the driver in the at least one programme area. Finally, the points awarded are used to determine a reward for the driver wherein the reward is a fuel related reward. | 04-04-2013 |
20130090955 | MANAGING AN INSURANCE PLAN - A method of managing an insurance policy uses at least one computer to execute software stored on non-volatile memory. The software is configured for accessing at least one benefit amount data to be paid out to the insured person on the occurrence of an insured event defined under the policy; receiving premium related data relating to a premium paid by the insured person for the at least one benefit amount; storing the benefit amount data and premium data in a database; defining an additional benefit amount to be paid in addition to the benefit amount if an insured event occurs within a predetermined future period of time; zeroing an additional premium amount for the predetermined period of time; processing health data and/or safety data, the health data relating to the use of a plurality of health related facilities and/or services by the insured person for the predetermined period of time and the safety data relating to the compliance of an individual with a safety program; and calculating, using the health data and/or safety data and the benefit amount and premium data, an additional premium amount to be paid for an additional benefit cover to be payable if an insured event occurs after the predetermined period of time. | 04-11-2013 |
20130103430 | METHOD OF MANAGING AN INSURANCE SCHEME AND A SYSTEM THEREOF - A system and method for managing an insurance scheme including receiving data relating to homeowner behaviour. The data is analysed to determine the manner in which the homeowner has behaved for a past predetermined period and the analysed data is then used to determine one or more obligations of the homeowner to the insurer. The obligations may include the amount of a premium to be paid to the insurer for the insurance and/or the amount of the excess to be paid by the homeowner in the event of a claim to the insurer. | 04-25-2013 |
20130231963 | METHOD OF MANAGING AN INSURANCE PLAN AND A SYSTEM THEREFOR - An insurance plan implemented by a computer system receives an insured person's selection of an insured event and an insured amount to be paid on the occurrence of the insured event. Information is also received pertaining to an ancillary insured event and an ancillary amount to be paid on the occurrence of the ancillary insured event. Software calculates an increase in the ancillary amount to be paid on the occurrence of the ancillary insured event, the increase based on a ratio of the ancillary amount to the first insured amount. A premium is calculated using the first insured amount and the ancillary amount, and not the increase in the ancillary amount. Payment is made to the insured person if a first insured event has occurred, and is the increased ancillary payment amount if an ancillary insured event has occurred. | 09-05-2013 |
20130318008 | SYSTEM FOR MANAGING RETIREMENT INCOME AND A METHOD THEREOF - A method and system for managing a retirement income fund includes recording a starting value of a retirement investment for an investor and calculating based on the starting value a guaranteed periodic income amount that the investor will receive for the rest of their life. A selection is received from the investor of at least one investment fund and of a periodic withdrawal amount. Based on the performance of the at least one investment fund, upper and lower parameters for the periodic withdrawal amount are calculated. The guaranteed periodic income amount is recalculated whereby if the selected periodic withdrawal amount is lower than the lower parameter then the guaranteed periodic income amount is increased, if the periodic withdrawal amount is higher than the upper parameter then the guaranteed periodic income amount is decreased and if the periodic withdrawal amount is between the upper and lower parameters then the guaranteed periodic income amount is left the same. The selected periodic withdrawal amount is periodically paid to the investor and the value of the retirement investment is recalculated based on the performance of the at least one investment fund and reducing the value of the retirement investment by the periodic withdrawal amount. If the value of the retirement investment has reached zero then ceasing to pay to the investor the periodic withdrawal amount but thereafter periodically paying the guaranteed periodic income amount. Finally, on the death of the investor, determining the value of the retirement investment and if this is greater than zero then paying to at least one beneficiary of the investor the value and ceasing to pay any further periodic amounts. | 11-28-2013 |
Patent application number | Description | Published |
20140311634 | BLASTING COMPOSITIONS - A blasting explosive composition containing a solid inorganic oxidising salt as the oxidizer component, a hydrocarbon liquid as the fuel component, and a binding agent. The composition can also contain an ammonium nitrate based emulsion. The binding agent can increase the water resistance, or increase the sleep time, of the explosive composition, or increase the fuel oil absorbency of the solid inorganic oxidising salt. The binding agent is selected from one or more of a long chain carboxylic acid and its salts and derivatives, especially those having from 8 to 100 or preferably 10 to 50 carbon units. The binding agent may preferably be selected from one or more of: dimer acid, trimer acid, polyisobutylene succinic anhydride, oleic acid, stearic acid, sorbitan tristearate, and their salts and esters. | 10-23-2014 |
20150033969 | MODIFIED BLASTING AGENT - The present invention relates generally to an explosive composition comprising an aqueous emulsion of: an oxidizer component, a hydrocarbon fuel component containing emulsifier, and a bulking agent being a fuel-type waste material in a solid particulate form substantially lacking rough surfaces and sharp edges. Preferably the composition is of an ammonium nitrate based emulsion and a pelletised bulking agent. It also involves a method of providing an explosive composition to a blast site using a conventional mobile processing unit (MPU), being a truck having separate compartments adapted for holding fuel oil, dry ammonium nitrate prill, and ammonium nitrate based emulsion, where a compartment instead holds particulate waste material. It also concerns a method of blasting soft and wet ground, which comprises injecting into one or more blast holes in the soft and wet ground a sufficient quantity of the composition, and then setting off the composition. | 02-05-2015 |