RiskMD Receives Patent for PEO-Specific Analytic System

RiskMD, which provides a data analysis platform for the insurance industry, has been granted what it is calling the first professional employer organization-specific patent ever issued. The patent follows an initial provisional patent filing in October 2013. The patent is for a "System and Method for Valuation, Acquisition and Management of Insurance Policies." Paul Hughes, RiskMD’s chief executive officer, said the process covered by the patent has been in place at the company for years. Using a proprietary data vault, RiskMD highlights key performance indicators of PEO...