SYSTEM AND METHOD FOR RISK MATCHING CLIENTS WITH INSURANCE COMPANIES

Patent №

US 10,679,293

Granted

2020-06-09

Filed 2015

Owner

MARSH USA INC.

Lab

AI components

4

ml · kr · planning · evo

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

14818923

A system and method that performs a similarity calculation to identify insurance accounts having similar characteristics. The similarity calculation may be based on an existing insurance account or a synthetic insurance account that has user defined characteristics. The system and method may store account information for a plurality of insurance accounts that is normalized to a coordinate system. Parameters of a similarity account are identified and a similarity calculation is performed to identify a subset of the plurality of insurance accounts that match the similarity account. The similarity calculation includes calculating a distance between the similarity account and each of the plurality of insurance accounts and determining the subset of the plurality of insurance accounts that satisfy a predetermined similarity threshold based on the distance.

AI classification

Planning1.00
Evolutionary computation0.75
Knowledge representation0.64
Machine learning0.55
AI hardware0.13
Vision0.01
Natural language0.00
Speech0.00

Ownership

MARSH USA INC.

assignment · 362650743

Assignors

SANTOVENA, ALEJANDRO ZARATE, HOWE, ROBERT

On an employer assignment, the assignors are typically the inventors.

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