DISCOVERY HOLDINGS LIMITED Patent applications |
Patent application number | Title | Published |
20130231963 | METHOD OF MANAGING AN INSURANCE PLAN AND A SYSTEM THEREFOR - An insurance plan implemented by a computer system receives an insured person's selection of an insured event and an insured amount to be paid on the occurrence of the insured event. Information is also received pertaining to an ancillary insured event and an ancillary amount to be paid on the occurrence of the ancillary insured event. Software calculates an increase in the ancillary amount to be paid on the occurrence of the ancillary insured event, the increase based on a ratio of the ancillary amount to the first insured amount. A premium is calculated using the first insured amount and the ancillary amount, and not the increase in the ancillary amount. Payment is made to the insured person if a first insured event has occurred, and is the increased ancillary payment amount if an ancillary insured event has occurred. | 09-05-2013 |
20130103430 | METHOD OF MANAGING AN INSURANCE SCHEME AND A SYSTEM THEREOF - A system and method for managing an insurance scheme including receiving data relating to homeowner behaviour. The data is analysed to determine the manner in which the homeowner has behaved for a past predetermined period and the analysed data is then used to determine one or more obligations of the homeowner to the insurer. The obligations may include the amount of a premium to be paid to the insurer for the insurance and/or the amount of the excess to be paid by the homeowner in the event of a claim to the insurer. | 04-25-2013 |
20130090955 | MANAGING AN INSURANCE PLAN - A method of managing an insurance policy uses at least one computer to execute software stored on non-volatile memory. The software is configured for accessing at least one benefit amount data to be paid out to the insured person on the occurrence of an insured event defined under the policy; receiving premium related data relating to a premium paid by the insured person for the at least one benefit amount; storing the benefit amount data and premium data in a database; defining an additional benefit amount to be paid in addition to the benefit amount if an insured event occurs within a predetermined future period of time; zeroing an additional premium amount for the predetermined period of time; processing health data and/or safety data, the health data relating to the use of a plurality of health related facilities and/or services by the insured person for the predetermined period of time and the safety data relating to the compliance of an individual with a safety program; and calculating, using the health data and/or safety data and the benefit amount and premium data, an additional premium amount to be paid for an additional benefit cover to be payable if an insured event occurs after the predetermined period of time. | 04-11-2013 |
20130085819 | METHOD OF MANAGING A DRIVER REWARDS PROGRAMME AND A SYSTEM THEREFOR - A method and system for managing a driver rewards programme includes receiving data including information relating to the compliance of a driver in at least one of a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database. Points are awarded to the driver wherein the points awarded are related to the compliance of the driver in the at least one programme area. Finally, the points awarded are used to determine a reward for the driver wherein the reward is a fuel related reward. | 04-04-2013 |
20130085818 | METHOD OF MANAGING A DRIVER REWARDS PROGRAMME AND A SYSTEM THEREFOR - A method of managing a driver rewards programme includes receiving data including information relating to the compliance of a driver in one or more of a plurality of programme areas related to motor vehicle driver behaviour and storing the data in a database. Awarding points to the driver wherein the points allocated are related to the compliance of the driver in one or more of the programme areas and using the points allocated to determine a reward for the driver. | 04-04-2013 |
20130085787 | METHOD OF MANAGING AN INSURANCE SCHEME AND A SYSTEM THEREFOR - A method and system for managing an insurance scheme includes receiving and storing data relating to a life insurance agreement between an insured person and a life insurer including data relating to at least one premium to be paid to the life insurer and details of the life insurers obligations to the insured person or their beneficiary on the occurrence of the insured person dying or suffering disability. Receiving data including information relating to the compliance of the insured person in a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database. Points are awarded to the insured person wherein the points awarded are related to the compliance of the insured person in the programme areas and the points awarded are then used to determine a reward for the insured person from the life insurer. | 04-04-2013 |
20120203713 | SYSTEM AND METHOD OF MANAGING AN INVESTMENT ON BEHALF OF AN INVESTOR - A system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a predetermined period of time. A calculation module calculates an amount of tax owing based on the performance of the investment for the period of time. A payments module effects a payment to the investor wherein the payment is the amount of tax owing or a percentage of the amount of tax owing and wherein the payment is only effected if the investor does not withdraw the investment before the predetermined period of time. | 08-09-2012 |
20120203711 | SYSTEM AND METHOD OF MANAGING AN INVESTMENT ON BEHALF OF AN INVESTOR - A method and system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a period of time, the investment being an investment managed by an investment manager on behalf of an investor. A comparator module compares the performance of the investment with the performance of other similar types of investments for the period of time and a fee performance module determines a fee refund payment to the investor in the event that the performance of the investment in the period of time falls by a predetermined level below similar funds ranked by performance. A payments module effects the extra payment from the investment manager to the investor. | 08-09-2012 |
20120203710 | SYSTEM AND METHOD OF MANAGING AN INVESTMENT ON BEHALF OF AN INVESTOR - A method and a system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a period of time, the investment being an investment managed by an investment manager on behalf of an investor. A comparator module compares the performance of the investment with the performance of other similar types of investments for the period of time and a booster module to determine an extra payment from the investment manager to the investor in the event that the performance of the investment is not as good as the performance of the other similar types of investments for the period of time. A payments module effects the extra payment from the investment manager to the investor. | 08-09-2012 |
20120185282 | Method of Managing a Driver Rewards Programme and a System Therefor - A method and system of managing Fog an insurance scheme includes receiving driver data including information relating to the compliance of a driver in at least one programme area related to motor vehicle driver behaviours and storing the data in a database. Wellness programme data is also received indicating the compliance of the driver with a wellness programme and stored in the database and the driver data and wellness programme data are used to determine a reward for the driver. | 07-19-2012 |
20120095785 | METHOD OF MANAGING AN INSURANCE SCHEME AND ASYSTEM THEREFOR - A method and system for managing an insurance scheme includes receiving claim data from an insured person, the claim data including information pertaining to the occurrence of an insured event and the amount of a claim to an insurer. The claim data is analysed to determine a total amount payable to the insured person. An amount to be paid to the insured person from a life insurance fund of the insured person is calculated and an amount to be paid to the insured person from the insurer is calculated wherein the amount paid from the life fund and the amount paid from the insurer equal the total amount payable. | 04-19-2012 |
20100250281 | METHOD AND SYSTEM FOR OPERATING AN INSURANCE PROGRAM TO INSURE A PERFORMANCE BONUS OF A PERSON - A method, information processing system, and computer readable storage medium operate an insurance program to insure a performance bonus of an insured person against an insured event. A set of percentage bonus information is received. The set of performance bonus information indicates a percentage of an annual salary that is received by the insured person as a performance bonus in a predetermined prior period. In addition, a set of health program status information is received and associated with the insured person. At least the set of percentage bonus information and the set of health program status information are used to determine a portion or more of an annual salary of the insured person payable as an insured performance bonus in the event of the insured event. | 09-30-2010 |
20100049541 | METHOD OF MANAGING THE WELLNESS OF AN ORGANISATION AND A SYSTEM THEREFOR - A method of managing the wellness of an organisation includes providing members of the organisation with access to a plurality of wellness related facilities and/or services and monitoring a plurality of wellness related criteria of the organisation. In addition, awarding the organisation with an award depending on the results of the monitoring of the plurality of wellness related criteria and awarding members of the organisation with an award depending on the results of the monitoring of the plurality of wellness related criteria. | 02-25-2010 |
20100023384 | SYSTEM AND METHOD FOR REWARDING EMPLOYEES OF AN ORGANISATION - A system and method of rewarding employees of an organisation are provided. The method includes awarding points to an employee for participation in a plurality of program areas. The total points awarded to the employee for a predetermined period is then calculated and the employee is rewarded with at least one reward depending on the total points awarded to the employee. | 01-28-2010 |
20090307015 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme includes an event module for defining at least one insured event for an insured person. A calculation module calculates at least one benefit to be paid out on the occurrence of the at least one insured event wherein the amount of the at least one benefit is adjusted depending on the number of dependents of the insured person. Finally, an awards module, on the occurrence of the at least one insured event, provides the calculated at least one benefit to the insured person. | 12-10-2009 |
20090299776 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme includes a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A calculation module alters the at least one benefit based on a) a time factor; and b) the life impact of the insured event on the insured person. An awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person. | 12-03-2009 |
20090299775 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme, the system including a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A monitoring module monitors the compliance of the insured person with a wellness programme. A calculation module alters the at least one benefit based on the degree of participation of the insured person with the wellness programme and an awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person. | 12-03-2009 |
20090299774 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme includes a calculation module to, on the occurrence of an insured event for an insured person, calculate a subsidy for expenses for the insured person or a nominated beneficiary. The subsidy is calculated by accessing data defining a plurality of categories of expenses and determining for each category a spend amount. The spend amount is either an average historical spend amount over a period of time prior to the insured event or an actual spend amount for a period of time after the insured event. A percentage is then calculated using the insured person's participation with a wellness programme. Finally, the amount of the subsidy is calculated by multiplying the percentage by the spend amount. A payment module effects payment of the subsidy to the insured person, the nominated beneficiary or a third party goods or services provider. | 12-03-2009 |
20090299773 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme includes a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A monitoring module monitors any interest rate increases or decreases as set by a financial institution. A calculation module alters the at least one benefit based on any monitored change in interest rate, wherein the amount of the altering is related to the amount of the increase or decrease of the interest rate and an awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person. | 12-03-2009 |
20090198525 | METHOD OF MANAGING A LIFE INSURANCE PLAN AND A SYSTEM THEREFOR - A method of managing a life insurance plan includes receiving a premium from an insured life. On occurrence of an insured event to the insured life, a predetermined amount is paid out to the insured life and on occurrence of an insured event to a parent of the insured life a predetermined amount is paid out to the insured life. | 08-06-2009 |
20090150192 | METHOD AND SYSTEM FOR CALCULATING THE PREMIUMS AND BENEFITS OF LIFE INSURANCE AND RELATED RISK PRODUCTS BASED ON PARTICIPATION IN A WELLNESS PROGRAM - A method, information processing system, and computer program storage product dynamically manage risk coverage premiums. A given time period is determined to have expired. A risk coverage premium associated with a policy holder is retrieved. A wellness program status level is determined to be associated with the policy holder. A current risk coverage premium is dynamically adjusted based on the current wellness program status level. | 06-11-2009 |