Peter Cassidy with NCM 0007 Method, system, and service for quantifying network risk to price insurance premiums and bonds, by John S. Quarterman, Peter F. Cassidy, and Gretchen K. Phillips. One of several InternetPerils patents, this one nine years in the making, issued this summer.

Picture by John S. Quarterman for InternetPerils, Inc., San Francisco, CA, 15 September 2013.

Claim 1:

A method for determining financial loss related to performance of an internetwork, comprising: collecting input information regarding performance of an internetwork using techniques that simultaneously record topology and performance; detecting at least one anomaly in at least one portion of said internetwork; translating said at least one anomaly into at least one operational risk for a financial entity that underwrites insurance premiums and bonds by: adding information about a first plurality of enterprises in an industry; estimating a total cost for said industry for said plurality of anomalies; and, determining respective costs for claims on insurance policies for said industry based on said total cost; or, interrogating at least a portion of the network topology; making estimates of internetwork conditions at the time of an anomaly resulting in a loss; and, calibrating a disbursement against a covered party’s claims with respect to the at least one anomaly.

-jsq