Hartford Fire Insurance Company Patent applications |
Patent application number | Title | Published |
20160125421 | SYSTEM FOR LICENSE DATA ANALYSIS AND PROCESSING - This invention relates to a computer system for the compilation, tracking and aggregation of entity data to centralize licensing information in a single repository for use by various entities to ensure compliance and expedite information retrieval and access across an enterprise. | 05-05-2016 |
20160092480 | SYSTEM FOR ACCESSING BUSINESS METADATA WITHIN A DISTRIBUTED NETWORK - A system for accessing business metadata within a distributed network is disclosed. The system facilitates metadata driven for using social constructs in combination with metadata management to enhance metadata. The system includes a data storage device configured to store business information and metadata related to the business information, a processor configured to: selectively receive rated user input that provides supplemental information regarding at least one of the business information and the metadata, determine the context of the supplemental information and the at least one of the business information and the metadata; template the supplemental information by type and using pointers in the system provide non-redundancy, store the organized supplemental information in the data storage device, and generate a user interface element, and a display device configured to display the user interface element as the definition of the business information. | 03-31-2016 |
20150356475 | FEEDBACK MECHANISMS FOR INSURANCE WORKFLOW OPTIMIZATION - Embodiments provide a method for giving feedback for insurance workflow optimization. The method may include an easy to understand indication, e.g., a visual such as a light bulb that changes hue, which is representative of a metric regarding how workflows are being managed. In an example embodiment, insurance agent data submissions may be processed to categorize each of the plurality of insurance agent data submissions, e.g., as preferred workflow type and non-preferred workflow type. On this basis, a metric may be determined to reflect a proportion of preferred workflow type and non-preferred workflow type in the insurance agent data submissions received. This metric may in turn be formed into an instruction that reflects the metric, with the instruction being communicated to a device at an insurance agency, e.g., a device including a light bulb of changing hue that provides an indication of the metric. Other aspects are described and claimed. | 12-10-2015 |
20150317739 | SYSTEM AND METHOD FOR VEHICLE REPAIR COST ESTIMATE VERIFICATION - A computer system for processing data for verification of vehicle repair estimates in connection with insurance claims includes an insurance claims database having data relating to insurance claims. One or more computer processors are configured to receive claim identifying data from a repair facility computer system; determine, based on the claim identifying data, an insurance claim associated with the claim identifying data; establish secure communication with the repair facility computer system; receive data indicative of a repair estimate associated with the insurance claim from the repair facility computer system; access an evaluation of the estimate based on a plurality of rules, compare the estimate to one or more thresholds, and forward the estimate to a claim handler system. | 11-05-2015 |
20150287142 | SYSTEM AND METHOD FOR PREDICTIVE ANALYSIS OF CROWD SOURCED DATA FOR PREEMPTIVE LOSS CONTROL - This invention relates to a crowd sourced based predictive system for detecting and analyzing actuarially significant activity including high risk activities that may result in damage to an insured property. The system alerts users of the potential conditions and activities in order to assist with loss control and provide users with the ability to purchase insurance coverages relates to the conditions and activities. | 10-08-2015 |
20150261526 | SYSTEM AND METHOD FOR MONITORING SOFTWARE DEVELOPMENT AND PROGRAM FLOW - A system and method for monitoring software development and project flow in the insurance industry using user stories is disclosed. The system and method include a communication interface that receives information included in communications; a processor and memory to: identify from the monitored communication a plurality of user stories; estimate a priority and assign a value to each story; store each story and associated priority and value as a product backlog; calibrate the difference in the assigned value of each story by comparing each story and the associated assigned value, and iteratively adjusting the assigned value based on the calibrated difference; and update the product backlog of user stories and associated calibrated assigned value; and a display device for displaying the status of the software development and project flow based on the stories remaining in the product backlog as compared to the completed user stories. | 09-17-2015 |
20150193884 | SYSTEM AND METHOD FOR DETECTING POTENTIAL PROPERTY INSURANCE FRAUD - 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 spectral difference can be used to determine whether a change in the condition of the property was potentially fraudulently caused. | 07-09-2015 |
20150187019 | SYSTEMS AND METHOD FOR AUTONOMOUS VEHICLE DATA PROCESSING - A system configured to determine an insurance premium associated with an account that covers a vehicle including an autonomous feature and a driver comprising a computer memory that stores biographical information including information regarding the autonomous feature; a processor that receives information associated with telematics data associated with the vehicle, concerning use of the vehicle and the autonomous feature; the processor further configured to determine discrete segments of use by the vehicle, and to determine a driver signature associated with each of the discrete segments of use; the processor further configured to generate a driver risk assessment responsive to the one of the discrete segments of use; the processor further configured to calculate pricing information based on the risk assessment and the biographical information; and a transmitter configured to transmit the pricing information to a user device. | 07-02-2015 |
20150187016 | SYSTEM AND METHOD FOR TELEMATICS BASED UNDERWRITING - A system for determining insurance pricing information comprising a computer memory for storing biographical information, including an expected total mileage driven by a vehicle and an initial risk assessment based on at least the expected total mileage driven; the processor further configured to determine, based on telematics data, a plurality of relativity factors, wherein relativity factors are numerical values generated based on a comparison of the information associated with the received telematics data with other drivers; the processor configured to calculate the product of the plurality of relativity factors with a starting discount and compare the product with a predetermined threshold; the processor further configured to adjust insurance pricing information based on the comparison of the product of the relativity factors with the predetermined threshold. | 07-02-2015 |
20150187015 | SYSTEM AND METHOD FOR DESTINATION BASED UNDERWRITING - A system for determining risk associated with a driver, the system comprising a receiver, configured to receive information associated with telematics data; a processor further configured to determine, based at least in part on the telematics data, that a vehicle has reached a destination, a length of time spent at the destination and a times of day during which the vehicle is at the destination; the processor configured to determine a direct exposure rating based on at least the determined destination, the length of time spent at the destination, and the times of day during which the vehicle is at the location; the processor further configured to adjust an insurance pricing information based on the direct exposure rating; and a transmitter configured to transmit the adjusted pricing information to a user device. | 07-02-2015 |
20150187014 | SYSTEM AND METHOD FOR EXPECTATION BASED PROCESSING - A system for determining insurance pricing information based on telematics data, the system comprising, a processor configured to generate a driver proxy score (DPS) based on a combination of rating variables in a conventional class plan; the processor, configured to receive information associated with telematics data received from a telematics device, wherein the telematics data includes a plurality of risk factors; the processor further configured to determine a driver telematics score (DTS) based on the information associated with the telematics data; the processor further configured to generate an expectation based rating, based on the DPS and the DTS, which measures a variance of the telematics data from the expected value; the processor further configured to update pricing information based on the determined expectation based rating; and a transmitter configured to transmit the updated pricing information to a user device. | 07-02-2015 |
20150187013 | SYSTEM AND METHOD FOR DETERMINING DRIVER SIGNATURES - A system configured to determine an insurance premium associated with an account that covers at least one vehicle and at least one driver comprising a computer memory that stores biographical information; a processor that receives information associated with telematics data associated with at least one of the vehicle(s), concerning use of the at least one vehicle(s); the processor further configured to determine discrete segments of use by at least one vehicle(s), and to determine a driver signature associated with each of the discrete segments of use; the processor further configured to generate a driver risk assessment responsive to the at least one of the discrete segments of use; the processor further configured to calculate pricing information based at least in part on the at least one risk assessment and the biographical information; and a transmitter configured to transmit the pricing information to a user device or user transmission device. | 07-02-2015 |
20150181037 | SYSTEM AND METHOD FOR IMPROVED INSURANCE CALL ROUTING AND PROCESSING - An insurance policy management system for administering and managing insurance inquiries related to disability and leave management via an interactive voice response platform that communicates with combined short term disability/leave management resources and clinical intake nurse resources. | 06-25-2015 |
20150120331 | SYSTEM AND METHOD FOR ADMINISTERING INSURANCE DISCOUNTS FOR MOBILE DEVICE DISABLING TECHNOLOGY - A system and method for processing and administering insurance policy premium discounts for mobile device disabling technology to promote safer driver is disclosed. An insurance policy premium discount is determined based on the level of disabling technology implemented by a user on a user's mobile device. | 04-30-2015 |
20150106131 | SYSTEM AND METHOD FOR PROCESSING ENHANCED COVERAGE CLAIMS - A insurance policy management system for administering and managing insurance policies having enhanced coverages for providing property upgrades based on universal design principles. In the event of a loss to an insured property, the enhanced coverage will provide for enhanced property improvements under universal design guidelines to provide lifestyle upgrades for the insured. The enhanced coverage may apply to residential homes and businesses to help increase the quality of life and living environment for occupants. | 04-16-2015 |
20150106130 | SYSTEM AND METHOD FOR PROCESSING ENHANCED COVERAGE QUOTATIONS - A insurance policy management system for administering and managing insurance policies having enhanced coverages for providing property upgrades based on universal design principles. In the event of a loss to an insured property, the enhanced coverage will provide for enhanced property improvements under universal design guidelines to provide lifestyle upgrades for the insured. The enhanced coverage may apply to residential homes and businesses to help increase the quality of life and living environment for occupants. | 04-16-2015 |
20150081578 | SYSTEM AND METHOD FOR BEHAVIORAL PROGRAM SELECTION AND ADMINISTRATION - A system for determining, for selected insurance groups, a behavior modification program for modifying a first select behavior comprises an insurance database storing employee and claims data including workers compensation class for employees of a plurality of insurance groups, one or more insurance processors, an insurance memory in communication with the one or more insurance processors and storing insurance program instructions, and an insurance communications device. One or more of the plurality of insurance groups are selected for participation in the first behavior modification program. One or more employees are selected for participation from the one or more of the plurality of insurance groups selected for participation in the first behavior modification program. A first behavior modification program membership data file is updated for each insurance group and information about the behavior modification program is transmitted to the groups selected for participation. | 03-19-2015 |
20150046194 | SYSTEM AND METHOD FOR USING CROWD SOURCED DATA FOR INSURANCE CLAIMS BASED ANALYSIS - A crowd sourced based system for evaluating catastrophe areas for insurance entities and insureds. The system leverages crowd sourced photo data to construct a virtual map in real time corresponding to an afflicted area. User provided photo information as well as other third party information may be utilized to supplement the virtual map. A number of insurance based processes and actions may be based on an evaluation of the virtual map. | 02-12-2015 |
20150032478 | SYSTEM AND METHOD TO DOCUMENT AND DISPLAY BUSINESS REQUIREMENTS FOR COMPUTER DATA ENTRY - An embodiment provides a real-time or dynamic collaborative computer data collection form prototype builder. An embodiment integrates several concepts in order to streamline the computer data collection form development process. In an embodiment a dataset is used to collect data entry form requirements and attributes about the user interface which are used by a program to render a computer data collection form. Change implementation is facilitated by permitting changes in the underlying data set to be reflected in the computer data collection form, e.g., as re-rendered by the system. | 01-29-2015 |
20150030140 | SYSTEM AND METHOD FOR INTERACTIVE VOICE RESPONSE UNIT TABLE-BASED PROGRAMMING - An embodiment provides a modular framework for managing multiple router applications in an interactive voice response (IVR) system. In an embodiment, a single table-driven framework approach is taken in which multiple IVR router applications, including menu/response type call routing applications and/or frequently asked question (FAQ)/response applications, may be managed in a more streamlined fashion. In an embodiment, a menu is presented to the caller. The menu is part of the router application which references information stored in a database, e.g., voice files and grammars, defined in a format, e.g., in table format. An embodiment analyzes the caller's responses against the menu's information to determine the appropriate actions to take and the appropriate data to retrieve. An embodiment also provides a centralized authentication process that may be used for all self-service router applications that require or somehow make use of authentication. | 01-29-2015 |
20140330594 | SYSTEM AND METHOD FOR DETERMINATION OF INSURANCE CLASSIFICATION AND UNDERWRITING DETERMINATION FOR ENTITIES - Systems and methods are disclosed herein for determining an insurance evaluation based on an industrial classification. The system may be configured to receive search data relating to the entity seeking insurance coverage and query an interface of a third-party platform based on the search data. The system may then be configured to receive third-party platform interface data from the third-party platform, analyze the data to determine a web site address for a web page on the third-party platform relating to the entity, and retrieve third-party platform web site data from the web page on the third-party platform indicative of content related to the entity. The system may then output, based on the third-party platform interface data and web site data, first data indicative of at least one industrial classification associated with the entity. | 11-06-2014 |
20140304008 | SYSTEM AND METHOD FOR AUTOMATED CLAIMS DATA AUDITING - A system and method for automated claims data auditing. The system may include a memory device configured to store a plurality of audit questions associated with audit question metadata, to store a plurality tasks associated with task metadata, to store a plurality workflows associated with workflow metadata and to store a plurality surveys associated with survey metadata. The system may include a processor configured to generate an audit template based on at least a subset of the plurality of surveys and the plurality of tasks. The processor may further be configured to generate a copy of the audit template for use in a project. The system may include a receiver configured to receive assignment instructions associated with the project, wherein the assignment instructions assign resources to the project. The receiver may further be configured to receive claim data to be audited, wherein the processor may be configured to integrate the received claim data, the copy of the audit template, and the assignment instructions to create the project. The system may also include a publishing module configured to publish the project. | 10-09-2014 |
20140281927 | System and method for converting data relating to an insurance transaction - 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. | 09-18-2014 |
20140278566 | SYSTEM AND METHOD FOR WORKERS' COMPENSATION RELATIONED RISK ANALYSIS - A system and method for workers' compensated risk analysis. The method comprising transmitting standard workers' compensation questions to a user device, receiving a response to the set of standard workers' compensation, selecting a set of supplemental questions based on the received responses to the set of standard workers' compensation questions and transmitted the set of supplemental questions to the user device, receiving a response to the set of supplemental questions and generating a risk score for workers' compensation insurance based on at least the responses to the standard questions and the supplemental questions. | 09-18-2014 |
20140257876 | SYSTEM AND METHOD FOR INSURANCE DATA PROCESSING USING REGISTRATION AND OPERATIONAL DATA OF 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. | 09-11-2014 |
20140257592 | System and Method to Provide Event Data on a Map Display - A system and method are disclosed herein to determine an insurance premium discount based on telematics data. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores data indicative telematics data received from a sensor within a vehicle, including at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to identify safety events and associated safety event locations based on the telematics data. The processor is further configured to display to the driver indications of the safety events on a map display along with indications of safety events associated with other drivers. | 09-11-2014 |
20140249862 | Systems, Methods, and Apparatus for Insurance Pricing - Systems, methods, apparatus, computer program code and means for rating and pricing insurance policies are provided. In some embodiments, an automated insurance processing platform rates and prices insurance policies by including a territory factor in the calculation of a premium for the policy. Pursuant to some embodiments, the territory factor is calculated by receiving historical loss data, geographical data, and demographic data, analyzing the historical loss data, the geographical data, and the demographic data to identify data having similar claim behaviors. The historical loss data is analyzed to identify at least a frequency and severity of historical loss by coverage type. The frequency and severity of loss data, the geographical data, and the demographic data is iteratively analyzed to create a territory set having different geographical boundaries for the different coverage types; and the territory set is used to generate a set of territory factors for the different coverage types and the territories. | 09-04-2014 |
20140244317 | Computerized System and Method for Pre-Filling of Insurance Data Using Third Party Sources - Systems and methods are disclosed herein for processing data in connection with insurance information submissions. The system may be configured to receive entity data relating to an entity for which insurance coverage is sought, and query an interface of a third-party platform based on the entity data. The system may then be configured to receive third-party platform interface data from the third-party platform, analyze the data to determine a web site address for a web page on the third-party platform relating to the entity, and retrieve third-party platform web site data from the web page on the third-party platform indicative of content related to the entity. The system may be configured to pre-fill insurance forms relating to the entity based on the third-party platform data. | 08-28-2014 |
20140244291 | OUTCOMES BASED SERVICE PROVIDER NETWORKS - A system and method are provided for determining a composition of a service provider network for providing services according to a workers' compensation insurance plan. The system and method acquires claim information, which describes workers' compensation claims and medical service providers, and determines a metric value for each of the medical service providers, adjusts the metric values, assigns scores based on the adjusted metric values, determines an average of the assigned scores, and generates results data based on the assigned scores. The results data indicates, for each of the medical service providers, whether the medical service provider should be included in the service provider network. The service provider metrics include a metric that relates to an amount paid per claim and a percentage of claims that involved lost time. | 08-28-2014 |
20140236639 | SYSTEM AND METHOD FOR DETERMINATION OF PAYROLL RELATED INSURANCE PREMIUMS - A computer-implemented method for determining payroll related insurance premiums includes receiving at a server computer first payroll data relating to a first employer in a first data format from a first source and second payroll data in a second data format from a second source. At least one of the first source and the second source includes an employer payroll computer system at an employer location. The received data is read and extracted by a utility program at the employer location. The method further includes conditioning the received payroll data into uniform format payroll data; filtering by at least one of the utility program and the server computer the payroll data to remove non-premium related data; applying by inclusion and exclusion rules from a rules engine to determine payroll data items to consider in calculating a payroll-based insurance premium; and calculating payroll-based insurance premiums. | 08-21-2014 |
20140188524 | System And Method For Generating Insurance Coverage Packages - Systems, methods means and computer program code for administering comprehensive protection plans are provided which include a computer system to process an insurance claim, the system having a first policy database storing policy data associated with a first type of insurance, a second policy database storing policy data associated with a second type of insurance, a requestor device and a claims processing system for receiving an insurance claim associated with a customer, determining that the claim involves a single loss event and more than one type of property damage, retrieving from the first policy database, information associated with a first policy of the customer and at least a second policy of the customer, the information including a first deductible associated with the first policy and a second deductible associated with the second policy, determining which of the first and second deductible to apply to the claim, and updating the first and second policy databases based on the determined deductible. | 07-03-2014 |
20140173001 | SYSTEM AND METHOD FOR DISTRIBUTING ELECTRONIC AND PAPER DOCUMENTS AS PER CUSTOMER CONSENT - A system for enterprise distribution of electronic and paper documents for multiple insurance products is disclosed. The system including a memory device to store policy information for multiple insurance products associated with each of a plurality of clients. The memory device stores document delivery settings, including contact information and notification/alert preferences. The system includes a processor to generate document delivery questions relating to the preferred medium for notification and alert documents. The system includes a receiver to receive responses to the document delivery questions. The processor generates consent questions and updates the document delivery settings based on the response to the document delivery questions and the consent questions. The system may also include a transmitter to transmit a message to the clients notifying them of the change in the document delivery settings and to transmit a message notifying a source system of the change in document delivery settings. | 06-19-2014 |
20140172740 | SYSTEM AND METHOD FOR UNIFIED CUSTOMER COMMUNICATIONS - A publishing system and method for distributing electronic and paper documents for multiple financial service products is disclosed. The system includes a memory device configured to store policy information for the multiple financial service products associated with each of a plurality of clients to store communication settings for each of the multiple financial service products, the communication settings including contact information and notification preferences, and to store document templates. The system includes a processor configured to process a request for generating notification/alert documents, to generate notification/alert documents by modifying the document templates based on the policy information and communication settings and to store the notification/alert documents in the memory device, and to determine whether the notification/alert documents were not received or received in error. The system includes a transmitter configured to transmit the notification/alert documents based on the communication settings. | 06-19-2014 |
20140164052 | System and Method for Managing and Displaying Company Policy Data - A management system for administering and managing corporate policy data in an intranet based graphical user environment is disclosed. The intranet based graphical user environment communicates with a policy management data server to provide policy data to employees and third party vendors. The system selectively formats and displays policy content customized for each user requesting the data. | 06-12-2014 |
20140164028 | COMPUTER SYSTEM AND METHOD FOR PROCESSING OF DATA RELATED TO GENERATING INSURANCE QUOTES - 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. | 06-12-2014 |
20140156313 | SYSTEM AND METHOD FOR USING INSURANCE PICTORICAL CLASSIFICATION - A display device may display to a user questions related to insurance products. The user may be a business owner, and the questions may solicit information that may be used to determine which of the insurance products are applicable to the user's business. Input data may be received from a user that is responsive to the questions. The input data may indicate, for example, the type of industry of the business and the location of the business. Next, the display device may present the user with a set of pictures that are related to the user's business industry. Input data may be received from the user, selecting a subset of the pictures. Based on the input data, a business classification may be determined. The business classification along with underwriting information may be used to determine a business insurance product and options that are applicable to the business. | 06-05-2014 |
20140149144 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO SUBROGATION IN INSURANCE CLAIMS - A computer system for processing data relating to injury claims to determine suitability for subrogation includes one or more data storage devices storing structured and unstructured data relating to insurance claims, a processor configured to access the one or more data storage devices to select claims for review, apply a text mining tool to extract data from the unstructured data associated with the selected claims, and apply a predictive model to the unstructured data and structured data associated with the selected claims to identify a likelihood of suitability for subrogation of each of the selected claims. | 05-29-2014 |
20140142988 | SYSTEM AND METHOD FOR ANALYZING PRIVACY BREACH RISK DATA - A risk associated with a data breach of confidential personal data may be determined based on the amount of confidential personal data records stored. Underwriting questions based on the user's business may be determined and transmitted to the user. Input data may be received from a user that is responsive to the underwriting questions. The system may then determine an applicable insurance product with various options and receive a quote for the insurance product and the selected options. The user may initiate the purchase of one insurance product with one or more options, and/or enter into a binding agreement for the purchase of one of the insurance product. | 05-22-2014 |
20140136243 | SYSTEM AND METHOD FOR LOSS ANALYSIS - According to some embodiments, loss data may be received. The received loss data may be used to populate cells in a pivot data worksheet in a spreadsheet application workbook. At least one pivot table in at least one pivot table worksheet of the spreadsheet application workbook may be automatically created based on the pivot data worksheet. According to some embodiments, the pivot table includes cells that summarize the loss data associated with the insurance claims submitted under an insurance policy. | 05-15-2014 |
20140136216 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO CASE MANAGEMENT FOR INJURED INDIVIDUALS - A computer system for processing data relating to medical claim management includes data storage devices storing data relating to medical claims, system users having multiple levels of experience, and rules data; and a claim management hardware server in communication with the data storage devices and with devices accessible to the system users. The server is configured to: determine whether a claim is to be assigned from one system user to another one of the system users based on one or more of time-based and event-based triggers, responsive to determining that the claim is to be assigned to another one of the users for short-term review, assign the claim to another one of the system users at the determined level of experience; and notify the another one of the system users via one of the devices accessible to the system users of the assignment. | 05-15-2014 |
20140129261 | SYSTEM AND METHOD FOR DETERMINATION OF INSURANCE CLASSIFICATION OF ENTITIES - Systems and methods are disclosed herein for determining an insurance evaluation based on an industrial classification. The system may be configured to receive an electronic resource address relating to an entity, access data relating to the entity using the electronic resource address, tokenize the data, generate token counts based on the tokenized data; and apply at least one computerized predictive model to the token counts to determine one or more classifications associated with the entity. The system may further be configured to conduct evaluations of insurability, fraud determinations and other processes using the determined classification(s). | 05-08-2014 |
20140121878 | System and Method for Processing Electric Vehicle and Insurance Data - Pursuant to some embodiments, insurance systems, methods and devices are provided in which electric vehicle information, including electric vehicle charging information, may be received over a communications network. The electric vehicle charging information may be automatically associated with automobile insurance premium information. An integrated presentation of the electric vehicle charging information and the automobile insurance premium information may then be transmitted, over the communications network, for presentation to an owner of the electric vehicle. | 05-01-2014 |
20140114874 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO 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. | 04-24-2014 |
20140114873 | COMPREHENSIVE EMPLOYEE LEAVE MANAGEMENT SYSTEM - The invention relates, in various aspects, to systems, methods, and computer readable media suited for managing employee leave. A processor is configured to receive, from a user-accessible device, via a computer communications network, data relating to at least one claim for a first type of employee leave and also receive data to initiate at least one claim for a second type of employee leave. Thereupon, the data corresponding to the first type of employee leave and the data corresponding to the second type of employee leave are combined and reconciled. There is facilitated a determination of at least one modified leave parameter based on the combined and reconciled data, and the at least one modified leave parameter is stored in a memory storage device. | 04-24-2014 |
20140114872 | SYSTEM AND METHOD FOR MANAGING VOLUNTARY EMPLOYEE BENEFIT PLANS - According to some embodiments, a system may receive, from an employee, a request to access a voluntary employee benefit portal. The system may determine an employer associated with the employee and access information about a set of voluntary employee benefit plans associated with determined employer. Information associated with the voluntary employee benefit portal may then be transmitted, and the transmitted information may be customized based at least in part on the information about the set of voluntary employee benefit plans associated with the determined employer. | 04-24-2014 |
20140114704 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO SUPPLEMENTAL BUNDLED INSURANCE - According to some embodiments, a workers' compensation insurance premium may be calculated for a workers' compensation insurance policy covering a group of employees employed by an employer. Moreover, supplemental bundled insurance premiums may be calculated for each employee to provide individual, supplemental bundled insurance policies. The supplemental bundled insurance premiums may be contingent upon the employer's agreement to pay the workers' compensation insurance premium. By way of examples, the supplemental bundled insurance policies might be associated with one or more of short term disability insurance, long term disability insurance, accidental death insurance, accidental disability insurance and/or hospital accident insurance. | 04-24-2014 |
20140114703 | SYSTEM AND METHOD FOR REGISTRATION WITH AN INSURANCE PORTAL - Systems and methods are disclosed herein for processing a registration request for electronic access to a plurality of computerized insurance services. A network interface is configured to communicate with the plurality of computerized insurance services by interfacing with a plurality of disparate information platforms and communicating with a user computing device. A memory stores a portal module, a profile module, and a security module, each in the form of computer executable instructions, which, when executed by a processor, cause the system to receive a user identity, a registration request of the user identity, and one or more secure information items associated with the user identity from the user computing device, determine a verification score for the user identity based on the one or more secure information items, and selectively register the user identity with a plurality of the computerized insurance services based on the verification score. | 04-24-2014 |
20140114702 | System and Method for Determining Insurance 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. | 04-24-2014 |
20140114699 | SYSTEMS AND METHODS FOR SENSOR-ENHANCED ACTIVITY 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. | 04-24-2014 |
20140114698 | SYSTEM AND METHOD FOR PROVIDING INSURANCE COVERAGE RECOMMENDATIONS - A computer system includes a data storage device. The data storage module receives, stores, and provides access to historical entity data and insurance coverage package data. A recommendation engine comprising program instructions stored in a program memory receives current entity data, creates a current entity representative record based on the received current entity data and historical entity data, creates one or more historical entity representative records for each of a plurality of insurance coverage packages, identifies one of the historical entity representative records based on the current entity representative record, identifies one or more of the plurality of insurance coverage packages based on the identified historical entity representative record, and presents the identified one or more insurance coverage packages when executed by a computer processor. A payment device processes a payment associated with one of the identified one or more insurance coverage packages to establish an insurance contract with the current entity based on the one of the identified one or more insurance coverage packages. | 04-24-2014 |
20140114697 | SYSTEM AND METHOD FOR CREATING INSURANCE VIRTUAL AFFINITY GROUPS - Pursuant to some embodiments, systems, methods, apparatus and computer program code for creating and administering virtual affinity groups are provided. Pursuant to some embodiments, a computer implemented processing method is provided which includes receiving, at an insurance processing platform, information identifying at least a first characteristic of a virtual affinity group, receiving, at the insurance processing platform, information identifying at least a first feature of the virtual affinity group and at least a first insurance related benefit to be offered to the virtual affinity group, automatically identifying at least a first individual matching the at least first characteristic, and communicating to the at least first individual information allowing the at least first individual to participate in the virtual affinity group. | 04-24-2014 |
20140114696 | SYSTEMS AND METHODS FOR ADJUSTING INSURANCE PROCESSES USING DATA FROM 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. | 04-24-2014 |
20140114695 | SYSTEM AND METHOD FOR DETERMINING WORKERS COMPENSATION INSURANCE PREMIUMS - 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. | 04-24-2014 |
20140114694 | SYSTEMS AND METHODS FOR DETERMINING INSURANCE DECISIONS BASED ON SOCIAL NETWORK DATA - A system for underwriting using community and/or social networking based data includes an automated insurance underwriting platform for rating and pricing insurance policies through the accessing and evaluating of community, social and business network based information. Community or social network rating data may be analyzed and weighting factors may be applied to the community or social network rating data. An underwriting decision for the potential entity to be insured may then be transmitted based at least in part on the community or social network rating data. | 04-24-2014 |
20140114693 | System For Adjusting Insurance For A Structure Incorporating Sensor Technology - 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. | 04-24-2014 |
20140095183 | SYSTEM AND METHOD FOR CONDITIONAL PAYMENT PROCESSING - According to some embodiments, governmental information associated with an insurance claim may be received. Moreover, a computer processor may automatically populate a lien tracking tool with information based on the received governmental information and the associated insurance claim. Similarly, a conditional payment tool may also be populated with information based on the received governmental information and the associated insurance claim. It may then be automatically arranged for a clinical assessment to be performed in connection with the insurance claim. In accordance with a result of the clinical assessment received by the payment processing system, it may be automatically determined whether an official response letter will be generated or a governmental payment will be issued in connection with the insurance claim. | 04-03-2014 |
20140089013 | SYSTEM AND METHOD FOR SYNCHRONIZING AGGREGATE FINANCIAL DATA WITH DETAILED DATA - Systems, methods, and computer readable media suited for data recordation in processing at least one insurance claim or financial services transaction. During a predetermined time period, there is received, from a user-accessible device, via a computer communications network, a data entry for addition to a transient data table, with relation to at least one insurance claim or financial services transaction. Further, there is received at least one additional data entry for addition to the transient data table. Via a processor, the data entries are aggregated over the predetermined time period. Further, the aggregated data are frozen and recorded upon expiration of the predetermined time period. Additionally, the aggregated data are outputted for viewing upon expiration of the predetermined time period. Also, there are repeated, at least once and over an additional predetermined time period, the receipt and aggregation of data entries and the freezing, recordation and outputting of aggregated data. | 03-27-2014 |
20140081670 | SYSTEM AND METHOD FOR AUTOMATED VALIDATION AND AUGMENTATION OF QUOTATION DATA - A commercial insurance policy quoting system for administering and managing commercial insurance policies is disclosed. The commercial insurance policy quoting system has automatic validation and intelligent pre-fill capabilities to ease the commercial quoting process for agents and consumers. Location based information and social network information may also be used to verify and augment submitted insurance information. | 03-20-2014 |
20140067430 | SYSTEM AND METHOD FOR MANAGING COMPLEX INSURANCE CLAIMS AT ACCOUNT LEVEL - Provided are systems and methods for administering insurance payments for a loss event that implicates multiple liability insurance policies. In particular, the systems and methods may be used to allocate various portions of an insurance payment across multiple liability insurance policies. The systems and methods further monitor payments allocated to an insurance policy to ensure that the payments allocated to the insurance policy do not exceed defined limits. | 03-06-2014 |
20140058783 | SYSTEM AND METHOD FOR OPTIMIZING CATASTROPHE BASED RESOURCES - Provided are systems and methods for determining the number of persons necessary to process a projected number of insurance claims for a forecasted catastrophic event, based at least on the projected number of insurance claims, an insurance claim-reporting pattern corresponding to the type of forecasted catastrophic event, a series of work phases for processing the projected insurance claims, work distribution patterns for the work phases, estimated times for completing the work phases, and claim resolution rates for the work phases. | 02-27-2014 |
20140053127 | SYSTEM AND METHOD FOR MONITORING SOFTWARE DEVELOPMENT AND PROGRAM FLOW - A system and method for monitoring software development and project flow in the insurance industry using user stories is disclosed. The system and method include a communication interface that receives information included in communications; a processor and memory to: identify from the monitored communication a plurality of user stories; estimate a priority and assign a value to each story; store each story and associated priority and value as a product backlog; calibrate the difference in the assigned value of each story by comparing each story and the associated assigned value, and iteratively adjusting the assigned value based on the calibrated difference; and update the product backlog of user stories and associated calibrated assigned value; and a display device for displaying the status of the software development and project flow based on the stories remaining in the product backlog as compared to the completed user stories. | 02-20-2014 |
20140046725 | SYSTEM AND METHOD FOR LOYALTY RELATED ELECTRONIC COMMUNICATION EXCHANGE - According to some embodiments, a data acquisition processor may receive a customer feedback response to a loyalty survey, the customer feedback being received after a notice of an interaction associated with an insurance entity and a customer is received. A loyalty rating may be determined for the customer based on the received customer feedback response. Based on the loyalty rating, information associated with the customer may be automatically transmitted to a party other than the insurance entity. The party other than the insurance entity might be associated with, by way of examples only, a third party administrator, an insurance sales agent, or a sales partner of the insurance entity. | 02-13-2014 |
20140046705 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO INSURANCE CLAIM VOLATILITY - The invention relates generally to data analysis, and to systems and methods for the computation of the volatility of a loss. The system comprises a module for receiving a data parameter, a database for storing the parameter, a computerized predictive model, and a business logic processor for executing the predictive model. The volatility is used to, among other things, determine an appropriate work flow for handling the loss. | 02-13-2014 |
20140025405 | SYSTEM AND METHOD FOR PROCESSING DATA FOR INSURANCE COVERAGE FOR DISABILITY RISKS - Disclosed is a novel disability insurance product that provides a benefit to the purchaser. The insurance product comprises a disability insurance product which offers coverage for a predetermined limited period of time. If at the end of the predetermined period of time the insured individual is still disabled according to the terms of the insurance product, the insurance provider will pay a lump sum benefit. | 01-23-2014 |
20140025402 | SYSTEM AND METHOD FOR PROCESSING AND ADMINISTRATING DEDUCTIBLE CALCULATIONS - An insurance policy management system for administering and managing insurance policies having deductible coverage through a primary and a secondary insurer. The secondary insurer is provided a portion of a premium payment via the primary insurer to provide deductible coverage to a policyholder. The policyholder will not have to pay a lump sum deductible in the event of a loss when selecting the no deductible option and may have the option of bidding out the deductible coverage in a multi-insurer platform. | 01-23-2014 |
20140019170 | SYSTEM AND METHOD FOR DETERMINING AN INSURANCE PREMIUM BASED ON COMPLEXITY OF A VEHICLE TRIP - Systems and methods are disclosed herein for pricing an insurance premium based on route complexity. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores telematics data received from a sensor within a vehicle. The telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to compute a complexity score of the trip based on the telematics data. The processor is also configured to determine a price for automobile insurance for the driver based on the complexity score of the at least one trip. | 01-16-2014 |
20140019168 | SYSTEMS AND METHODS FOR GRAPHICAL REPRESENTATION OF STATUS OF AN INSURANCE 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. | 01-16-2014 |
20140006060 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO WORKSITE ANALYSES | 01-02-2014 |
20130346115 | INSURANCE PROCESSING SYSTEMS AND METHODS USING MOBILE DEVICES FOR MEDICAL MONITORING - Pursuant to some embodiments, systems, methods and devices are provided for insurance processing including installing a medical monitoring application associated with a user of a mobile device, the medical monitoring application including configuration data associated with at least a first medical monitoring rule, displaying, under control of the medical monitoring application, a series of instructions to cause the mobile device to be configured to communicate with at least a first biometric sensor, collecting, based on the at least first medical monitoring rule, a set of biometric data from the at least first biometric sensor, and transmitting the set of biometric data from the mobile device to a remote processing system for processing a request for insurance. | 12-26-2013 |
20130346097 | COMPUTER SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO NURSE INTERVENTION PROGRAM DECISIONS - According to some embodiments, historical claim data may be stored in a computer storage unit. The historical claim data may be used to train and verify a predictive model, the predictive model being associated with an evaluation of claim transactions to determine whether to refer each claim transactions to a nurse intervention program. Data for current claim transactions may be processed, and the trained and verified predictive model may be applied to the data for the current claim transactions to generate a respective output for each of the current claim transactions. Some of the current claim transactions may be selectively routed to a case management center associated with the nurse intervention program based on the outputs generated by the predictive model. | 12-26-2013 |
20130339064 | SYSTEM AND METHOD FOR CREATING AND ADMINISTERING INSURANCE VIRTUAL AFFINITY GROUPS - Pursuant to some embodiments, systems, methods, apparatus and computer program code for creating and administering virtual affinity groups are provided. Pursuant to some embodiments, a computer implemented processing method is provided which includes receiving, at an insurance processing platform, information identifying at least a first characteristic of a virtual affinity group, receiving, at the insurance processing platform, information identifying at least a first feature of the virtual affinity group and at least a first insurance related benefit to be offered to the virtual affinity group, automatically identifying at least a first individual matching the at least first characteristic, and communicating to the at least first individual information allowing the at least first individual to participate in the virtual affinity group. | 12-19-2013 |
20130325516 | SYSTEM AND METHOD FOR GENERATING INSURANCE CONTRACT DOCUMENTS COMPLIANT WITH STATE INSURANCE REGULATIONS - Provided are systems and methods for generating state-specific insurance contract documents that are compliant with their respective state's insurance regulations. In particular, these systems and methods are provided in accordance with a simplified model for maintaining and creating insurance contract documents that are compliant with state insurance regulations. State-specific insurance contract documents are generated by combining baseline section template files and state-specific section template files in accordance with contract generation rules that are defined to create a state-specific insurance contract document that it compliant with its respective state's insurance regulations. | 12-05-2013 |
20130317860 | SYSTEM AND METHOD FOR RENDERING DYNAMIC INSURANCE QUOTE INTERFACE - An insurance quotation management system for administering and managing insurance quotations through a graphical user interface. The system is configured to interface with third party data to provide insurance quotations based on input from a predictive model and data which may include social network information. The user interface permits the user to provide all inputs required to complete an application for insurance without the use of keyboard based input to provide a simplified user experience through a smart phone or other touch screen device. | 11-28-2013 |
20130311210 | Computer System and Method for Processing of Data Related to Insurance Quoting - 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. | 11-21-2013 |
20130304516 | SYSTEM AND METHOD FOR VALIDATING AUDIT DATA RELATED TO THE PERFORMANCE OF INSURANCE RELATED TASKS - Disclosed herein are computer-implemented methods, computing systems, and related technologies that may be used for the verification of self-audits that are performed by a third-party service provider for an insurance company. Periodically, the service provider performs a self-audit, providing audit information to the insurance company that indicates whether the service provider has been meeting required service levels. An auditing application may be used to analyze the audit information provided by the service provider, and to determine whether the service provider's self-audit was accurate. Further, the auditing application provides functionality for determining what portions of the provided audit data have been validated, and for searching and displaying the audit and validation information. | 11-14-2013 |
20130290155 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO FIXED ANNUITIES HAVING PRICE INDEX BASED INTEREST CREDITING - A computer system for processing data related to fixed annuities includes: one or more data storage devices storing data associated with fixed annuities and indicative of account values, a time period for crediting of interest; and a crediting method including for each of the fixed annuities one of at least an equity index based crediting method and a price index based crediting method; and an annuity administration hardware server configured to: receive price index value data, determine a price index crediting rate for each of the fixed annuities having a price index based crediting method based on the received price index value data, a threshold value of the price index, a participation rate, and the guaranteed rate; and calculate updated account values using the price index crediting rate and the account values; | 10-31-2013 |
20130290034 | SYSTEM AND METHOD FOR PROVIDING AND ACTIVATING COMMODITIZED INSURANCE - A system and method for providing commoditized insurance products to at least one consumer is disclosed. The system includes a commoditized insurance product including an activation code and an insurance company that underwrites the commoditized insurance product and provides the commoditized insurance product to a retail outlet. Based on consumer purchase of the commoditized product at the retail outlet and initiation of an activation process, the insurance company receives an activation code associated with the commoditized insurance product and provides verification queries to the consumer, and based on positive responses to the queries activates the policy providing the selected insurance coverage for the consumer. | 10-31-2013 |
20130262157 | SYSTEM AND METHOD FOR PROCESSING PAYROLL-RELATED INSURANCE DATA - 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. | 10-03-2013 |
20130253961 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO COMPONENT-BASED INSURANCE COVERAGE - A system includes an insurance component selection platform that transmits data to and receives data from an insurance product component storage unit storing one or more self-descriptive components of an insurance coverage. Each of the stored components may have associated properties defining attributes of the component and one or more values associated with the properties. The components may be selected via a graphical interface generated by the component selection platform to be included in an insurance coverage product. The components may then be combined within constraints of the properties and values of the individual components. An insurance coverage policy may then be presented based on the combination of components. | 09-26-2013 |
20130253959 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO GROUP INSURANCE FOR MULTIPLE RISKS - A computer system for processing of data associated with insurance coverage includes a data storage device storing data indicative of: an insured; a maximum benefit amount payable under the insurance coverage; a first category of risks; a second category of risks; a first benefit allocation corresponding to the first category of risks; and a second benefit allocation corresponding to the second category of risks; the benefit allocations being fractions of and totaling the maximum 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 risks having a maximum equal to the corresponding benefit allocation. | 09-26-2013 |
20130246093 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO CRITICAL ILLNESS COVERAGE IN GROUP BENEFIT INSURANCE - A computer system for processing data related to a group benefit insurance policy issued to a policyholder to extend coverage to individual insureds who are members of a group and having a critical illness benefit includes a data storage device storing data indicative of: a plurality of categories of medical diagnoses; a plurality of diagnoses associated with each of the categories; a first occurrence value; a second occurrence value; and history of insureds related to the critical illness benefit by the insured. The system is configured for payment of a claim in the first occurrence value for a first diagnosis of an insured in a category, and the second occurrence value, which may be not more than the first occurrence value, for a second diagnosis of the insured in the same category. | 09-19-2013 |
20130238487 | SYSTEM AND METHOD FOR DYNAMIC FINANCIAL ACCOUNT MANAGEMENT - A predictive financial data management system for efficiently and intelligently administering and managing allowance and diversionary accounts and associated sub-accounts based on third party transaction data and user defined sub-account prioritizations. The system is configured to interface with third party data to conduct the financial administration and management and rebalancing of the allowance and diversionary accounts based on input from a predictive model and historical transaction data. | 09-12-2013 |
20130235999 | 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. | 09-12-2013 |
20130159553 | 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. | 06-20-2013 |
20130151283 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO GROUP BENEFIT INSURANCE HAVING CRITICAL ILLNESS COVERAGE - A computer system for processing data related to a group benefit insurance policy issued to a policyholder to extend coverage to individual insureds who are members of a group and having a critical illness benefit includes a data storage device storing data indicative of: a plurality of categories of medical diagnoses; a plurality of diagnoses associated with each of the categories; a first occurrence value; a second occurrence value; and history of insureds related to the critical illness benefit by the insured. The system is configured for payment of a claim in the first occurrence value for a first diagnosis of an insured in a category, and the second occurrence value, which may be not more than the first occurrence value, for a second diagnosis of the insured in the same category. | 06-13-2013 |
20130144659 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO INSURANCE CLAIM STABILITY INDICATOR - The invention relates generally to data analysis, and to systems and methods for the computation of the volatility of a loss. The system comprises a module for receiving a data parameter, a database for storing the parameter, a computerized predictive model, and a business logic processor for executing the predictive model. The volatility is used to, among other things, determine an appropriate work flow for handling the loss. | 06-06-2013 |
20130138460 | SYSTEM AND METHOD FOR ADMINISTERING A TELEMATICS-ENABLED TEST DRIVE DEALER PROGRAM - Systems and methods are disclosed herein for pricing an insurance premium based on telematics data. The system includes a communications interface and a business logic processor in communications with the communications interface. The communications interface receives telematics data collected by a telematics acquisition device configured at a dealership for collecting telematics data of a vehicle sold by the dealership. The communications interface also receives vehicle data indicating the make and model of the vehicle sold and vehicle owner data related to the purchaser of the vehicle sold. The business logic processor determines an insurance quote for the purchaser based on the received telematics data, vehicle data, and vehicle owner data. The communications interface transmits the insurance quote for the purchaser of the vehicle. The business logic processor also manages a predetermined incentive that is provided to the purchaser in return for allowing the telematics data acquisition device to collect telematics data. | 05-30-2013 |
20130132301 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO PROVIDING RISK MANAGEMENT FOR INVESTMENT ACCOUNTS - A computer system or network of computer systems is configured to administer investment accounts issued by an issuer. The investment accounts include equity based investments having associated guarantees, such as variable annuities during the accumulation phase. The investment accounts further include fixed income investments with a guarantee, such as a guaranteed minimum accumulation benefit. The fixed income accounts may sell may sell equity put spreads to the variable annuity accounts, and the variable annuity accounts may sell equity all spreads to the fixed income accounts. An independent pricing service may determine pricing for non-traded instruments. | 05-23-2013 |
20130132122 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO EMPLOYER RETURN TO WORK PROGRAMS - A computer system for processing data related to return to work responsive to employee disability includes a return to work administration computer system, in communication via a network with user devices. The return to work administration computer system is configured to receive from the user devices, data related to employer return to work programs, including data indicative of designation of an individual employee to administer return to work programs, return to work policies, transitional job opportunities for employees to return to a workplace without resumption of full duties; access stored data indicative of business rules for comparing the received data related to employer return to work programs to benchmarks, and determine whether an employer has qualified for a benefit under a disability insurance policy issued to the employer. | 05-23-2013 |
20130125211 | SYSTEM AND METHOD FOR PROVIDING DYNAMIC INSURANCE PORTAL TRANSACTION AUTHENTICATION AND AUTHORIZATION - Systems and methods are disclosed herein for managing electronic access to a plurality of computerized insurance services. A network interface is configured to receive a user identity provided by a user remote to the system and an access request from the user to access a selected computerized insurance service from the plurality of computerized insurance services. A memory stores computer executable instructions which, when executed by a processor, cause the system to determine a set of access rights for the user based on the user identity and an insurance-related role associated with the user identity and allow the user to access the selected computerized insurance service according to the access request only if the access requested is included in the determined set of access rights. At least two of the computerized insurance services are implemented on substantially different information platforms. | 05-16-2013 |
20130124294 | SYSTEM AND METHOD FOR MANAGING LOYALTY PROGRAM - Systems and methods for management of financial and insurance products held by customers in a group and for administration of a loyalty and reward program for the group. Each customer in a group has an individual customer profile, which includes information about one or more insurance products held by a customer and a reward points total associated with the one or more products held by the customer. The profiles of various customers may be compiled in group data. The group attributes may include a group reward points total, which is based on the reward points total of the customers in the group. Either the individual customer reward points totals and/or the group reward points total can be applied to various transactions to receive a reward benefit. | 05-16-2013 |
20130124293 | SYSTEM AND METHOD FOR ADMINISTRATION OF LOYALTY PROGRAM - Systems and methods for management of financial and insurance products held by customers in a group and for administration of a loyalty and reward program for the group. Each customer in a group has an individual customer profile, which includes information about one or more insurance products held by a customer and a reward points total associated with the one or more products held by the customer. The profiles of various customers may be compiled in group data. The group attributes may include a group reward points total, which is based on the reward points total of the customers in the group. Either the individual customer reward points totals and/or the group reward points total can be applied to various transactions to receive a reward benefit. | 05-16-2013 |
20130124233 | SYSTEM AND METHOD FOR DETERMINING PAYROLL RELATED INSURANCE PREMIUMS - A computer-implemented method for determining payroll related insurance premiums includes receiving at a server computer first payroll data relating to a first employer in a first data format from a first source and second payroll data in a second data format from a second source. At least one of the first source and the second source includes an employer payroll computer system at an employer location. The received data is read and extracted by a utility program at the employer location. The method further includes conditioning the received payroll data into uniform format payroll data; filtering by at least one of the utility program and the server computer the payroll data to remove non-premium related data; applying by inclusion and exclusion rules from a rules engine to determine payroll data items to consider in calculating a payroll-based insurance premium; and calculating payroll-based insurance premiums. | 05-16-2013 |
20130124229 | SYSTEM AND METHOD FOR SECURE SELF REGISTRATION WITH AN INSURANCE PORTAL - Systems and methods are disclosed herein for processing a first-time registration request for electronic access to a plurality of computerized insurance services. A network interface is configured to communicate with the plurality of computerized insurance services by interfacing with a plurality of disparate information platforms and communicating with a user computing device. A memory stores a portal module, a profile module, and a security module, each in the form of computer executable instructions, which, when executed by a processor, cause the system to receive a user identity, a first-time registration request of the user identity, and one or more secure information items associated with the user identity from the user computing device, determine a verification score for the user identity based on the one or more secure information items, and selectively register the user identity with a plurality of the computerized insurance services based on the verification score. | 05-16-2013 |
20130110742 | COMPUTER SYSTEM AND COMPUTER-IMPLEMENTED METHOD FOR ADMINISTERING A CUSTOMIZABLE ANNUITY PRODUCT | 05-02-2013 |
20130110736 | COMPUTER SYSTEM AND METHOD FOR PROCESSING OF DATA RELATING TO EMPLOYEE ABSENCE | 05-02-2013 |
20130110589 | PROCESSING AND DISPLAY OF SERVICE PROVIDER PERFORMANCE DATA | 05-02-2013 |
20130103432 | SYSTEM AND METHOD FOR PROCESSING OF DATA RELATED TO REQUESTS FOR QUOTES FOR PROPERTY AND CASUALTY 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. | 04-25-2013 |
20130103416 | SYSTEMS AND METHODS FOR ACTIVITY 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. | 04-25-2013 |
20130096960 | SYSTEM AND METHOD FOR ACTIVE INSURANCE UNDERWRITING USING REGISTRATION DATA OF 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. | 04-18-2013 |
20130096955 | SYSTEM AND METHOD FOR COMPLIANCE AND OPERATIONS MANAGEMENT - A system and method for identifying at least one legal authority related to the insurance industry and tracking responsive procedures. The system and method include a processor configured to identify and evaluate at least one insurance related legal authority, a memory device configured to store information in a central record that includes entries indicating information about the at least one insurance related legal authority and the evaluated impact on the at least one insurance business area and modified procedures of at least one insurance business area that comply with the at least one insurance related legal authority based on the evaluated impact, a display device configured to display communications regarding the modifications to the at least one insurance business area, and a communications interface to record and communicate the modifications to the at least one insurance business area. | 04-18-2013 |
20130096954 | System and Method for Automated Detection of Coverage Exceptions Based on Utility Usage Data - An advanced underwriting and risk evaluation system leverages data from utility based metering devices and other IP addressable devices, and machines to provide real time operational and usage data. The data is used by an insurance entity to modify and adjust insurance coverages and premiums in the case of certain usage exceptions and conditions in view of an underlying policy coverage. | 04-18-2013 |
20130073322 | SYSTEMS AND METHODS FOR ADJUSTING INSURANCE WORKFLOW - 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. | 03-21-2013 |
20130073318 | SYSTEM AND METHOD FOR PROCESSING DATA FOR INSURANCE ISSUED TO INDIVIDUALS AND PROVIDING FOR COVERAGE OF RELATED INDIVIDUALS - A computer system is configured to process data related to a multi-generational insurance policy issued to a policy holder and providing coverage for one or more policy members having a family relationship with the policy holder. The system has a data storage device storing data associated with the policy, including coverages of the policy holder, coverages for each of the policy members, and a family relationship between the policy holder and the policy members. The system is configured to process insurance transactions initiated from a user-accessible device and related to the multi-generational policy. | 03-21-2013 |
20130066658 | SYSTEM AND METHOD FOR AUDITING INSURANCE VENDORS - 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. | 03-14-2013 |
20130046559 | SYSTEM AND METHOD FOR COMPUTING AND SCORING THE COMPLEXITY OF A VEHICLE TRIP USING GEO-SPATIAL INFORMATION - Systems and methods are disclosed herein for pricing an insurance premium based on route complexity. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores telematics data received from a sensor within a vehicle. The telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to compute a complexity score of the trip based on the telematics data. The processor is also configured to determine a price for automobile insurance for the driver based on the complexity score of the at least one trip. | 02-21-2013 |
20130041722 | System and method for computerized resource optimization for insurance related tasks - Disclosed herein are computer-implemented methods, computing systems, and related technologies that may be used for determining the optimal number of Full Time Equivalents (FTEs) that should be engaged by a service provider in order to provide a service to an insurance company. Multiple service level agreements (SLAs) exists between the service provider and the insurance company, each of which indicates that the service provider must complete a given percentage of assigned tasks for the service within a given time period. A resource optimization application (ROA) determines how many FTEs the service provider should employ, in order to complete assigned tasks as required by the SLAs. The ROA determines the number of FTEs based on factors such as an average handling time (AHT) for the tasks, the capacity of the service provider, historical data that describes tasks previously assigned to the service provider, and other factors. | 02-14-2013 |
20130035964 | SYSTEM AND METHOD FOR DATA PROCESSING FOR TERM LIFE INSURANCE POLICIES ISSUED BEFORE COMPREHENSIVE UNDERWRITING - A computer system for administering applications for term 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, the life insurance policy providing for a first premium rate for a first period after issue, and a second premium rate for a second period commencing on expiration of the first period, at least one of the second premium rate being determined based on data indicative of a result of comprehensive underwriting. Upon completion of comprehensive underwriting, data is generated for notification of results of comprehensive underwriting and the second premium rate to the insured. | 02-07-2013 |
20130035962 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO GROUP BENEFIT INSURANCE HAVING CRITICAL ILLNESS COVERAGE - A computer system for processing data related to a group benefit insurance policy issued to a group policyholder to extend coverage to individual insureds and having a critical illness benefit includes a data storage device storing data indicative of: a plurality of categories of medical diagnoses; a plurality of diagnoses associated with each of the categories; a first occurrence value; a second occurrence value; and prior claims under the critical illness benefit by the insured. The system is configured to provide instructions for payment of the first occurrence value for a first diagnosis of an insured in a category, and the second occurrence value, which is less than the first occurrence value, for a second diagnosis of the insured in the same category. | 02-07-2013 |
20130030845 | SYSTEM AND METHOD FOR ASSESSING A CONDITION OF AN INSURED PROPERTY AND INITIATING AN INSURANCE CLAIM PROCESS - 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. | 01-31-2013 |
20130030844 | SYSTEM AND METHOD FOR PROCESSING PAYROLL-RELATED EMPLOYEE AND INSURANCE DATA - 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. | 01-31-2013 |
20130018676 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO A LIFE INSURANCE POLICY HAVING A SECONDARY GUARANTEEAANM Fischer; Paul M.AACI South WindsorAAST CTAACO USAAGP Fischer; Paul M. South Windsor CT USAANM Niedzielski; AndrewAACI WethersfieldAAST CTAACO USAAGP Niedzielski; Andrew Wethersfield CT USAANM VanHorn; Gerald G.AACI TollandAAST CTAACO USAAGP VanHorn; Gerald G. Tolland CT US - A computer system for processing data related to an universal life insurance policy issued by an issuer to an owner and having a death benefit payable to a beneficiary on death of an insured, includes a data storage device storing data indicative of rates and formulas applicable to the policy, and a processor in communication with the data storage device. The processor is configured to: receive data indicative of, for an universal life insurance policy to be illustrated, an age of an insured, a death benefit amount, and timing of payment of premiums; determine an amount of premiums required for the policy by determining whether a policy protection account will have a minimum balance at a selected future date, the policy protection account balance being calculated by crediting to the policy protection account balance amounts of premiums, reduced by a first tier premium charge at a first rate up to a break point amount of premiums, and a second tier premium charge at a second rate above the break point amount of premiums. | 01-17-2013 |
20130006892 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO CHARGES APPLICABLE TO INVESTMENT ACCOUNTS - A system for data processing for an account of a financial product has a processor and a memory. The processor receives an account value and a charge applicable to the account based on a fraction of the value of the account; on a basis of a second period, shorter than a first period. Throughout the first period, the processor calculates a fractional charge based on the value of the account, and updates the account value by decrementing the account 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 account value on one day during the first period to a sum of the fractional charges for the first period, and increases the account value by the difference if the first period charge is less than the sum of the fractional charges. | 01-03-2013 |
20130006891 | SYSTEM AND METHOD FOR ACCESSING AND DISPLAYING DATA RELATING TO FINANCIAL SECURITIES - 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. | 01-03-2013 |
20130006676 | SYSTEM FOR ADJUSTING INSURANCE FOR A 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 building structures are mapped to classifications, 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. | 01-03-2013 |
20120330692 | System and Method for Processing Data Related to Insurance Coverage for Multiple Risks - A computer system for processing of data associated with insurance coverage includes a data storage device storing data indicative of: an insured; a maximum benefit amount payable under the insurance coverage; a first category of risks; a second category of risks; a first benefit allocation corresponding to the first category of risks; and a second benefit allocation corresponding to the second category of risks; the benefit allocations being fractions of and totaling the maximum 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 risks having a maximum equal to the corresponding benefit allocation. | 12-27-2012 |
20120330687 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO LAST SURVIVOR LIFE INSURANCE POLICIES - A computer system for processing data related to last survivor life insurance policies includes a processor configured to process data related to a last survivor policy on two or more insureds, associated single life policies on the two or more insureds, and one or more ancillary benefits. The processing of data may include generation of illustrations, processing of applications, underwriting of applications, and generation of policy documents, employing common data for the last survivor policy and the one or more associated single life policies. The ancillary benefits may include payments based on a medical condition of an insured, payments based on longevity of an insured, and payments based on disability of an insured. | 12-27-2012 |
20120330686 | SYSTEM AND METHOD FOR AUTOMATED SUITABILITY ANALYSIS AND DOCUMENT MANAGEMENT - A suitability management system for evaluating insurance product recommendations for customers suitability is provided. The suitability management system may generate a dynamic suitability questionnaire document based on a stored template in view of a number of business rules and the generated suitability document may be provided to the insurance consumer for completion and subsequent scoring. The scored document is evaluated using a comprehensive scoring process to evaluate the consumer's acumen, risk tolerance and solvency. The system is configured to interface with a third party to conduct the suitability analysis. | 12-27-2012 |
20120310676 | SYSTEM AND COMPUTER-IMPLEMENTED METHOD FOR AUDITING WORKERS' COMPENSATION RELATED INVOICES - Disclosed herein are processor-executable methods, computing systems, and related technologies that may be used to audit invoices that have been repriced by Preferred Provider Organizations (PPOs). The invoices relate to services that were rendered pursuant to a workers' compensation insurance policy issued by an insurance company. Data related to invoices that have been repriced by PPOs are stored in a database, and an audit application is used to audit the invoices by analyzing the data stored in the database. Auditing the data may include determining whether the repricing was performed accurately, and assembling and storing data that reflects the accuracy of the repricing. After the auditing is performed, reports may be generated based on the audit results. Further, actions may be taken based on the audit results, such as reimbursing service providers for underpaid invoices and/or updating contracts between the insurance company and the PPOs. | 12-06-2012 |
20120290504 | SYSTEM AND METHOD FOR PROCESSING DATA FOR INSTRUMENTS IN MULTIPLE CLASSES 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 deferred periodic payments includes, for classes of financial instruments, a price, payment amount and frequency, deferral data, and one or more permitted values of one or more actuarial factors of purchasers. The system further includes a processor configured to receive via a communication module data indicative of a request to purchase financial instruments, including a purchase payment amount and one or more values of the one or more actuarial factors of an individual purchaser, and to determine, based on the received 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. | 11-15-2012 |
20120290335 | METHOD AND SYSTEM FOR PROCESSING OF DATA RELATED TO UNDERWRITING OF 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. | 11-15-2012 |
20120290333 | SYSTEM AND METHOD FOR REPAIR CALCULATION, REPLACEMENT CALCULATION, AND INSURANCE ADJUSTMENT - Disclosed is a novel system and method that provides real time information to an insurance adjuster. The system obtains information related to an insured item which has an outstanding claim. Information includes the cost to repair a specific item, the salvage value of the item, and the cost to replace the item. The system then compares the information related to the insured item from an economic perspective to determine whether it should be repaired or replaced. Since the system is objective, it reduces the reliance on subjective human factors such as collusion and lack of expertise. As a result, the system reduces the number of fraudulent and inaccurate transactions related to the specific item. | 11-15-2012 |
20120290330 | SYSTEM AND METHOD FOR WEB-BASED INDUSTRIAL CLASSIFICATION - Systems and methods are disclosed herein for determining an insurance evaluation based on an industrial classification. The system includes a content processor, a computerized predictive model, and a business logic processor. The content processor retrieves content from a website related to an entity seeking an insurance policy and extracts data from the website content. The computerized predictive model accepts the data extracted from the website content from the content processor, processes the extracted data, and outputs data indicative of at least one industrial classification associated with the entity. The business logic processor determines an insurance evaluation of the entity based on its industrial classification(s). | 11-15-2012 |
20120284206 | METHOD AND SYSTEM FOR MANAGING INTEREST RATE CALCULATIONS - A data processing method and system for managing interest rate calculations includes a data storage device storing data indicative of an account value of an investment product and a computer configured to determine a current value of an adjustable interest rate, compare the adjustable interest rate to a fixed guaranteed minimum interest rate, and determine whether to apply the adjustable interest rate or the fixed guaranteed minimum interest rate to the investment product account value to determine a value to credit to the account. | 11-08-2012 |
20120278107 | SYSTEMS AND METHODS FOR MANAGING INSURANCE ACCOUNT DOCUMENTS - A Personal Health Application (PHA) management system stores templates that are used to generate customized PHA documents. The PHA management system receives a request for a PHA document, where the request includes information that describes a new insurance policy or modification of a policy that an insurance consumer is requesting, that indicates the state or other area in which the insurance consumer lives, that indicates the reason that the consumer is requesting the new policy or modification, and/or other information. The PHA management system generates a PHA document based on a stored template and the information included in the request, and the generated PHA document may be provided to the insurance consumer. | 11-01-2012 |
20120271661 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO 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. | 10-25-2012 |
20120259799 | METHOD AND SYSTEM FOR PROCESSING DATA RELATING TO INVESTMENT PRODUCTS HAVING A PAYMENT GUARANTEE - A computer system for processing data relating to an investment arrangement having an account value dependent on investment performance and available for withdrawal by an account owner includes a data storage device storing data indicative of a present account value, a withdrawal factor value, a present payment base value, and a guarantee of payments available periodically for a term without reduction of the payment base value; and a processor. The processor is configured to, for periods after a first withdrawal, determine the present payment base value by comparing a present account value to a prior period account value, a periodic increase in the payment base value being limited to a maximum percentage; and determine an available maximum withdrawal without reduction of the payment base value based on the withdrawal factor value and a greater of the present account value and the present payment base value. | 10-11-2012 |
20120239592 | CODE GENERATION BASED ON SPREADSHEET DATA MODELS - Disclosed herein are processor-executable methods, computing systems, and related technology for the generation of software code based on spreadsheet data models. A spreadsheet data model may be parsed, and an intermediate representation may be generated based on the spreadsheet data model. Software code may be generated based on the intermediate representation. The software code may be in a high-level language such as C or C++, or in any other appropriate language. Alternatively or additionally, the software code may include the use of General Purpose Computing On Graphics Processing Units (GPGPU) technology. The software code may be compiled, and then executed to obtain results data. | 09-20-2012 |
20120226509 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO DEATH BENEFIT AMOUNTS FOR LIFE INSURANCE POLICIES - A computer system for processing data relating to a life insurance policy issued by an insurance company to an owner includes a data storage device storing data relating to the life insurance policy, including data indicative of a face amount, a benefit account, an investment account and a death benefit factor, and a processor configured to access data indicative of the face amount, a value of the investment account, a value of the benefit account and a value of the death benefit factor; determine a first value based on a sum of the face amount and the value of the investment account; determine a second value based on the benefit account value, the investment account value and the value of the death benefit factor; and determine an amount of a death benefit of the life insurance policy to be the greater of the first value and the second value. | 09-06-2012 |
20120221487 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO 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. | 08-30-2012 |
20120209631 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO A LIFE INSURANCE POLICY HAVING A DEATH BENEFIT PAYABLE BASED ON AGE OF A LIVING INSURED - A computer system for processing of data related to a permanent life insurance policy includes a data storage device storing data indicative of a policy owner, an insured under the policy, and a death benefit amount, payable under the policy to a beneficiary upon death of the insured, and a processor in communication with the data storage device. A withdrawal benefit providing periodic payments to the owner, each payment reducing the amount of the death benefit until reaching a residual death benefit amount, is available on owner request, at a minimum age of the insured, on meeting a condition related to a likelihood of policy lapse prior to death of the insured. The processor is configured to determine whether premium payments in accordance with a schedule will cause the condition to be met. | 08-16-2012 |
20120191486 | 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. | 07-26-2012 |
20120158465 | SYSTEM AND METHOD FOR ADMINISTERING AN ADVISORY RATING SYSTEM - Systems and methods are disclosed herein for scoring and ranking financial advisors based on their sales histories. The system includes a database and an advisor rating system processor in communication with the database. The database stores sales history data related to a plurality of financial advisors. The advisor rating system processor obtains data related to financial advisors from the database and calculates a score for each financial advisor based on their sales revenue and sales frequency. The advisor rating system processor then compares the advisors based on these scores and generates a report indicating to which financial advisors a company should market financial products. | 06-21-2012 |
20120158439 | 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. | 06-21-2012 |
20120158434 | SYSTEM AND METHOD FOR PROVIDING CUSTOMIZED BUSINESS INSURANCE RECOMMENDATIONS - A display device may display to a user questions related to insurance products. The user may be a business owner, and the questions may solicit information that may be used to determine which of the insurance products are applicable to the user's business. Input data may be received from a user that is responsive to the questions. The input data may indicate, for example, the type of industry of the business, the number of employees in the business, the business's annual revenue, and/or goals of the user with respect to the insurance products. A determination may be made as to which of the insurance products are applicable to the business. The user may then obtain additional information related to the applicable products, initiate the purchase of one of the applicable products, and/or enter into a binding agreement for the purchase of one of the applicable product. | 06-21-2012 |
20120143629 | OUTCOMES BASED SERVICE PROVIDER NETWORKS - Disclosed herein are technologies that may be used to determine the composition of service provider networks. Service providers may be compared based on a number of metrics related to the services they provide. As an example, medical service providers may be compared based on factors such as how quickly patients in their care recover from injuries, and how satisfied patients are with the care they receive. A service provider network may be defined as including only service providers with metrics that meet a given threshold. In the context of workers' compensation insurance, the disclosed technologies may be used to direct injured workers to medical service providers that provide superior care, thereby achieving better outcomes for injured workers. | 06-07-2012 |
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 |