{
  "type": "ZkVmReceipt",
  "system": "risc0",
  "receiptFormat": "groth16-bn254",
  "imageId": "sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6",
  "seal": "AZXaC+g7iIaPbrbGeXEyjTUollqzQRpYkLbzqf2dgfoWKUqvxZS6p/Ux36RLs5uKhe+aKaXE1gJZ785PvX8D5gf/IkLVuYvyDdonbhGk80WxIiQRMVGh3NGvEDSGjSHOJqiotPvJaYZnMVZ7exGYLGR4Wq3sdiU88GX1bcAJaagTV6eZQbsVwiqQkwa49v4kPJ39APdmSRHRFEWFixNRQiFnhqWvTGiZSCME8CdNHPGz1C2m3jN44kJQkOAwappRAajvhhlP2Msmz5mnKX+Odx10JocXFXBSAs1K3ZbB5V8HWzrD9KmCishVdG3AkQMdz5f5+YuTqTgnU6EYAQCnxA==",
  "journal": {
    "chaingraph_version": "0.4.0",
    "kernel_digest": "sha256:705011effaaf8ceec89ff5d39d51b1a8bf478dbd66ded2dfe68639036e90ef20",
    "output": {
      "annual_cashflows": [
        {
          "cashflow": 5425000,
          "discounted_cashflow": 4931818.18,
          "year": 1
        },
        {
          "cashflow": 5425000,
          "discounted_cashflow": 4483471.07,
          "year": 2
        },
        {
          "cashflow": 5425000,
          "discounted_cashflow": 4075882.79,
          "year": 3
        },
        {
          "cashflow": 5425000,
          "discounted_cashflow": 3705348,
          "year": 4
        },
        {
          "cashflow": 5425000,
          "discounted_cashflow": 3368498.18,
          "year": 5
        }
      ],
      "annual_handling_savings": 5425000,
      "cost_reduction_pct": 44.11,
      "cost_reduction_per_claim": 54.25,
      "current_annual_cost": 12300000,
      "current_avg_cost_per_claim": 123,
      "current_manual_claims": 60000,
      "current_stp_claims": 40000,
      "discount_rate_pct": 10,
      "irr_pct": 105.54,
      "leakage_increase": 0,
      "leakage_reduction": 0,
      "net_annual_benefit": 5425000,
      "net_leakage_impact": 0,
      "not_legal_advice": "Not legal, actuarial, or investment advice. STP investment decisions require enterprise business case review and actuarial sign-off on leakage assumptions.",
      "npv": 15565018.22,
      "payback_years": 0.92,
      "pii_note": "ZERO PII: aggregate portfolio metrics and cost inputs only. No claimant, policyholder, or claim-event personal data enters this kernel.",
      "projection_years": 5,
      "regulatory_basis": "NAIC Claims Process Innovation Working Group (2023); IAIS ComFrame (proportionality in claims governance). STP automation economics benchmarks per McKinsey Insurance 2024 and Majesco Claims Technology Survey 2024.",
      "stp_rate_improvement_ppt": 35,
      "table_source": "McKinsey Insurance 2024 (claims automation ROI benchmarks); Accenture Claims Transformation 2025; Majesco Claims Technology Survey 2024; NAIC Claims Process Innovation Working Group 2023.",
      "table_version": "CLAIMS-STP-ECONOMICS-V1.0-2025",
      "target_annual_cost": 6875000,
      "target_avg_cost_per_claim": 68.75,
      "target_manual_claims": 25000,
      "target_stp_claims": 75000
    }
  }
}