New Jersey Patent of the Month – December 2025
A new software breakthrough is set to transform how companies manage complex financial liabilities and insurance programs. OnRisk Inc. recently secured a patent for a sophisticated database system that automates the structuring of risk transfer. This technology addresses the long-standing challenge of managing intricate insurance layers that often involve millions of dollars and multiple global partners.
Streamlining Risk Transfer
The system simplifies how organizations track expected losses and premiums across various coverage levels. Traditionally, these tasks relied on manual spreadsheets that were prone to human error and difficult to scale. By using specialized database objects, the software creates a visual and functional map of an entire risk program. This allows stakeholders to see exactly how different policies interact in real time.
Enhanced Accuracy and Performance
U.S. Patent No. 12493913, titled ‘Database system and object manipulation representing automated structuring of coverage, expected losses and premiums’, focuses on data integrity. The invention uses a unique method to manipulate data objects, ensuring that financial calculations remain consistent as coverage layers change. This automation helps risk managers identify potential gaps in protection before they become costly liabilities.
Real-World Strategic Impact
For large enterprises and reinsurers, this tool provides a clear view of financial exposure. It enables faster decision-making by providing instant updates on premium costs and potential loss scenarios. By replacing static documents with an interactive database, the platform offers a more agile approach to corporate risk strategy. This innovation represents a significant leap forward in financial technology and digital risk management.
Learn More:
Are you developing new or improved products, or thinking of applying for a patent? Did you know your research work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please check out our free online eligibility test.
Feel free to book a quick teleconference with one of R&D Tax specialists if you would like to learn more about R&D Tax Credit opportunities.
Who We Are:
Swanson Reed is one of the largest Specialist R&D Tax Credit advisory firm in the United States. With offices nationwide, we are one of the only firms globally to exclusively provide R&D Tax Credit consulting services to our clients. We have been exclusively providing R&D Tax Credit claim preparation and audit compliance solutions for over 30 years.
Swanson Reed’s New Jersey office provides R&D tax credit consulting and advisory services to Newark, Jersey City, Paterson, Elizabeth, Edison, Woodbridge, Lakewood, Toms River, Hamilton, and Trenton.
Swanson Reed hosts daily free webinars and provides free IRS CE and CPE credits for CPAs. For more information please click here or contact your usual Swanson Reed representative.
Are you eligible?
Why choose us?
Pass an Audit?
What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
Choose your state
