SYSTEMS AND METHODS FOR MODELING INSURANCE COVERAGE

Patent №

US 7,974,859

Granted

2011-07-05

Filed 2008

Owner

UNITED SERVICES AUTOMOBILE ASSOCIATION

Lab

AI components

2

kr · planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

12050362

A method, system and computer-usable medium are disclosed for the modeling of insurance coverage. Coverage parameters of a policy are displayed as graphical elements within a user interface (UI) of a computing device along with a plurality of claim scenario parameters for selection by a user. Once selected, the claim scenario parameters are applied to relevant claim data and a claim scenario is generated. The claim scenario is then applied to the policy coverage parameters of the policy to determine and graphically display coverage parameter disparities, which are then graphically modified to offset any coverage parameter disparities. As coverage parameters are modified, corresponding adjustments to the premium of the current policy are made and displayed within the UI. A resulting policy is generated, using the modified coverage parameters of the current policy and adjusted premiums, and then fulfilled, electronically or physically.

Knowledge representationPlanningG06Q 40/00G06Q 40/02G06Q 40/08G06Q 10/10

AI classification

Planning1.00
Knowledge representation0.99
AI hardware0.26
Evolutionary computation0.05
Vision0.01
Machine learning0.00
Natural language0.00
Speech0.00

Ownership

UNITED SERVICES AUTOMOBILE ASSOCIATION

assignment · 206650333

Assignors

HOPKINS, JOHN C.

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

From the same owner

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