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Mon, 11 Aug 2025 11:39:57 -0700
doublefriedchicken from private IP, post #14227710
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/all
My invention
Now that my invention is patent pending, I guess I can go ahead and share it.
It's a completely new accounting system for service contracts and extended warranties. It's a 130 billion dollar global market. And my system is required by
law since it objectively meets the legal standards and the old one does not.
Mon, 11 Aug 2025 13:47:46 -0700
zerosugar from private IP
Reply #11219123
👍
sounds pretty complex. surely it will be profitable for you.
Mon, 11 Aug 2025 18:36:01 -0700
marlon from private IP
Reply #14885409
so u did the coding in C++ or what? all by urself?
Tue, 12 Aug 2025 08:42:57 -0700
phosita from private IP
Reply #10909463
Do you have a non-provisional on file?
Tue, 12 Aug 2025 12:33:11 -0700
doublefriedchicken from private IP
Reply #11773074
No we just have broad provisional.
Coded in SQL Server and R. We are working on some upgrades.
Wily has seen it.
Wed, 13 Aug 2025 09:45:56 -0700
doublefriedchicken from private IP
Reply #17355551
👍
Send me a dm with your email and I will share it.
Thu, 14 Aug 2025 11:48:36 -0700
doublefriedchicken from private IP
Reply #16476239
What did you think Andy?
Thu, 14 Aug 2025 12:28:13 -0700
Andy from private IP
Reply #14344369
Haven't had a chance to review, have been busy. Will take a look soon, thanks!
Mon, 18 Aug 2025 15:30:45 -0700
whiteguyinchina from private IP
Reply #12229742
After patent approved what will be your business plan? I mean how to profit from said accounting system yourself?
Tue, 19 Aug 2025 16:14:43 -0700
doublefriedchicken from private IP
Reply #13776749
Algorithm needs to go on system. I could develop my own or license. This stuff is pretty trivial these days. Why do they want it? Well, it's by far the
best. What do you get with my system? Bottom line, it's more accurate. Let me tell you a story. Service contracts were set up in the 1980s by auto dealers.
Eventually reglation came in and said that these don't have to be written in an insurance company but you have to use insurance accounting. This is pretty much
the entire world except China and maybe India.
It doesn't matter where or when. If it's a service contract outside an insurance entity it is accounted for as insurance. Dell probably has a significant
portion of the revenue using insurance accounting.
So my partner and I started looking at this 25 years ago and he pretty much had a crude model built in 2005. We published a paper in 2007. I added a more
statisical model around 2010. Put it on AWS in 2018. We have a client who uses the projection system heavily and it started to get automated so I thought that
might be a nice business. So the first thing i thought was to give this projected liability by month and see how that could be used in the industry. Let's
just say that the business plan was a success. Now you have a systematic method to completely match the standards of the insurance industry - which are
general. I don't know why no one else saw this. It's weird.
So you have standards like you must use methods that are proportional to the expected loss pattern. Now, you could use other general methods due to like a
small book or something and it just is not that material. Oh, except you can't outside the US because they specifically require the best estimate to be in that
form. Why in that form? They must be doing it already? No, it's some sort of ideal equation they dreamed up in Solvency II because it would be ideal form to
express an estimate.
This IP is so broad. It affects every service contract globally subject to insurance accounting except monthly or short term contracts (mostly phones)
It's maybe a 130 billion market globally. It creates a large synthetic lending market in the US.
So I'm thinking about trying the synthetic lending market first.
Tue, 19 Aug 2025 16:18:48 -0700
doublefriedchicken from private IP
Reply #11767429
Shocking, service contracts aren't insurance. A transmission failure is predictable. A hurricane is not.
Tue, 19 Aug 2025 17:34:10 -0700
whiteguyinchina from private IP
Reply #10854094
Good luck man. I roughly get your idea but still don't see how to monetize it. Seems like you will be dealing with a lot of large companies and regulatory
agencies etc. So make sure you get your and don't get screwed out of peanut butter like George Washington carver.
Thu, 21 Aug 2025 05:55:41 -0700
doublefriedchicken from private IP
Reply #15163747
I think the money will come. I'm expecting verification soon - maybe within a month but no later than 3.
@14227710 208.123.227.142 👍 @11219123 208.123.227.142 👍 @14227710 208.123.227.142 👍 @14227710 Andy 👍 @17355551 Andy 👍
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