QUOTING INSURANCE PREMIUMS

Patent №

US 8,577,699

Granted

2013-11-05

Filed 2007

Owner

UNITED SERVICES AUTOMOBILE ASSOCIATION (USAA)

Lab

AI components

3

vision · planning · hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

11849317

Methods and systems are disclosed for providing quotes on multiple types of insurance policies concurrently. The quotes are individually personalized rather than a class or group quote. The methods and systems significantly reduce the number of insurability questions required to obtain a quote. This reduced set of questions may be used to generate quotes on multiple policies concurrently for a given type of insurance. The methods and systems, however, are applicable to multiple types of insurance. Similarly, the quotes may be “directionally correct” quotes, or they may be provided as a range of possible premiums. Quotes for family members may also be obtained at the same time on similar insurance policies. Personal information may be automatically prefilled to the extent such information is available. Other aspects include the ability to apply for the quoted insurance policies directly from the quotes and to save the quotes for subsequent retrieval.

AI classification

AI hardware1.00
Vision0.89
Planning0.84
Evolutionary computation0.35
Knowledge representation0.33
Machine learning0.04
Speech0.00
Natural language0.00

Ownership

UNITED SERVICES AUTOMOBILE ASSOCIATION (USAA)

assignment · 201060209

Assignors

DIENER, RAYMOND ROBERT, SHAH, SUNITA, WRIGHT, RICHARD LEE

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

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