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.
AI classification
Ownership
UNITED SERVICES AUTOMOBILE ASSOCIATION
assignment · 206650333
Assignors
HOPKINS, JOHN C.
On an employer assignment, the assignors are typically the inventors.