METHOD AND SYSTEM FOR MULTI-TRIGGER PARAMETRIC DATA MANAGEMENT AND ASSOCIATED TRANSACTIONS
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United States of America
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Jun 11, 2019
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Jun 11, 2019
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A method and system for multi-trigger parametric data management and associated transactions is provided. The parametric triggers can include measured wind speed occurring at predetermined geographic locations, calculated wind speed at a predetermined geographic locations, reported storm track and wind speed/category at a predetermined distance from a reference location and/or measured tide levels occurring at predetermined geographic locations. The multiple triggers are evaluated by the disclosed process to evaluate whether indicated threshold levels are exceeded such that conditions for full or fractional payout are achieved
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