GREENWICH, Conn., June 12, 2013 /PRNewswire/ -- Marketcore.com, Inc. announced today that the company has been granted two new patents: US Patent No. 8,438,045 "Data Processing System For Providing An Efficient Market for insurance and Reinsurance," and U.S. Patent 8,457,995 "Efficient Markets for Financial Products." These and Marketcore's three previously issued patents are on a data processing system that has application for creating efficiencies in insurance, reinsurance, and all financial products, using a process that spans the market from origination of contracts through to their final disposition in the secondary market.
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Features of the system include (and are not limited to) the use of incentives that reward participants for voluntarily providing data and information to the system. The system is designed to act as a risk assessment framework that facilitates the identification, evaluation, and transfer of individual or groups of risks. All contribution of risk detailing information is at the sole discretion of the participant, and can be monetized by lowering costs on transactions and/or information.
About Marketcore®: Founded in 2000, Marketcore (www.marketcore.com) is a privately held company based in Connecticut. The Company creates tools that improve operating efficiencies, liquidity, value enhancement and risk assessment for the financial services and insurance industries.
SOURCE Marketcore.com, Inc.
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