Risk Transfer Files Game-Changing Patent
Since our inception Risk Transfer has prided itself to not only support but also be an active steward and advocate for an industry that we believe in. Over the last few years Risk Transfer has been investing heavily in the industry and our business model to better position both for the future. With our vision, mission, and objectives in mind, we took the critical steps necessary to harness our intellectual capital and utilize innovation to develop a number of intellectual properties that support our model and those it supports. At the core of Risk Transfer’s business model is our partners; our client partners; our carrier partners; and any of Risk Transfer’s and our partner’s affiliates. Risk Transfer’s success as an organization is tied directly to the success of all our partners and at the core of our mission is our focus to help each partner grow in a profitable manner. Our commitment to that joint success has become a key objective and has led Risk Transfer down a path to adapt to the changes and needs of our partners and the industry. Then, out of necessity and demand, Risk Transfer developed products, systems, and tools that utilize innovation through technology to accomplish the established objectives. The culmination of the various intellectual property developed to support the mission, vision, and objectives of Risk Transfer has led to our recent filing for patent protection with the United States Patent and Trademark Office (USPTO).
The Risk Transfer patent was filed as:
“A System and Method for the Valuation, Acquisition, and Management of Insurance Policies”
This patent serves to protect a number of Risk Transfer’s intellectual to include:
pixchange
The PiXchangeour proprietary data model
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BarnstableVintage
The Barnstable Vintageour proprietary risk valuation and scoring modelclick here to download white paper
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FasQuote
FasQuoteour pricing model
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RiskMD
RiskMDour proprietary portfolio and data management modelclick here to visit riskmd.com
As a company of innovation, Risk Transfer will continue to develop various methodologies and platforms that support our mission and the unlimited algorithms that can be generated to support how we look to value and score a risk, route a risk, price a risk, and then measure a risk’s performance to pre-established benchmarks of profitability set by our partners, their affiliates, and clients.
To learn more, please look at one of the links above or go to www.risktransfer.com. Please contact Chad Whitman (cwhitman@risktransfer.com) directly for any questions related to our revolutionary patent.
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The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better. All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.
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