2022 JUN 15 (NewsRx) — By a
No assignee for this patent utility has been made.
News editors obtained the next quote from the background info equipped by the inventors: “Individuals, corporations, and different entities usually maintain insurance coverage insurance policies with insurance coverage corporations. For instance, insurance coverage insurance policies can embrace car insurance coverage insurance policies, hearth insurance coverage insurance policies, and different forms of insurance coverage insurance policies. Insurance corporations can use computer-implemented coverage administration programs to retailer details about insurance coverage insurance policies, create new insurance coverage insurance policies, change present insurance coverage insurance policies, and/or in any other case handle insurance coverage insurance policies.
“In some circumstances, a single entity might have a number of insurance coverage insurance policies of the identical sort with the identical insurance coverage firm. For instance, if a person owns a number of cars, the person might have a number of car insurance coverage insurance policies that cowl completely different cars.
“However, it may be inefficient to individually handle a number of associated insurance coverage insurance policies for the identical insured social gathering. For instance, a coverage administration system might must create, retailer, and handle separate digital data for every of the completely different insurance coverage insurance policies. Separately managing distinct data for associated insurance coverage insurance policies may be complicated, and/or use giant quantities of cupboard space in databases. Additionally, in some examples, data for completely different associated insurance coverage insurance policies could also be saved in databases of various servers or server clusters. Accordingly, an occasion of the coverage administration system executing in a primary cluster might not be capable to entry information about associated insurance coverage insurance policies which can be saved in a second cluster.
“As one other instance, every associated insurance coverage coverage might have a special coverage quantity. This can result in confusion and/or frustration for prospects, and/or result in an inefficient use of sources for the insurance coverage firm. For instance, the insurance coverage firm might routinely ship letters, emails, or different notifications to insured events concerning their insurance coverage insurance policies. However, as a result of every associated insurance coverage coverage might have a special coverage quantity and be thought-about a special insurance coverage coverage, the insurance coverage firm might ship a buyer quite a few copies of primarily the identical notification for every completely different insurance coverage coverage related to the shopper. For instance, if a person has two insured cars, the person might obtain two emails and/or two letters within the mail in regards to the insurance coverage protection for every car that explains the identical sort of regulatory discover, as a result of every car is roofed beneath a special car insurance coverage coverage with a special coverage quantity. It may be inefficient for the insurance coverage firm to ship quite a few communications with considerably duplicated info to the identical particular person in such circumstances. For instance, an e-mail server related to the insurance coverage firm might use further processing cycles, reminiscence, and bandwidth to generate and ship a number of e-mail messages containing related content material to the identical particular person. It can be irritating or complicated for prospects to obtain considerably duplicated communications that could be related or similar in content material, besides for the related coverage quantity.
“As yet one more instance, completely different associated insurance coverage insurance policies might have completely different phrases, and thus come up for renewal at completely different instances. For occasion, if a person has two insurance coverage insurance policies that cowl two completely different cars, the time period of the primary insurance coverage coverage might finish in July whereas the time period of the second insurance coverage coverage might finish in September. Accordingly, the primary insurance coverage coverage might come up for renewal months earlier than the second insurance coverage coverage. This could also be complicated for the person, who might anticipate that each insurance coverage insurance policies would renew on the identical time. It may be irritating or complicated for the person to obtain renewal notices for the primary insurance coverage coverage, after which obtain separate renewal notices for the second insurance coverage coverage a couple of months later.
“It can be inefficient and/or complicated for the insurance coverage firm to individually handle phrases and renewals for completely different insurance coverage insurance policies which can be associated to at least one one other. For instance, an e-mail server related to the insurance coverage firm might use further processing cycles, reminiscence, and bandwidth to generate and ship a number of renewal notices to the identical buyer by way of e-mail in affiliation with associated insurance coverage insurance policies. As one other instance, the insurance coverage firm might use digital data to retailer info related to insurance coverage insurance policies. However, individually managing associated insurance coverage insurance policies might enhance the quantity of pc reminiscence used to retailer corresponding digital data, and might enhance the quantity of processing cycles and different computing sources used to handle and course of the digital data.
“The instance programs and strategies described herein could also be directed towards mitigating or overcoming a number of of the deficiencies described above.”
As a complement to the background info on this patent utility, NewsRx correspondents additionally obtained the inventors’ abstract info for this patent utility: “Described herein are programs and strategies that may consolidate details about completely different insurance coverage insurance policies right into a mixed insurance coverage coverage. A coverage administration system can establish database data for associated insurance coverage insurance policies, reminiscent of a primary car insurance coverage coverage for a primary automobile and a second car insurance coverage coverage for a second automobile owned by the identical social gathering, and might consolidate the knowledge right into a single database file that represents a consolidated insurance coverage coverage. For instance, the consolidated insurance coverage coverage can cowl each the primary automobile and the second automobile. Such consolidation can simplify administration of the insurance coverage insurance policies. For instance, the insurance coverage protection for each autos can renew on the identical time going ahead after the consolidation, which might result in extra environment friendly renewal of the insurance coverage insurance policies and/or scale back buyer confusion that will happen when associated insurance coverage insurance policies renew at completely different instances. For occasion, consolidating a number of associated insurance coverage insurance policies can scale back bandwidth utilization by lowering the variety of e-mail messages or different digital notifications which can be despatched over a community in affiliation with renewals of the insurance coverage insurance policies, and/or scale back the variety of processing cycles used to generate and ship such digital notifications. Additionally, consolidating details about a number of associated insurance coverage insurance policies right into a single database file can lower the dimensions of a database, and/or scale back the quantity of processor cycles and different computing sources which can be used to course of the digital data.
“According to a primary facet, a computer-implemented methodology can embrace figuring out, by a coverage administration system, a primary file in a database, the primary file akin to a goal coverage consultant of a primary insurance coverage protection. The methodology can even embrace figuring out, by the coverage administration system, a second file within the database, the second file akin to a supply coverage consultant of a second insurance coverage protection. The methodology can additional embrace figuring out, by the coverage administration system, that the primary file is characterised by a set of attributes, and that the second file can also be characterised by the set of attributes. The methodology can even embrace including, by the coverage administration system, and based mostly on figuring out that the primary file and the second file are characterised by the set of attributes, a set of coverage information from the second file to the primary file. The including may cause the primary file to signify each the primary insurance coverage protection and the second insurance coverage protection, and trigger renewals of the primary insurance coverage protection and the second insurance coverage protection to happen in affiliation with the primary file. The methodology can additional embrace withdrawing, by the coverage administration system, a pending future renewal of the supply coverage in affiliation with the second file.
“According to a second facet, a coverage administration system can embrace a database storing data of insurance coverage insurance policies, the data comprising a minimum of a primary file akin to a goal coverage consultant of a primary insurance coverage protection, and a second file akin to a supply coverage consultant of a second insurance coverage protection. The coverage administration system can even embrace a coverage consolidator configured to find out that the primary file is characterised by a set of attributes, and that the second file can also be characterised by the set of attributes. The coverage consolidator can be configured so as to add, based mostly on figuring out that the primary file and the second file are characterised by the set of attributes, a set of coverage information from the second file to the primary file within the database. The including may cause the primary file to signify each the primary insurance coverage protection and the second insurance coverage protection, and trigger renewals of the primary insurance coverage protection and the second insurance coverage protection to happen in affiliation with the primary file. The coverage consolidator can be configured to withdraw a pending future renewal of the supply coverage in affiliation with the second file.
“According to a 3rd facet, a number of computing units can embrace a number of processors and reminiscence storing computer-executable directions that, when executed by the a number of processors, trigger the a number of processors to carry out operations. The operations can embrace figuring out a primary file in a database, the primary file akin to a goal coverage consultant of a primary insurance coverage protection. The operations can additional embrace figuring out a second file within the database, the second file akin to a supply coverage consultant of a second insurance coverage protection. The operations can even embrace figuring out to consolidate the goal coverage and the supply coverage based mostly on figuring out that the primary file and the second file have a typical consumer identifier, and figuring out that the primary file and the second file share a set of extra attributes. The operations can additional embrace including, based mostly on figuring out to consolidate the goal coverage and the supply coverage, a set of coverage information from the second file to the primary file. The including may cause the primary file to signify each the primary insurance coverage protection and the second insurance coverage protection, and trigger renewals of the primary insurance coverage protection and the second insurance coverage protection to happen in affiliation with the primary file. The operations can even embrace withdrawing a pending future renewal of the supply coverage in affiliation with the second file.”
The claims equipped by the inventors are:
“1. A pc-implemented methodology, comprising: figuring out, by a coverage administration system, a primary file in a database, the primary file akin to a goal coverage consultant of a primary insurance coverage protection; figuring out, by the coverage administration system, a second file within the database, the second file akin to a supply coverage consultant of a second insurance coverage protection; figuring out, by the coverage administration system, that the primary file is characterised by a set of attributes; figuring out, by the coverage administration system, that the second file can also be characterised by the set of attributes; including, by the coverage administration system, and based mostly on figuring out that the primary file and the second file are characterised by the set of attributes, a set of coverage information from the second file to the primary file, whereby the including causes: the primary file to signify each the primary insurance coverage protection and the second insurance coverage protection, and renewals of the primary insurance coverage protection and the second insurance coverage protection to happen in affiliation with the primary file; and withdrawing, by the coverage administration system, a pending future renewal of the supply coverage in affiliation with the second file.
“2. The computer-implemented methodology of declare 1, whereby: the goal coverage has a certain standing within the coverage administration system, because of an initiation of a primary renewal course of related to the primary insurance coverage protection, and at a time at which the including happens, the supply coverage doesn’t have the certain standing within the coverage administration system because of a second renewal course of for the pending future renewal not having begun.
“3. The computer-implemented methodology of declare 1, additional comprising: figuring out, by the coverage administration system at a primary time, {that a} renewal course of related to the primary insurance coverage protection has not but begun within the coverage administration system in affiliation with the goal coverage; figuring out, by the coverage administration system at a second time, that the renewal course of related to the primary insurance coverage protection has been initiated; figuring out, by the coverage administration system, that the goal coverage has obtained a certain standing within the coverage administration system in response to initiation of the renewal course of related to the primary insurance coverage protection; and including, by the coverage administration system, the set of coverage information from the second file to the primary file in response to figuring out that the goal coverage has obtained the certain standing.
“4. The computer-implemented methodology of declare 1, whereby the set of attributes features a consumer identifier.
“5. The computer-implemented methodology of declare 4, whereby the set of attributes additional consists of a number of of: a named insured social gathering, an insurance coverage firm, an insurance coverage agent, an tackle, a number of obligatory coverages, automobile use info, a assured renewal standing, a time period size, a number of driver exclusions, and billing info.
“6. The computer-implemented methodology of declare 1, additional comprising: validating, by the coverage administration system, the including; and withdrawing, by the coverage administration system, the pending future renewal of the supply coverage in response to the validating.
“7. The computer-implemented methodology of declare 1, additional comprising figuring out, by the coverage administration system, an prevalence of a set off occasion related to the supply coverage, whereby the coverage administration system performs the figuring out, the figuring out, the including, and the withdrawing in response to the prevalence of the set off occasion.
“8. The computer-implemented methodology of declare 7, whereby the set off occasion is a migration of the second file of the supply coverage into the coverage administration system from a second coverage administration system at a time that could be a predetermined size of time previous to the pending future renewal of the supply coverage.
“9. The computer-implemented methodology of declare 7, whereby the set off occasion is a person instruction to consolidate the supply coverage with a minimum of one different coverage, and the coverage administration system identifies the goal coverage because the a minimum of one different coverage.
“10. A coverage administration system, comprising: a database storing data of insurance coverage insurance policies, the data comprising a minimum of: a primary file akin to a goal coverage consultant of a primary insurance coverage protection; and a second file akin to a supply coverage consultant of a second insurance coverage protection; and a coverage consolidator configured to carry out operations comprising: figuring out that the primary file is characterised by a set of attributes; figuring out that the second file can also be characterised by the set of attributes; including, based mostly on figuring out that the primary file and the second file are characterised by the set of attributes, a set of coverage information from the second file to the primary file within the database, whereby the including causes: the primary file to signify each the primary insurance coverage protection and the second insurance coverage protection, and renewals of the primary insurance coverage protection and the second insurance coverage protection to happen in affiliation with the primary file; and withdrawing a pending future renewal of the supply coverage in affiliation with the second file.
“11. The coverage administration system of declare 10, additional comprising a batch coverage supervisor configured to provoke the operations carried out by the coverage consolidator previous to initiating renewal operations related to the pending future renewal of the supply coverage.
“12. The coverage administration system of declare 10, additional comprising an internet coverage supervisor configured to provoke the operations carried out by the coverage consolidator in response to a person instruction acquired by way of the web coverage supervisor.
“13. The coverage administration system of declare 10, whereby: the operations carried out by the coverage consolidator additional comprise detecting an prevalence of a set off occasion related to the supply coverage, and the coverage consolidator performs the figuring out, the including, and the withdrawing in response to detecting the prevalence of the set off occasion.
“14. The coverage administration system of declare 10, whereby the set of attributes features a consumer identifier.
“15. The coverage administration system of declare 14, whereby the set of attributes additional consists of a number of of: a named insured social gathering, an insurance coverage firm, an insurance coverage agent, an tackle, a number of obligatory coverages, automobile use info, a assured renewal standing, a time period size, a number of driver exclusions, and billing info.
“16. One or extra computing units, comprising: a number of processors; reminiscence storing computer-executable directions that, when executed by the a number of processors, trigger the a number of processors to carry out operations comprising: figuring out a primary file in a database, the primary file akin to a goal coverage consultant of a primary insurance coverage protection; figuring out a second file within the database, the second file akin to a supply coverage consultant of a second insurance coverage protection; figuring out to consolidate the goal coverage and the supply coverage, based mostly on: figuring out that the primary file and the second file have a typical consumer identifier; figuring out that the primary file and the second file share a set of extra attributes; including, based mostly on figuring out to consolidate the goal coverage and the supply coverage, a set of coverage information from the second file to the primary file, whereby the including causes: the primary file to signify each the primary insurance coverage protection and the second insurance coverage protection, and renewals of the primary insurance coverage protection and the second insurance coverage protection to happen in affiliation with the primary file; and withdrawing a pending future renewal of the supply coverage in affiliation with the second file.
“17. The a number of computing units of declare 16, whereby the set of extra attributes consists of a number of of: a named insured social gathering, an insurance coverage firm, an insurance coverage agent, an tackle, a number of obligatory coverages, automobile use info, a assured renewal standing, a time period size, a number of driver exclusions, and billing info.
“18. The a number of computing units of declare 16, whereby the operations additional comprise: validating the including; and withdrawing the pending future renewal of the supply coverage in response to the validating.
“19. The a number of computing units of declare 18, whereby the validating includes a minimum of certainly one of: a number of information validation operations to verify that the including is profitable, or a number of underwriting operations to generate a consolidated insurance coverage quote for each the primary insurance coverage protection and the second insurance coverage protection.
“20. The a number of computing units of declare 18, whereby the operations additional comprise: figuring out a validation failure related to the validating; flagging the including for person assessment; receiving a person edit of the primary file; and validating the including a subsequent time following receipt of the person edit.”
For extra info on this patent utility, see: Cottrell,
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