US Patent Issued to OnRisk on Dec. 9 for "Database system and object manipulation representing automated structuring of coverage, expected losses and premiums" (New Jersey Inventor)

ALEXANDRIA, Va., Dec. 9 -- United States Patent no. 12,493,913, issued on Dec. 9, was assigned to OnRisk Inc. (Princeton, N.J.).

"Database system and object manipulation representing automated structuring of coverage, expected losses and premiums" was invented by Francis Joseph Sweeney (Princeton, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The technology disclosed relates to manipulating and visualizing database objects that represent layers and parts of layers in insurance or other risk transfer programs. Disclosed is graphically creating placement objects, maintaining a database of objects that can be linked in trees, with policy objects linked to respective proposal objects, and coverage objects ...