| Hartford Fire Insurance Company Patent applications |
| Patent application number | Title | Published |
|---|
| 20120123809 | System and Method for Processing Data Related to Insurance Coverage for a Plurality of Risks - A computer system for processing of data associated with insurance coverage includes a data storage device storing data indicative of: an insured; an aggregate benefit amount, the aggregate benefit amount being a maximum benefit amount payable under the insurance coverage; a first category of health risks; a second category of health risks; a first benefit allocation corresponding to the first category of health risks; and a second benefit allocation corresponding to the second category of health risks; the benefit allocations being fractions of and totaling the aggregate benefit amount. A processor of the system is configured to, responsive to the receipt of data indicative of a claim, determine eligibility for a benefit, and responsive to determining that the insured is eligible, provide output data indicative of a benefit amount, the benefit amount for each of the categories of health risks having a maximum equal to the corresponding benefit allocation. | 05-17-2012 |
| 20120116999 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO FINANCIAL INSTRUMENTS FOR PROVIDING DEFERRED INCOME - A computer system for processing data related to financial instruments for providing deferred income includes a data storage device storing data relating to financial instruments representing a right to receive a fixed amount at fixed intervals for a lifetime commencing at a fixed start date, and, for classes of financial instruments, a price of the instrument, the fixed amount, interval and start date. The system further includes a processor configured to receive via a communication module data indicative of a request to purchase financial instruments, including a payment amount, age of the individual purchaser, and to determine, based on the received payment amount and age data, a number and class of the financial instruments for issue to the individual purchaser and to output data for generation of the determined number and class of the financial instruments for issue to the individual purchaser. | 05-10-2012 |
| 20120116820 | SYSTEM AND METHOD FOR ACTIVE INSURANCE UNDERWRITING USING INTELLIGENT IP-ADDRESSABLE DEVICES - A system and method are disclosed herein for maintaining an inventory of assets located at an insured property covered under an insurance policy based on data received from IP-addressable devices located at the property. The system includes an inventory database for storing inventory information about assets located at an insured property, a communication interface for receiving registration and operational data associated with an IP-addressable device, and a business logic computer. The business logic computer creates a data structure for storing inventory information about assets located at the insured property in the inventory database for each insured property. The business logic computer determines, for the insured property, the inventory information about the insured property's assets based on registration and operational data received from its IP-addressable devices located at the property. The business logic computer stores the insured property's inventory information in its associated data structure in the inventory database. | 05-10-2012 |
| 20120101961 | COMPUTERIZED METHOD AND SYSTEM FOR PROCESSING DATA RELATED TO A FINANCIAL INSTRUMENT HAVING GUARANTEED BENEFIT PAYMENTS - A computerized financial instrument management system has a data storage device storing data indicative of an account balance based on deposits, withdrawals and changes in value of investments selected by an owner, a payment base value, a guarantee of availability of benefit payments for a term, during time periods during the term, without reduction of the payment base value; and withdrawal factor values correlated with dates after a first of the benefit payments and increasing after the first of the benefit payments. A processor is configured to determine, for any of the time periods, an available amount of the benefit payment, based on data indicative of a withdrawal factor value and at least one of a payment base value and either the payment base value or the account value. | 04-26-2012 |
| 20120101923 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO MANAGEMENT OF FINANCIAL ASSETS - A computer system for management of financial data relating to funds holding investments includes a data storage device and a server configured for execution of computer-readable instructions embodied in components. The components include an expense component for accessing and verifying fund expense calculation data, and storing the verified fund expense data in a common data format; a pre-trade component for receiving data relating to fund ownership, determining and storing data indicative of fund trading requirements in the common data format; a settlement component for accessing data indicative of instructions for execution of trades, determining data indicative of instructions for payment in settlement of trades consistent with the trade instructions data and providing output data signals indicative of the instructions for payment; and an accounting component for accessing accounting ledgers stored in the data storage devices and updating the accounting ledgers. | 04-26-2012 |
| 20120101857 | SYSTEM AND METHOD FOR PROCESSING AND ADMINISTERING IMMEDIATE AND DEFERRED GUARANTEED INCOME PAYMENTS - A system is provided for administering immediate and deferred payments in any of a plurality of different payout schemes selected by a purchaser to accommodate varying retirement income needs. The system can be configured to administer an immediate income annuity where payments start within a predetermined time period year and the system can also administer a deferred payout annuity through a single dual natured payout contract. Additional options available for administration by the system include options to permit the contract owner to change the annuity commencement date and the ability to commute future period certain periodic payments into a single lump sum payment. | 04-26-2012 |
| 20120101856 | METHOD AND SYSTEM FOR PROCESSING OF DATA RELATED TO INSURANCE - This invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect it integrates the older legacy insurance policy generating systems to on line systems where users access the system through browsers. The computer system to perform the process of underwriting, rating, quoting, binding, and booking an insurance policy includes browsers, data bases, processors and a dispatcher that parses the information to select an insurance process. Suitable software programs review messages received from users to determine if certain messages are less than a prescribed limit. If a message is greater than the limit, then the message is parsed into a header information and one or more data fields whereby the header information is provided to a legacy processor and to policy generation software for further creation of policy related information and documentation. | 04-26-2012 |
| 20120101852 | SYSTEM AND METHOD FOR DETERMINING INSURANCE ADJUSTMENTS BASED ON A LIFE EVENT - A system and method are disclosed herein for determining an insurance policy adjustment based on information indicative of life events. The system includes a server, a database, and a business logic computer. The database receives from a user an indication of an occurrence of a life event experienced by the user. The database stores insurance parameter data associated with the user. The business logic computer communicates with the server and database. The business logic computer can receive the user indication via the server and poses questions to send to the user based on the indicated life event. The business logic computer can send the questions to the user via the server. After receiving the user's answers to the questions, the business logic computer determines an insurance policy adjustment based on the answers and the indicated life event. | 04-26-2012 |
| 20120096384 | SYSTEMS AND METHODS FOR AN INTERACTIVE GRAPHICAL USER INTERFACE FOR DEPICTING STATUS OF A CLAIM - Systems and methods for an interactive graphical user interface for depicting the status of a claim are provided. The system includes a database for storing claim data and a server in communication with the database. The stored claim data includes a claim workflow associated the claim. The workflow defines the processing steps associated with processing the claim. The server receives a user request to check the status of the claim. The server determines status data of the claim based on stored claim data and outputs the status data to a graphical user interface for depicting a graphical representation of the status data. The graphical representation includes a timeline corresponding to the workflow of the claim and a progress bar indicative of the status of the claim. | 04-19-2012 |
| 20120095789 | SYSTEM AND METHOD FOR PROCESSING PAYROLL RELATED INSURANCE PREMIUMS - A computer process for determining an insurance premium comprises: validating username/passwords; receiving payroll data asynchronously or scheduled in real time; extracting payroll data required for premium determination; detecting the presence or absence of fraud related to the payroll data; applying state jurisdictional inclusion and exclusion rules applicable to workers' compensation premiums; transferring premium to a billing system for debiting the customer account. The structural elements to the system are: a payroll system configured with an accounting/bookkeeping software where regular payroll data resides; a utility that permits reading payroll accounts residing in the accounting/bookkeeping software; an Internet connection having a browser; a filter to allow extraction of payroll data exclusive of other payroll deductions; a rules engine customized to a particular remote payroll system that includes a mechanism to separate different occupations and a billing system. | 04-19-2012 |
| 20120095788 | METHOD AND SYSTEM FOR FULFILLING ANCILLARY NEEDS RESULTING FROM PROPERTY AND OTHER SIMILAR LOSSES - A method to fulfill ancillary needs acquired as a result of property and other similar losses includes the steps of receiving insurance claims data input by claimants, storing and analyzing the insurance claims data, aggregating ancillary services and transmitting them to the claimants, and enabling claimants to communicate directly with ancillary services providers. Ancillary needs may include emergency auto rental, emergency housing, or loss prevention services. In addition, a system to fulfill ancillary needs includes a web server generating a site that allows claimants to input insurance claims data, a data warehouse for storing the insurance claims data, the application server including a claim data analyzing component for identifying claimants and verifying insurance coverage and an ancillary services component for aggregating ancillary services and transmitting them to claimants, and wherein the servers enable claimants to communicate directly with ancillary services providers. | 04-19-2012 |
| 20120078816 | COMPUTER SYSTEM FOR PROCESSING DATA RELATED TO RISKS ASSOCIATED WITH FINANCIAL INSTRUMENTS - The present invention provides a method and system for re-allocating financial risks. The system includes computer modules for assessing the behavior of a financial product by a financial institution, modeling the risks associated with providing the financial product by the financial institution, assessing the market risks associated with providing the financial product by a derivative counterparty and assuming, by the derivative counterparty, market risks associated with providing the financial product. | 03-29-2012 |
| 20120072241 | SYSTEM AND METHOD FOR ENCOURAGING SAFETY PERFORMANCE - Systems and methods are disclosed herein for sharing of information related to insurance customers' participation in a group dividend plan. The system includes a database and a business logic processor in communication with the database. The database stores data regarding a plurality of insurance group dividend plans, including, for each plan, data about a group of customers assigned to the plan and safety data associated with each of the assigned customers. The business logic processor can obtain safety data associated with customers in the group. The business logic processor can provide the obtained safety data associated with one customer to a different customer via a social networking application or other interactive graphical user interface. The business logic processor can also determine a dividend to provide to each of a group of customers based at least partially on the safety data. | 03-22-2012 |
| 20120072240 | SYSTEM AND METHOD FOR PROVIDING GROUP DIVIDENDS - Systems and methods for providing dividends to customers are disclosed. The system includes a database for storing data and a business logic processor for determining a dividend to provide to a customer. The stored data includes eligibility criteria for membership in one of a plurality of group dividend plans, data about customers assigned to the plans, and premium payments associated with the customers. The business logic processor receives eligibility data related to a customer's eligibility for assignment to a group dividend plan. The business logic processor uses the received data to identify a dividend group plan that a customer is eligible to join and assigns the customer to the identified plan. Finally, the business logic processor calculates a dividend to provide to the customer based on the assigned plan. | 03-22-2012 |
| 20120072229 | COMMUNICATION, PROCESSING, AND DISPLAY OF SERVICE DESK CRITICAL ISSUE DATA - An architecture for the processing and display of service desk critical issue data may include an issue tracking system, an issue tracking system database, a reporting client module, a monitoring module, and a messaging client module. The monitoring module may obtain data related to critical issues that are stored in the issue tracking system database, and display the data. The monitoring module may also send messages to users that are affected by critical issues based on the data received from the issue tracking system database. Users may receive and view messages sent by the monitoring module using the messaging client module. The reporting client module may also display data related to critical issues that are stored in the issue tracking system database. | 03-22-2012 |
| 20120069978 | STORAGE, PROCESSING, AND DISPLAY OF SERVICE DESK PERFORMANCE METRICS - An architecture for the storage, processing, and display of service desk performance metrics data for a service desk department may include a call management system (CMS), an issue tracking system, a performance metrics (PM) database, a PM database module, a PM display data module, and a PM client module. The PM database module may retrieve call statistics data from the call management system database and issue tracking data from the issue tracking system database, and store the data in the PM database. The PM client module may obtain call statistics data and issue tracking data from the PM database via the PM display data module. The PM client module may display the obtained call statistics data and issue tracking data in one or more user interface elements. | 03-22-2012 |
| 20120066012 | SYSTEM AND METHOD FOR ASSESSING A CONDITION OF AN INSURED PROPERTY - A system and method for assessing a condition of property for insurance purposes includes a sensor for acquiring a spectral image. In a preferred embodiment, the spectral image is post-processed to generate at least one spectral radiance plot, the plot used as input to a radiative transfer computer model. The output of the model establishes a spectral signature for the property. Over a period of time, spectral signatures can be compared to generate a spectral difference, the difference attributed to a change in the condition of the property, such as a fire or flood. In response to the change, an insurance company initiates an insurance-related action such as processing a claim. | 03-15-2012 |
| 20120036086 | SYSTEM AND METHOD FOR MANAGEMENT OF INVESTMENT FUNDS - A computer system for determining investment fund holdings of a fund of funds accesses data relating to holdings of investment funds over time and investment rules of the funds of funds. The computer system analyzes the holdings of the investment funds over time to obtain investment performance data of the investment funds by asset class and volatility data. Using the investment performance data of the investment funds by asset class, the volatility data, and investment rules of the fund of funds, the computer system determines a selection of investment funds for holdings of the fund of funds. | 02-09-2012 |
| 20120030128 | System and Method for Administration of Employee Leave - A computer system and computer-implemented method are provided for management of employee leave and absence policies. The system is configured to receive data related to an employee leave claim at a single point of contact. The single point of contact may be implemented as a single address for leave issues related to any type of leave, including for example for employment-related injuries compensated through workers compensation, short term disability, long-term disability, and other types of leave. The system may be configured to provide prompts to a user for claims relating to multiple types of leave. The system may be configured to furnish data to separate computer systems for administration of multiple types of leave. The system may be configured to provide communications related to employee leave claims between separate computer systems responsive to receipt of data from one or more of the computer systems. | 02-02-2012 |
| 20120016812 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO ALLOCATION OF ASSETS - A distributed asset allocation processing system performs a computerized method for allocating subscriber assets. The system configures predetermined investment allocation paths that relate asset allocation models to trigger events. The system then selects a predetermined path based on a subscriber's risk tolerance. At each trigger event along the predetermined path, the system automatically rebalances the subscriber's assets according to an asset allocation model corresponding to the trigger event. | 01-19-2012 |
| 20120016807 | SYSTEM AND METHOD FOR DYNAMIC PERSONALIZED FINANCIAL ILLUSTRATIONS - A personalized financial illustration system includes a computer or data processing device, which is configured to implement a method for generating personalized financial illustrations based on summary prospectus format or chassis, incorporating a potential investor's selections of variables defining investment goals, constraints, and an investment plan. | 01-19-2012 |
| 20120016695 | SYSTEM AND METHOD FOR AN AUTOMATED VALIDATION SYSTEM - System and method are disclosed herein for an automated validation system for validating whether a property of a policyholder receiving at least one insurance benefit is currently receiving remote monitoring services, as claimed by the policyholder. The system comprises an application server, a trusted third party server, and a business logic computer. The application server requests the trusted third party server to validate whether the property of the policyholder is presently receiving remote monitoring services from a service provider. A business logic computer can adjust the policyholder's insurance policy based on the received validation results. | 01-19-2012 |
| 20120004934 | COMPUTER SYSTEM AND COMPUTERIZED METHOD FOR PROCESSING ACCOUNT DATA - The present invention is embodied in an online-like transaction processing method and system for processing account information contained in batch process files, the method including: reading at least one batch file containing a plurality of records, each of the plurality of records being related to an associated one of a plurality of accounts; identifying which of the plurality of records relate to same ones of the plurality of accounts; identifying one of the accounts; and, processing all of the records identified as relating to the one of the accounts together and independent of processing any of the records relating to any other of the plurality of accounts. | 01-05-2012 |
| 20110320223 | SYSTEM AND METHOD FOR ANALYSIS OF INSURANCE CLAIMS - A computer system for analyzing insurance claim data is configured to receive data relating to a current insurance claim from a client device; query a database for data relating to insurance claims similar to the current claim; receive from the database data relating to insurance claims responsive to the query; analyze the received data; generate a display of the analyzed received data and communicate the generated display to the client device for display on the client device. The display may include a value of recoveries within the time window as a proportion of initial demands for settled similar claims and a value of recoveries within the time window as a proportion of initial demands for arbitrated similar claims. | 12-29-2011 |
| 20110313796 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO LONGEVITY INSURANCE - The present invention provides a life insurance product known as longevity insurance. Longevity insurance mitigates longevity risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of longevity insurance guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a later date, which may be utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated assets. | 12-22-2011 |
| 20110295623 | SYSTEM AND METHOD FOR WORKERS COMPENSATION DATA PROCESSING AND TRACKING - The present invention relates to a workers compensation related insurance complaint management, processing and reporting system. According to some embodiments, an insurance complaint is received at a conversion system for processing. The received information may be converted to a specified format to populate an interactive web form. The web form may be augmented by various third party data sources and information may be additionally pre-filled through the conversion process. Automated complaint management reminders are generated by the system. | 12-01-2011 |
| 20110282696 | METHOD AND SYSTEM FOR PROCESSING DATA RELATED TO A DEFERRED ANNUITY HAVING A MINIMUM CONTRACT VALUE - A computer-implemented process for processing data related to an investment product having a guarantee of withdrawals available on a periodic basis includes receiving by a processor data indicative of a request for a withdrawal from an account of the investment product, the amount of the withdrawal, aggregated with amounts of any other withdrawals during a current time period, being no more than a maximum amount available for withdrawal during the time period in accordance with the guarantee. The processor determines whether the current account value is at or below a minimum account value, and, responsive to determining that the current account value is at or below the minimum account value, provides an output signal having data indicative that the current account value is not to be changed as a result of payment of the withdrawal. | 11-17-2011 |
| 20110276721 | Real-time single entry multiple carrier interface (SEMCI) - A method and system for converting XML files to and from files in a data format based on hierarchies in real-time. A method for converting from XML to the data format based on hierarchies includes: applying a stylesheet to at least one XML file thereby generating at least one data record in an intermediate format and including information included in the at least one XML file; and, translating the at least one record in the intermediate format to the data format based on hierarchies. A method for converting from a data format based on hierarchies to XML includes: translating at least one record including information stored in the file format based on hierarchies to an intermediate format; and, applying a stylesheet to the at least one record in the intermediate format thereby generating at least one XML file being indicative of the information and suitable for transmission. | 11-10-2011 |
| 20110276352 | SYSTEM AND METHOD FOR INSURANCE VENDOR SELF-AUDITS - A computerized system and computer-implemented method for enabling insurance vendor self-audits that receives referral data from a vendor, samples the referrals, assigns audit questions to each referral within the sample of referrals, presents the audit questions to the vendor and receives answers from the vendor, scores the answers based on rules, and reports the audit scores. | 11-10-2011 |
| 20110270781 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO AN ANNUITY USING AN INDEX-BASED AMOUNT TO CREDIT TO A CONTRACT VALUE - A computer system for processing data related to an annuity product, the annuity product having a contract value and a minimum interest rate, is configured to determine an amount of interest for crediting to the contract value based on the contract value and the value of the interest rate; determine a difference between the current value of an index independent of the value of any financial instrument and the prior period value of the index; based on the determined difference between the current value of the index and the prior period value of the index, determine a value of an additional amount for crediting to the contract value; and, based on the contract value, the amount of interest for crediting and the value of the additional amount for crediting, determine an updated contract value. | 11-03-2011 |
| 20110270637 | METHOD AND SYSTEM FOR PROCESSING DATA FOR A DEFERRED ANNUITY WITH AVAILABLE BENEFIT PAYMENTS RELATED TO AN INCREASING WITHDRAWAL PERCENT - A computer implemented data processing system and method processes data relating to a deferred annuity contract during the accumulation phase for a relevant life. The system is configured to determine an amount of an available benefit payment, available on a periodic basis for withdrawal without reduction of a payment base value, the available benefit payment amount being based on a withdrawal percent value and one of a payment base value and a contract value. The withdrawal percent value increases automatically after a first of the benefit payments. | 11-03-2011 |
| 20110264604 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO CONVERTIBLE FINANCIAL INSTRUMENTS - The present invention provides a system and method for administering an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares certifies that an individual is entitled to receive a predetermined, periodic income payment for the life of the purchaser. Additionally, the lifetime income shares of the present invention may be purchased and distributed to participants by a third party (e.g. commingled fund). The third party wishing to provide the lifetime income shares of the present invention to participants may purchase a predetermined amount of shares of an annuity from the underwriting organization and distribute it to the participants. This plan has an investment phase, a distribution phase, and a payout phase. Once the payout phase begins, the stream of monthly income commences at a specified age or date. | 10-27-2011 |
| 20110238453 | METHOD AND SYSTEM FOR PROCESSING DATA RELATED TO A LIFE INSURANCE POLICY HAVING AN ACCELERATED BENEFIT - Disclosed is a novel insurance product that provides an accelerated death benefit to the insured individual. The insurance product contains a lifeaccess accelerated benefit feature that allows the insured individual to file a claim and receive benefits under a life insurance product if the insured individual becomes chronically or terminally ill. | 09-29-2011 |
| 20110218936 | METHOD AND SYSTEM FOR PROCESSING DATA RELATED TO A DEFERRED ANNUITY WITH AVAILABLE BENEFIT PAYMENTS AND A DEFERRAL BONUS - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and benefit payments. A maximum annual benefit payment withdrawal amount available without reducing the payment base value is calculated by multiplying the payment base value by a factor including a deferral bonus percent, which is a function of a number of years deferred by the relevant life until taking a first lifetime benefit payment. | 09-08-2011 |
| 20110218827 | SYSTEM AND METHOD FOR UTILIZING INTERRELATED COMPUTERIZED PREDICTIVE MODELS - The invention relates to a system for handling insurance requests, such as new coverage applications, renewal applications, and insurance quote requests. The system includes at least two computerized predictive models whose outputs each serve as inputs to the other. A business logic module is included in the system to process insurance requests with the predictive models to determine one or more sets of recommended policy parameters for the user and to output the determination to the user via a user interface. In various embodiments, the predictive models also output workflow components (such as underwriting workflow components) and price components (such as premium prices) corresponding to output suggested sets of coverage parameters. | 09-08-2011 |
| 20110191125 | SYSTEM AND METHOD FOR IDENTIFYING AND EVALUATING NANOMATERIAL-RELATED RISK - A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score. | 08-04-2011 |
| 20110184766 | Systems and methods for prospecting and rounding business insurance customers - Systems and methods are disclosed herein for identifying potential insurance prospects. The potential customers or prospects are identified by determining prospect underwriting affinity scores, prospect affinity scores, and prospect context scores with predictive models. The scores are then combined into a combined prospect score, which is used to adjust insurance underwriting, workflow, and premium determination processes for the prospects. | 07-28-2011 |
| 20110179048 | METHOD AND SYSTEM FOR PROCESSING MEDICAL PROVIDER CLAIM DATA - A computer system for processing data related to medical insurance has a communications device in communication with a network; a data storage device in communication with the communications device; and a processor in communication with the communications device and the data storage device. The processor is configured to receive, via the communications device, from a first source data indicative of medical provider claims, from a second source data indicative of insurance payments, and from a third source data indicative of medical provider data; identify common information items in said data from said first, second and third sources; and store the received data, in a data storage device, in a database, wherein said data from said first, second and third sources is cross-referenced with regard to said common information items. | 07-21-2011 |
| 20110166896 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO A LIFE INSURANCE POLICY HAVING AN ACCELERATED DEATH BENEFIT - A method for processing data related to a life insurance product having a death benefit amount payable to a beneficiary upon death of an insured includes receiving data indicative of certification that the insured is chronically ill, and responsive to receipt of the data indicative of the certification, providing output signals having data indicative of instructions to pay an owner of the life insurance product periodic payments, during the lifetime of the insured, each of which periodic payments reduces the death benefit amount. | 07-07-2011 |
| 20110153367 | SYSTEMS AND METHODS FOR LINKING VEHICLES TO TELEMATICS-ENABLED PORTABLE DEVICES - Systems and methods are disclosed herein for transmitting telematics data from a vehicle. The systems include a smartphone holder that provides a communications link between a smartphone and a vehicle computer, through the smartphone dataport and the vehicle onboard diagnostics (OBD) port. The smartphone holder is configured to keep the smartphone in a stable, known position and orientation with respect to the vehicle, such that data from an accelerometer in the smartphone can be calibrated. The smartphone accelerometer data and telematics data from vehicle telematics sensors is then transmitted via the smartphone or stored locally. | 06-23-2011 |
| 20110145019 | SYSTEM FOR FUNDING THIRD-PARTY-ADMINISTERED LOSSES - A computerized system for funding third-party-administered insurance claims includes at least one processor configured to provide a claim data throughput module for receiving at least one claim transaction from at least one third party administrator, an administrative services module for receiving at least one bank transaction from at least one third party administration, for passing at least one bank transaction to a bank, and for receiving at least one paid file from a bank, and a transactions matching engine for validating at least one bank transaction based upon at least one claim transaction, and for determining completion of at least one bank transaction based upon at least one paid file. | 06-16-2011 |
| 20110131152 | METHOD AND SYSTEM FOR A DEFERRED VARIABLE ANNUITY WITH BENEFIT PAYMENTS AS A FUNCTION OF AN ADJUSTMENT FACTOR - A computer implemented data processing system and method processes data associated with a deferred variable annuity contract during the accumulation phase for a relevant life. The data includes a payment base value, a contract value, a withdrawal percent and a formula for determining an available benefit payment amount without reduction of the payment base value. The formula includes as factors the payment base value, the withdrawal percent, and an adjustment factor dependent on a period of deferral from a time a benefit payment withdrawal was first available until a first benefit payment withdrawal request and a period of time since the first benefit payment withdrawal request. | 06-02-2011 |
| 20110131071 | SYSTEM AND METHOD FOR INCREASING CAPACITY IN AN INSURANCE SYSTEM - The invention relates, in various aspects to systems, methods, and computer readable media suited for implementing a commonly administered, quota share-based multi-insurer primary insurance system. | 06-02-2011 |
| 20110131070 | METHOD AND SYSTEM FOR A DEFERRED VARIABLE ANNUITY WITH FLEXIBLE BENEFIT PAYMENTS - A computer implemented data processing system and method processes data associated with a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and available benefit payments. The system stores data indicative of a payout period having a duration greater than a year and a maximum total withdrawal percent for the payout period. The product of the maximum total withdrawal percent and the payment base value is a maximum benefit payment amount that may be withdrawn during the payout period without reducing the payment base value. | 06-02-2011 |
| 20110125651 | SYSTEM AND METHOD FOR ADMINISTERING LIFE INSURANCE POLICIES ISSUED PRIOR TO UNDERWRITING - A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of an application and an initial premium payment from a proposed insured for life insurance; based on the received data, determine whether the proposed insured is uninsurable; responsive to a determination that the proposed insured is not uninsurable, generate an output signal having data indicative of a decision to respond to the application by issuing a policy and commencing a comprehensive underwriting process; receive data indicative of a result of the comprehensive underwriting process; based on the result of the comprehensive underwriting process, determine a rating of the proposed insured; and, based on the rating, provide an output signal indicative of a same or changed premium for the policy. | 05-26-2011 |
| 20110125537 | SYSTEM AND METHOD FOR APPLICATION PROCESSING AND POLICY ADMINISTRATION FOR INSURANCE POLICIES ISSUED BEFORE COMPREHENSIVE UNDERWRITING - A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of application data and data indicative of a health of a proposed insured; based on the received data, determine whether the proposed insured is eligible, and generate an output signal to cause a policy to be generated and comprehensive underwriting to commence. Upon completion of comprehensive underwriting, additional policy documents may be determined. Calculations of commissions and reinsurance premiums may be made upon issue of a policy and recalculated upon completion of comprehensive underwriting. | 05-26-2011 |
| 20110125536 | SYSTEM AND METHOD FOR ADMINISTERING INSURANCE POLICIES ISSUED BEFORE COMPREHENSIVE UNDERWRITING - A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of an application and an initial premium payment from a proposed insured for life insurance; based on the received data, determine whether the proposed insured is eligible for life insurance issued before completion of comprehensive underwriting; responsive to a determination that the proposed insured is eligible, generate an output signal having data indicative of a decision to respond to the application by issuing a policy and by commencing a comprehensive underwriting process. The processor may be configured to receive data indicative of a result of the comprehensive underwriting process and based on the result of the comprehensive underwriting process, provide an output signal indicative of policy changes. | 05-26-2011 |
| 20110119574 | SYSTEM AND METHOD FOR TRANSLATING INSURANCE-RELATED DATA - A computer system includes a processor; and a memory storage device in communication with the processor. The processor is adapted to: receive via a computer communications network a user identification and an identification of an electronic file having user-generated insurance-related data; provide an output signal for display to the user a prompt for the user to provide mapping data mapping a plurality of insurance-related data fields data identifiers in the user-data electronic file; receive mapping data in response to the prompt; access the user electronic file; employing the received mapping data, map data elements identified in the user-data electronic file, to a document in a predetermined format; verify that the received mapped data constitutes complete data to submit in connection with an insurance transaction; and provide an output signal including data constituting the document in a predetermined format to a system for further processing in accordance with an insurance transaction. | 05-19-2011 |
| 20110119206 | METHOD AND SYSTEM FOR PROCESSING DATA FOR A DEFERRED VARIABLE ANNUITY WITH BENEFIT PAYMENTS AS A FUNCTION OF A PREDETERMINED TIME-BASED WITHDRAWAL PERCENT - A computer system for processing data relating to a deferred variable annuity contract during the accumulation phase has a storage device having data including a contract value, a payment base value, and a formula for determining amounts of available benefit payments during a time period, without reduction of the payment base value, using a withdrawal percent based on a time elapsed from a purchase date of the contract. A processor is configured to access an applicable withdrawal percent and determine an available benefit amount during a time period based on the applicable withdrawal percent and a withdrawal base value. | 05-19-2011 |
| 20110119096 | Method And System For A Deferred Variable Annuity With Benefit Payments As A Function Of An Age-Based Withdrawal Percent - A computer system for processing data relating to a deferred variable annuity contract during the accumulation phase includes a data storage device storing data relating to the deferred variable annuity contract, including a payment base value, a contract value, a withdrawal percent, a birth date of a relevant life, and a formula for determining, based on the withdrawal percent and a withdrawal base value, an available periodic benefit payment amount that does not decrease the payment base; and a processor. The processor is configured to determine a withdrawal percent applicable to a date, based on whether the date is prior to a date of a selected birthday of the relevant life. | 05-19-2011 |
| 20110119095 | SYSTEM AND METHOD FOR ADMINISTERING A LIFETIME INCOME SHARE PLAN - The present invention provides a system and method for administering an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a specified age. Furthermore, the guaranteed stream is utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated liquid assets. | 05-19-2011 |
| 20110106670 | SYSTEM AND METHOD FOR USE IN MANAGEMENT OF FINANCIAL ASSETS - A computer system has a processor; and a memory storage device in communication with the processor. The processor is configured, in a business cycle, to access fund expense calculation data and perform verification of the fund expense calculation data; receive data indicative of prices of the funds, perform verification with respect to the received price data; after completion of verification of the fund price data, receive data indicative of trades, perform verification on the received trade data; after completion of verification of the trade data, provide output signals indicative of instructions for execution of trades consistent with the verified price and trade data; based on the trade instructions data, determine instructions for payment in settlement of trades, provide output signals indicative of the instructions for payment; and update accounting ledgers with data from the business cycle. | 05-05-2011 |
| 20110106567 | SYSTEM AND METHOD FOR INTELLIGENTLY TRACKING AND MANAGING CLAIM BASED CALCULATIONS - A method, system, apparatus, and computer-readable medium for managing and administering a spreadsheet-driven additional living expense calculators are disclosed. Third party data provides data input to the dynamic calculator and validation rules are implemented to preserve data integrity for calculating additional living expenses for policyholders. The system includes a graphical visual interface adapted to receive input of and display a plurality of additional living expense related values, an external data module for communicating one or more additional living expense related values for display on the graphical visual interface, a validation engine for validating the additional living expense values, the validation engine configured to compare a plurality of additional living expense input values with a plurality of additional living expense reference values, and to provide a visual indication based upon one or more of the comparisons, a calculation module for determining one or more payment values based on the validated additional living expense values and a communications module for providing instructions related to payment of the calculated additional living expense values. | 05-05-2011 |
| 20110099035 | METHOD AND SYSTEM FOR PROVIDING A FIXED RATE ANNUITY WITH A RESET INTEREST RATE FEATURE - A data processing method and system administers a deferred annuity product during the accumulation phase of a contract term. The annuity product permits the client to select both an interest rate which is reset periodically (reset rate) and an interest rate which is guaranteed for multiple years (MYG rate), during the same contract term. The client may elect to automatically switch from the reset rate to the MYG rate, for the remainder of the contract term, when the reset rate falls below the MYG rate. | 04-28-2011 |
| 20110077982 | SYSTEM AND METHOD FOR ADMINISTRATION OF LIFE INSURANCE POLICY WITH ACCELERATED BENEFITS - A computer system for administering a life insurance policy is configured to, responsive to receipt of certification that the insured has either loss of ability to perform two activities of daily living or cognitive impairment, provide instructions to pay an owner of the policy, in periodic payments, an accelerated benefit, the accelerated benefit being in an amount less than the death benefit, a first of the periodic payments being for a time period commencing on a date of receipt of the certification, and continuing until the insured no longer has the loss of ability to perform two activities of daily living or cognitive impairment. The system is further configured to, responsive to each of the periodic payments, determine a reduction of the amount of the death benefit by an amount of each of the periodic payments. | 03-31-2011 |
| 20110077979 | LIFETIME INCOME - The present invention provides an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a specified age. Furthermore, the guaranteed stream is utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated liquid assets. | 03-31-2011 |
| 20110077975 | SYSTEM AND METHOD FOR RFID-ENABLED TRACKING OF INSURANCE CLAIMS PACKAGES AND PAYMENTS - A computerized system for RFID-enabled tracking and automated processing of insurance claims packages includes a package generation module, a package dispatching module, a package receiving module, and a package check module. The system generates, processes, and tracks the processing status of RFID-tagged insurance claim packages. Each RFID-tagged insurance claim package includes at least one document with an associated RFID device encoded with information including an identifying indicator. The system modules query each associated RFID device to determine how each RFID-tagged insurance claim package should be handled. | 03-31-2011 |
| 20110066453 | METHOD AND SYSTEM FOR AN ENHANCED STEP-UP PROVISION IN A DEFERRED VARIABLE ANNUITY WITH A RISING GUARANTEED STEP-UP - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision. | 03-17-2011 |
| 20110060670 | SYSTEM AND METHOD FOR MANAGING DATA RELATING TO INVESTMENTS FROM A VARIETY OF SOURCES - A computer system for furnishing data relating to investments has a processor and one or more memory storage devices in communication with the processor. Data relating to investments is stored in the one or more memory storage devices. A catalog includes at least data stored in at least one of the one or more memory storage devices, the data including at least logical locations for the data relating to investments. The processor is adapted to execute services for calling to the catalog for locations of the data, and, employing at least logical locations of the selected data obtained from the catalog, access the selected data from at least one of the memory storage devices, perform one or more operations on the selected data, and provide the selected data for display to a user. | 03-10-2011 |
| 20110040581 | LIFE SPAN SOLUTION-BASED MODELING - A computer-implemented simulation calculates financial consequences and likelihoods for a large number of potential real life events based on demographic data and based on an individual's responses to a questionnaire, in order to predict which types of financial products might best serve the individual's long term needs based on market trends extrapolated from historical market data. The computer-implemented simulation model provides an objective, non-speculative basis for recommending financial products that are most likely to meet the individual's present and future financial needs. The model assumes that any number of different products can satisfy customer needs for matters such as wealth generation, wealth and social status preservation, wealth transfer, or charitable giving. The model also factors whether existing and anticipated funding sources are to be dispensed in the form of a sinking or sustainable fund. Product affordability is also taken into consideration. | 02-17-2011 |
| 20110022421 | SAFETY EVALUATION AND FEEDBACK SYSTEM AND METHOD - Systems and methods are discussed for providing a sensor enhanced employee safety evaluation system. Sensors that monitor employee behavior are placed at the workplace of an insured entity. Data from the sensors are processed to obtain a safety evaluation. Based on the safety evaluation, the insurance provider can adjust the terms of the insurance policy to accurately reflect the risks associated with the insured entity. Feedback based on the safety evaluation is also provided to the insured entity and the employees of the insured entity to promote improvements in safe behavior. | 01-27-2011 |
| 20110016061 | SYSTEM AND METHOD FOR MANAGING AND ADMINISTERING A LIFETIME INCOME SHARE PLAN - The present invention provides a system and method for administering an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares certifies that an individual is entitled to receive a predetermined, periodic income payment for the life of the purchaser. Additionally, the lifetime income shares of the present invention may be purchased and distributed to participants by a third party (e.g. comingled fund). The third party wishing to provide the lifetime income shares of the present invention to participants may purchase a predetermined amount of shares of an annuity from the underwriting organization and distribute it to the participants. This plan has an investment phase, a distribution phase, and a payout phase. Once the payout phase begins, the stream of monthly income commences at a specified age or date. | 01-20-2011 |
| 20110010310 | METHOD AND SYSTEM FOR A STEP-UP PROVISION IN A DEFERRED VARIABLE ANNUITY WITH A RISING GUARANTEED STEP-UP - A computer implemented data processing system and method for administering a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision. | 01-13-2011 |
| 20100332264 | SYSTEM AND METHOD FOR ADMINISTERING DEFERRED TERM LIFE INSURANCE ASSOCIATED WITH A SAVINGS PLAN - A computer system for administering a plan for providing life insurance associated with a savings plan to attain a target balance at a target date, the system having a processor and a memory in communication with the processor. The processor is adapted to, responsive to receiving data including a death of the insured, determine whether the death occurred after a deferral period and before the target date. The processor is further adapted to, responsive to determining that the death occurred after the deferral period and before the target date, determine a death benefit amount based on the date of death, the death benefit amount being less than the target balance; and provide an output signal indicative of the amount of the death benefit to be paid to the savings plan. | 12-30-2010 |
| 20100324942 | SYSTEM AND METHOD FOR RECEIVING AND EVALUATING REQUESTS FOR INSURANCE PROPOSALS - A computer system for receiving and evaluating requests for quotes for insurance services includes a processor; and a memory storage device in communication with the processor. The processor is adapted to: receive via a communications interface data including a request for a quote to provide insurance services with respect to a first risk; verify and augment the received data with respect to one or more sources of data; determine based on the verified and augmented received data whether a quote will be provided with respect to the first risk; and provide an output signal including the received data and at least a portion of the augmented data to a third party server. | 12-23-2010 |
| 20100305976 | SYSTEM AND METHOD FOR ADMINISTERING LAST SURVIVOR LIFE INSURANCE POLICY - A computer system for administering a last survivor life insurance policy paying a death benefit on the death of the last survivor of insureds, includes a processor; and a memory storage device in communication with the processor. The processor is adapted to: determine at least one variable of a feature related to the policy based on a mortality charge based on, for each future year of the policy, a sum of the statistical likelihoods of the deaths of each of the insureds determined as of the policy issue date; store data indicative of the determined variable; output a signal having data indicative of the determined variable; access data indicative of whether any of the insureds is deceased; if all of the insureds are deceased, access data indicative of the death benefit amount under the policy and an identity of a beneficiary, the identity including at least a name and address; and output a signal having data indicative of the amount of the death benefit under policy and the identity of the beneficiary. | 12-02-2010 |
| 20100299161 | SYSTEM AND METHOD FOR ADMINISTERING SUBROGATION RELATED TRANSACTIONS - A computer system for administering an intelligent subrogation transaction includes a processor and a memory in communication with the processor. The processor may be configured to prompt a user for data regarding a new subrogation transaction, store received data, access from the memory data related to existing subrogation transactions, perform subrogation related calculations including application of one or more predictive and regulatory business rules; provide an output signal comprising data indicative of a response based on a result of the application of the business rules; receive user instructions for preparation of a communication including data indicative of the response, and provide the prepared communication. | 11-25-2010 |
| 20100299160 | SYSTEM AND METHOD FOR PROVIDING FLEXIBLE AND PREDICTABLE INCOME - A computer system for administering a retirement income guarantee contract includes a communications module for receiving and transmitting data, and an administration module. The administration module has: an account initiation module for storing contract data including: an initial premium amount paid on which an accumulation balance is initially based; a target payout commencement date and a payout commencement date range including the target payout commencement date; payout rates fixed at the time of payment of the initial premium amount for determining income payments for payouts commencing at dates within the range; and one or more crediting rates fixed at the time of payment of the initial premium amount for determining increases in accumulation balance until the payout date. A payout administration module determines a payout amount based on the accumulation balance at the payout date and the fixed payout rate applicable to the payout date. | 11-25-2010 |
| 20100287131 | SYSTEM AND METHOD FOR DYNAMIC MULTI-PLATFORM HANDLER ASSIGNMENT - According to one embodiment, an intelligent contact handler management system can proxy contact inquiry requests, aggregate contact handler availability, capability and expertise and dynamically select, reserve and assign an optimal contact handler from a group of contact handlers to the contact inquiry. An intermediate communications proxy mediates customer inquiry requests and manages communications between a central contract management server and a plurality of communication sub-systems in communication with contact handlers. Community derived expertise information is used to select a contact handler. | 11-11-2010 |
| 20100268575 | PROCESSING AND DISPLAY OF SERVICE PROVIDER PERFORMANCE DATA - Disclosed are computing systems, apparatus, methods, and articles of manufacture for processing and displaying service provider performance data. In insurance and related industries, service providers perform assignments such as repairing smoke or water damage. Assignments may be performed pursuant to a service level agreement (SLA) between a provider and an insurance company. Service provider performance data reflects how well service providers perform their assigned tasks, and may contain subjective or qualitative values. Service provider performance data is stored in computer-readable storage media and is accessed by a computing system. The computing system selects a number of performance criteria to analyze, such as quality of service criterion, cycle time, and customer satisfaction. The computing system aggregates performance data related to the selected criteria and generates quantitative values from subjective or qualitative values. The computing system generates a vendor quality index (VQI) based on the quantified data. The generated quantitative values and VQI may be rendered on a display device or printed on a printer to facilitate objective comparisons between different service providers. Based on the generated quantitative values and VQI, the computing system may adjust parameters that affect how the VQI is determined, initiate electronic debits or credits to accounts corresponding to service providers, and/or generate user alerts. | 10-21-2010 |
| 20100262437 | SYSTEM AND METHOD FOR ADMINISTERING INCOME REPLACEMENT AND LONGEVITY INSURANCE - A computer system for administering an insurance account for providing income replacement and longevity insurance for a primary wage earner and a beneficiary has a processor and a memory storage device in communication with the processor. The processor is adapted to access data indicative of whether the account is in an income replacement phase, an intermediate phase or a longevity phase. The processor is adapted to, if the primary wage earner is deceased and the beneficiary is not deceased, and the account is in the income replacement phase, output a signal having data indicative of one or more payments to the beneficiary. The processor is also adapted to, if the account is in the longevity phase, and either of the primary wage earner or the beneficiary are not deceased, access data indicative of a schedule of periodic payments, including dates and amounts of payments, to at least one of the primary wage earner and the beneficiary for a term continuing until the last to die of the beneficiary and the primary wage earner. | 10-14-2010 |
| 20100241466 | CASH BALANCE PENSION ADMINISTRATION SYSTEM AND METHOD - A cash balance pension plan setup and administration system based on a server connected to a network and accessible by user devices via the network, includes: a plan set up module configured for set up of a cash balance pension plan from one of the devices via the network, the plan set up module having pre-defined plan provisions and being configured to cause the device to prompt a user to select among the pre-defined plan provisions and to receive the selections and to establish a new cash balance plan in accordance with the received selections. The system further has a calculation engine configured to use stored formulas and the received selections to perform calculations for implementation of the new cash balance pension plan and an administrator module for establishing and determining rights of one or more administrators accessing the system via the network. | 09-23-2010 |
| 20100241465 | SYSTEMS AND METHODS FOR SENSOR-ENHANCED HEALTH EVALUATION - Systems and methods are discussed for providing sensor enhanced safety, recovery, and activity evaluation systems. Sensors that monitor user activity and behavior are worn by a user and/or placed in the user environment. Data from the sensors are processed to obtain a safety, recovery, and/or activity evaluation. Based on the evaluation, recommendations or adjustments to the terms of an insurance policy covering the user, the user's employer, or a facility providing health care to the user to accurately reflect the risks associated with the user, employer, and/or facility. | 09-23-2010 |
| 20100241464 | SYSTEMS AND METHODS FOR SENSOR-ENHANCED RECOVERY EVALUATION - Systems and methods are discussed for providing sensor enhanced safety, recovery, and movement evaluation systems. Sensors that monitor user activity and behavior are worn by a user and/or placed in the user environment. Data from the sensors are processed to obtain a safety, recovery, and/or activity evaluation. Based on the evaluation, recommendations or adjustments to the terms of an insurance policy covering the user, the user's employer, or a facility providing health care to the user to accurately reflect the risks associated with the user, employer, and/or facility. | 09-23-2010 |
| 20100228581 | COMPLAINT TRACKING, IMAGING AND PROCESSING SYSTEM - The present invention relates to an insurance complaint document management and processing system that interfaces with a state Department of Insurance. According to some embodiments, an insurance complaint document is received at a document conversion system. The received document may be converted to a document image may be automatically matched to insurance policy information. It may then be arranged to provide the document image and the insurance policy information for resolution. | 09-09-2010 |
| 20100223079 | SYSTEM AND METHOD FOR COMPUTERIZED INSURANCE RATING - The invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect, it integrates an older legacy insurance policy generating system to on-line rating systems where users access the system through browsers. The computer system to perform the process of dynamically rating includes generating an input XML file of risk information that is sent to a web service and calculated in a calculation engine. The processed data is retrieved by the web service and transmitted as an XML file to a user interface that parses the rating information and displays the data. | 09-02-2010 |
| 20100198720 | METHOD AND SYSTEM FOR AUCTIONING ASSETS AND VALUING SAME - A method and system for conducting, managing and executing over a communication network, an auction of claims or assets to buyers having expressed interest in purchasing claims or assets is presented. The method includes placing an indication of the availability of at least one of said assets at a remote site, wherein said indication is accessible by each of said buyers over said network, notifying at least one buyer predeterminedly expressing interest in items contained within said claims or assets of the availability of said at least one claim or asset, determining a market value of said at least one claim or asset based on historical data of same or similar claims or assets, dynamically adjusting the market value, conducting an interactive bidding process, notifying one of the bidding buyers of acceptance of a corresponding bid when said bid satisfies predetermined criteria, and recording the accepted bid. | 08-05-2010 |
| 20100191668 | SYSTEM AND METHOD FOR ADMINISTERING INVESTED FUNDS - A computer system for administering investment funds holding shares of funds includes a processor and a memory storage device in communication with the processor. The processor is adapted to access from the memory storage device data indicative of allocation targets for allocating invested funds among two or more funds in two or more investment categories; receive data indicative of current holdings of shares, subscriptions and redemptions, and including security values, prices and fund value data; calculate the current allocations among investment categories and determine any differences between the current allocations and the allocation targets; allocate the subscriptions in accordance with the differences between the current allocations and the allocation targets, and allocate the redemptions in accordance with the differences between the current allocations and the allocation targets. | 07-29-2010 |
| 20100174566 | SYSTEMS AND METHODS FOR ANALYZING SENSOR DATA - The invention herein generally pertains to underwriting an insurance policy utilizing sensors to detect, determine, measure and assess one or more conditions, states of affairs, physical properties and process as each relates an insurable property interest. More specifically is disclosed a method and computerized system for managing the underwriting, quoting and binding an insurance policy with regard to the technology used to militate against the financial consequences of certain property losses. The significance of operable safety related devices or system loads are important diagnostic safety markers for measuring one or more properties affecting the safety or risk aversion and for underwriting an insurable interest. This invention also relates to a system and a method for acquiring and assessing the qualities, variables and parameters that affect the underwriting premium for a building structure (commercial or residential), vehicle, aircraft, marine craft or cargo. | 07-08-2010 |
| 20100174565 | METHOD AND SYSTEM FOR PROVIDING MINIMUM CONTRACT VALUES IN AN ANNUITY WITH LIFETIME BENEFIT PAYMENTS - A data processing method administers a deferred annuity product during the accumulation phase for a relevant life. The annuity product has a contract value, a guarantee of lifetime benefit payments and a minimum contract value. Administration of the product determines a minimum contract value, while paying a lifetime benefit payment and a guaranteed death benefit. The lifetime benefit payment does not reduce the contract value below the minimum contract value. If necessary, the lifetime benefit payment is funded by the general account assets of the company that issues the annuity product. | 07-08-2010 |
| 20100162263 | COMPUTER SYSTEM AND COMPUTER-IMPLEMENTED METHOD FOR USE IN LOAD TESTING OF SOFTWARE APPLICATIONS - A computer system for use in load testing a service-oriented architecture (SOA) service has a processor and a memory storage device in communication with the processor. The processor is adapted to receive an XML message, an address for a service to be tested, an action compliant with a protocol for exchanging structured information in a decentralized, distributed environment and associated with the service; create and store in memory a template message package compliant with the protocol; create a populated message package compliant with the protocol by incorporating in the template message package the XML message, the address and the action; establish a connection to the service and furnish one or more documents and attachments to the service; and receive a response from the service. | 06-24-2010 |
| 20100153522 | Real-time single entry multiple carrier interface (SEMCI) - A method and system for converting ACORD XML files to and from ACORD AL3 files in real-time. The method for converting from ACORD XML to ACORD AL3 format includes: applying a stylesheet to at least one ACORD XML file thereby generating at least one data record in an intermediate format and including information included in the at least one ACORD XML file; and, translating the at least one record in the intermediate format to ACORD AL3 format. The method for converting from ACORD AL3 files to ACORD XML files includes: translating at least one record including information stored in the ACORD AL3 file format to an intermediate format; and, applying a stylesheet to the at least one record in the intermediate format thereby generating at least one ACORD XML file being indicative of the information and suitable for transmission. | 06-17-2010 |
| 20100153262 | SYSTEM AND METHOD FOR ADMINISTERING INSURANCE AND LOAN ACCOUNTS - A computer system for administering an insurance policy and a loan made to the insured, includes a processor and a memory in communication with the processor. The processor is adapted to: access from the memory storage device data relating to the insurance policy and the loan; determine, based on the accessed data, an amount of a withdrawal from the insurance policy and an amount of a payment on the loan; determine, by deducting the amount of the payment on the loan from the amount of the withdrawal, an amount of a payment, if any, to the insured; and provide output signals to a payment system to implement the payment on the loan and the payment, if any, to the insured. | 06-17-2010 |
| 20100153140 | SYSTEM FOR REDUCING THE RISK ASSOCIATED WITH AN INSURED BUILDING STRUCTURE THROUGH THE INCORPORATION OF SELECTED TECHNOLOGIES - A method and computerized system is disclosed for managing the underwriting, quoting and binding an insurance policy with regard to the technology used to militate against the financial consequences of property losses. The invention utilizes a classifier for categorizing and weighing risk, composed of data representing in an identified building, a first unmitigated insurance risk and a second insurance risk, based upon the use of certain technology. A plurality of such weights are summed such that the weights generate a minimized risk for a building structure under consideration. combinations of technologies, employed in existing building structures to a classification, which then permits an underwriter to establish a premium. In another aspect of the invention data structures representing the quantification of risk reduction attendant a given technology or product are chained into a plurality of decision trees that process a construction phase and a pruning phase. | 06-17-2010 |
| 20100138245 | METHOD AND SYSTEM FOR PROVIDING A FIXED RATE ANNUITY WITH A LOCK-IN INTEREST RATE FEATURE - A data processing method and system administers a deferred annuity product during the accumulation phase of a contract term. The annuity product permits the client to select both an interest rate which is reset periodically (reset rate) and an interest rate which is guaranteed for multiple years (MYG rate), during the same contract term. The client may elect to automatically switch from the reset rate to the MYG rate, for the remainder of the contract term, when the reset rate falls below the MYG rate. | 06-03-2010 |
| 20100131423 | SYSTEM AND METHOD FOR ADMINISTERING A DESTINATION FUND HAVING AN ASSOCIATED GUARANTEE - A system is provided for administering a destination fund having a guarantee wrapper. The guarantee provides an income stream for life to one or more investors. The destination fund has a selected mix of equities and fixed income investments to provide for enhanced returns throughout retirement for the investor. The destination fund additionally provides income stream flexibility throughout the lifetime of the investor. Administration of a destination fund having a guarantee wrapper may include initiating a guarantee payment process if a value of the destination fund falls below a threshold. | 05-27-2010 |
| 20100125481 | SYSTEM AND METHOD FOR PROVIDING INVESTMENT PRODUCTS - The invention relates, in various aspects, to systems, methods, and computer readable media suited for enabling partial owners of wholesale broker dealers to participate in providing investment products. Reports of wholesale fees received by and expenses incurred by a wholesale broker-dealer, in relation to wholesale support services for investment products, are stored. The wholesale support services are provided to registered representatives of a separate retail broker-dealer who are affiliated with the partial owners. The wholesale fees and expenses are allocated among the partial owners. A distribution is determined and effected for each partial owner based on a difference between the wholesale fees and the expenses allocated to the respective partial owner. | 05-20-2010 |
| 20100100399 | SYSTEM AND METHOD FOR ADMINISTERING INSURANCE ACCOUNTS - A computer system for administering an insurance account includes a processor and a memory in communication with the processor. The processor is adapted to: access from a memory storage device data indicative of a payment mode associated with premium payments to the account or payments from the account; access from the memory data indicative of a calculation associated with the account dependent on the payment mode; perform the calculation based on the accessed payment mode dependent data; and provide an output signal having data indicative of the performed calculation. | 04-22-2010 |
| 20100100398 | SOCIAL NETWORK INTERFACE - A system and method for providing online insurance quotes to a client on a social network web site includes an insurance server adapted to execute a coverage calculator application and an insurance database in communication with the insurance server for storing a plurality of personas, a plurality of insurance coverage options associated with each persona, and a price quote associated with each insurance coverage option. The system is in communication with a platform application on the social network web site. The platform application is in communication with a social network database for storing user content of the social network client. In one embodiment, the platform application uses an inference engine to query the user content of the social network client and return a set of inferred characteristics. The coverage calculator application selects a persona in response to the set of inferred characteristics and selects one of the insurance coverage options in response to the selected persona. | 04-22-2010 |
| 20100094666 | SYSTEM AND METHOD FOR PROCESSING AND TRANSMITTING PAYROLL-RELATED DATA FOR INSURANCE TRANSACTIONS - A computer system accesses payroll-related insurance premium data at an individual employee level and provides the data at the individual employee level, including cost of insurance at the individual employee level, on a client device. A computer system compares stored data with payroll data and identifies employees lacking occupation classification information for payroll-based premium determination. The computer system provides a fillable form on a user device for the user to provide occupation classification data, and receives the occupation classification data. The computer system provides fillable forms on a user device for a user to provide payroll data for receipt by the system, runs business rules on the received payroll data, determines premiums for payroll-based insurance coverage. | 04-15-2010 |
| 20100094660 | SYSTEM AND METHOD FOR ADMINISTRATION OF COSTS RELATED TO ANNUITIES - A system for administration of an insurance annuity account has a processor and a memory. The processor receives a net asset value of the account at a commencement of a first period and a charge applicable to the account based on a fraction of the net asset value of the account; on a basis of a second period, shorter than the first period, throughout the first period: the processor calculates a fractional charge based on the net asset value of the account, and updates the net asset value by decrementing the net asset value in the amount of the fractional charge. At the end of the first period, the processor compares a charge for the first period based on the net asset value of the account on one day during the first period to a sum of the fractional charges for the first period, and increases the net asset value by the difference if the first period charge is less than the sum of the fractional charges. | 04-15-2010 |
| 20100088124 | SYSTEM AND METHOD FOR PROVIDING AND DISPLAYING DYNAMIC COVERAGE RECOMMENDATIONS - A dynamic computer system assists users in selecting insurance coverage types and levels appropriate for their present financial circumstances. The computer system includes a graphical user interface (GUI) with dynamic sliders representative of a user's financial data. The system accesses third party data to validate and enrich coverage determinations. | 04-08-2010 |
| 20100010837 | SYSTEM AND METHOD FOR USE IN BILLING FOR GROUP BENEFIT INSURANCE - A computer system for use in connection with employee benefits furnished via an insurance provider has a processor and a memory in communication with the processor. The processor is adapted to receive input data indicative of a customer identification, a term, one or more types of coverage, a premium amount for the customer for the term and the one or more types of coverage, and one or more conditions relating to premium amount; store the received input data in memory; based on the received input data, generate a bill to the customer, the bill including customer name and address, the premium amount, the term, and the one or more types of coverage; receive a signal having data indicative of a change related to coverage; determine whether the change triggers a change in premium; and if the data is indicative of a change in premium, provide an output signal indicative of a premium change. | 01-14-2010 |
| 20090292653 | SYSTEM AND METHOD FOR USE IN CONNECTION WITH AN ANNUITY - A method for determining one or more features of an annuity includes receiving data indicative of a prospective annuitant's personal expenses in at least a first expense category and a second expense category; storing the data in memory; accessing price index information for the first expense category; accessing price index information for the second expense category; accessing general price index information; and based on factors including the price index information for the first expense category, the price index information for the second expense category, and the general price index information, determining a benefit increase rate of an annuity for the prospective annuitant; and providing an output indicative of at least the determined benefit increase rate. | 11-26-2009 |
| 20090292564 | SYSTEM AND METHOD FOR ADMINISTERING ANNUITIES - A computer-implemented method for administering an annuity product includes storing by a processor in memory an amount of an initial funding payment, an interest rate formula and a term for an accumulation annuity, and storing terms including a deferral term for a guaranteed income annuity. If the processor determines that the current time is during the term, the processor calculates an amount of interest earned on the fixed rate annuity and storing in memory a credit of the calculated interest amount to a guaranteed income annuity. After the accumulation period, the processor provides an output signal indicative of instructions to provide a notice of expiration. After the deferral period, the processor calculates an income annuity payment amount from the guaranteed income annuity; and provides an output signal indicative of instructions for a payment to be made to an annuitant based on the income annuity payment amount. | 11-26-2009 |
| 20090292563 | SYSTEM AND METHOD FOR ADMINISTERING VARIABLE ANNUITIES - A system for administering a variable annuity account includes a processor and a memory in communication with the processor. The processor is adapted to: access from a memory storage device data indicative of actual performance over a time period of a fund within the variable annuity account; access from a memory storage device data indicative of benchmark performance of the fund; compare the actual performance data to the benchmark performance data, and store the result of the comparison in the memory; based on the results of the step of comparing, determine whether to refund to the account an amount; if the amount is to be refunded, access data indicative of the refund amount; access data indicative of the asset value of the account; determine an updated asset value based on the asset value and the amount to be refunded; store the determined updated asset value in a memory storage location; and provide an output signal including data indicative of the change in the asset value of the account. | 11-26-2009 |
| 20090292562 | SYSTEM AND METHOD FOR ADMINISTERING FIXED INDEX ANNUITIES - A system for administering an insurance account includes a processor; a memory in communication with the processor; the processor being adapted to: access data indicative of a value of an index calculated based on a formula including as factors prices of individual equity securities; access data indicative of dividend yield; access data indicative of an asset value of an insurance account having a value based on the index; determine an updated asset value of the insurance account based on change in the index and on the dividend amount paid; store the determined updated asset value in the memory; and provide an output signal indicative of the determined updated asset value. | 11-26-2009 |
| 20090281938 | PENSION ADMINISTRATION SYSTEM AND METHOD - The present invention is a universal pension administration system that allows multiple companies use the same system for valuation report generation, benefit calculation, database administration, and trust payment direction. Plan Actuaries define a pension plan by answering questions related to the plan. A Developer Actuary uses tools to develop a pension plan framework that defines plan questions and logic and calculations to support the plan definition. A first tool is used to define the logic for pension plan definition, calculation sequencing, and report generation. In the calculation sequencing, rules are defined to refer to spreadsheets in which complex calculations related to the plan are performed. A second tool is used to design discrete calculation objects using a standard client-based spreadsheet. The spreadsheets are sequenced on a server in any manner as dictated by expert system code generated from the calculation-sequencing tool. Plan Participants access an online account to obtain information regarding benefits. | 11-12-2009 |
| 20090279734 | SYSTEM AND METHOD FOR ASSESSING A CONDITION OF PROPERTY - A system and method for assessing a condition of property for insurance purposes includes a sensor for acquiring a spectral image. In a preferred embodiment, the spectral image is post-processed to generate at least one spectral radiance plot, the plot used as input to a radiative transfer computer model. The output of the model establishes a spectral signature for the property. Over a period of time, spectral signatures can be compared to generate a spectral difference, the difference attributed to a change in the condition of the property, such as a fire or flood. In response to the change, an insurance company initiates an insurance-related action such as processing a claim. | 11-12-2009 |
| 20090248454 | SYSTEM AND METHOD FOR INCREASING CAPACITY IN AN INSURANCE SYSTEM - The invention relates, in various aspects to systems, methods, and computer readable media suited for implementing a commonly administered, quota share-based multi-insurer primary insurance system. | 10-01-2009 |
| 20090210257 | SYSTEM AND METHOD FOR PROVIDING CUSTOMIZED SAFETY FEEDBACK - The present invention relates generally to systems and methods for monitoring driving behavior and providing feedback to the driver. The systems evaluate driving behavior and relay feedback to the driver in a fashion that is customized to take into account individual characteristics and demographic characteristics of the driver. | 08-20-2009 |
| 20090171828 | SYSTEM AND METHOD FOR INTEGRATED ADVANCE LIFE PLANNING - An integrated advance life planning and management system provides to a user, through a single convenient Internet interface, a plurality of advance life planning and management services including estate planning, will preparation, and funeral planning services. | 07-02-2009 |
| 20090164385 | SYSTEM AND METHOD FOR SCHEDULING ASSET ALLOCATION - A distributed asset allocation processing system performs a computerized method for allocating subscriber assets. The system configures predetermined investment allocation paths that relate asset allocation models to trigger events. The system then selects a predetermined path based on a subscriber's risk tolerance. At each trigger event along the predetermined path, the system automatically rebalances the subscriber's assets according to an asset allocation model corresponding to the trigger event. | 06-25-2009 |
| 20090157489 | System and method for performance evaluation - A system for determining a compensation rate is disclosed that includes a database for storing insurance policy data attributed with the seller of insurance and a processor. The processor is configured to retrieve, from the database, insurance policy data for a first period of time, wherein the first period of time is substantially less than one year in length. The processor is also configured to, based on the retrieved insurance policy data, derive a partial year compensation rate for the seller of insurance to apply to a second period of time. The second period of time is substantially less than one year in length and the first period of time ends prior to beginning of the second period of time. The processor also derives a partial year compensation rate to apply to revenue attributed to the seller of insurance during the second period. | 06-18-2009 |
| 20090132300 | METHOD AND SYSTEM FOR PROVIDING MINIMUM CONTRACT VALUES IN AN ANNUITY WITH LIFETIME BENEFIT PAYMENTS - A data processing method administers a deferred annuity contract during the accumulation phase for a relevant life. The annuity contract has a contract value, a guarantee of lifetime benefit payments and a minimum contract value. Administration of the contract determines a minimum contract value, while paying a lifetime benefit payment and a guaranteed death benefit. The lifetime benefit payment does not reduce the contract value below the minimum contract value. If necessary, the lifetime benefit payment is funded by the general account assets of the company that issues the annuity contract. | 05-21-2009 |
| 20090132299 | SYSTEM AND METHOD FOR IDENTIFYING AND EVALUATING NANOMATERIAL-RELATED RISK - A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score. | 05-21-2009 |
| 20090132293 | System and Method for Identifying and Evaluating Nanomaterial-Related Risk - A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score. | 05-21-2009 |
| 20090132290 | System and method for identifying and evaluating nanomaterial-related risk - A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score. | 05-21-2009 |
| 20090094070 | SYSTEM AND METHOD FOR PROCESSING AND ADMINISTERING FLEXIBLE GUARANTEED INCOME PAYMENTS - A system is provided for administering fixed income immediate and deferred payments in any of a plurality of different payout schemes selected by a purchaser to accommodate varying retirement income needs. The system can be configured to administer an immediate income annuity where payments start within one year and the system can also administer a deferred payout annuity through a single dual natured payout contract. Additional options available for administration by the system include options to permit the contract owner to change the annuity commencement date and the ability to commute future period certain periodic payments into a single lump sum payment. | 04-09-2009 |
| 20090043615 | Systems and methods for predictive data analysis - The systems and methods herein generally pertain to the computation of a likelihood that an item with a given set of characteristics will exhibit a future trait. The system generally comprises an input module for receiving the set of characteristics, a database for storing parameters relating to the set of characteristics, a computerized predictive model for estimating the likelihood, a business logic processor for executing the predictive model, and a processor for processing the set of characteristics based on its predicted likelihood. | 02-12-2009 |
| 20090018874 | METHOD AND SYSTEM FOR ISSUING INSURANCE UNDERWRITING INSTRUMENTS - A method and system for issuing an insurance underwriting instrument using at least one computing processor. The system includes a computer processor and a first and second query-able plurality of memory locations storing data indicative of images of a plurality of forms associated with a particular type of fidelity or surety bond and data indicative of policies respectively. The system further includes a user interface for inputting data indicative of an insurance client and of the fidelity of surety bond. A calculator application is included which automatically calculates a premium for the insurance underwriting instrument based on the input data using the computer processor. The system includes software for selecting a sub-set of the data indicative of the images and software for automatically rendering the bond to be issued using the data of bond customer. | 01-15-2009 |
