US 2013/0159024 A1Published application

Real-Time Insurance Estimate Based on Non-Personal Identifying Information

AssigneeAllstate Insurance Company

InventorsCraig Oldham, Michael Frederick Hobart, Dean Krieter, Javier Porras, Jeffrey Robert Herrmann, John Paul Wojcik

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Abstract

Methods and systems for providing estimated insurance quotes/premiums are described herein. After analyzing rate factors, a subset of rate factors are selected that yield a fairly accurate estimated insurance premium from a minimum amount of information easily obtainable from a user. The user inputs a value from a predetermined set of allowable inputs (value input filter). After receiving and analyzing the user inputs, the system generates one or more estimates and displays the one or more estimates to the user, e.g., via a web page. When multiple estimates are provided, the multiple estimates may differ based on the level of coverage, add-on features, or both. Readily known non-personal identifying information is preferably requested and used, thereby alleviating privacy concerns while still being able to provide an estimate to the user very quickly, e.g., under 30 seconds, once all the requested information is obtained.

Claims22

Dependent claims

An insurance rate server apparatus comprising:

An insurance rate processor;
and
memory storing historical insurance information in a first database, storing a rate model in a second database, and further storing computer readable instructions that, when executed, cause the insurance rate server apparatus to perform:
analyzing the historical insurance information to determine, for each of a plurality of rate factors, an insurance risk associated with each of multiple different values of each rate factor;
determining one or more assumptions based on historical insurance information, wherein each assumption is true for at least a predetermined percentage of historical insured individuals in the historical insurance information;
selecting a subset of the plurality of rate factors that, combined with the one or more assumptions, yields a substantially accurate insurance estimate when a value input filter corresponding to the subset of rate factors is applied to the historical insurance information and is input into an insurance rate model based on the subset of the plurality of rate factors, wherein each rate factor of the subset of the plurality of rate factors comprises non-personally identifying information;
receiving via a network interface module, user input for each of the subset of the plurality of rate factors using each corresponding value input filter;
and
automatically determining an estimated insurance premium using the rate model based on the received user input.

6 more elements

One or more tangible computer readable media storing computer readable instructions that, when executed, cause a computer system to perform:

receiving at an insurance rate computer, first user input identifying geographic information, wherein the geographic information does not comprise any personal identifying information;
receiving at the insurance rate computer, second user input identifying personal information for each of one or more drivers to be insured, wherein the personal information does not comprise any personal identifying information;
receiving at the insurance rate computer, third user input identifying vehicle information for each of one or more vehicles to be insured, wherein the vehicle information does not comprise a vehicle identification number (VIN) and does not comprise any personal identifying information;
determining at the insurance rate computer an estimated insurance premium based on the received geographic information, personal information, and vehicle information;
and
providing the estimated insurance premium for communication to the user.

3 more elements

An insurance rate computer system, comprising:

an insurance rate processor;
a network interface;
and
an insurance rate computer system memory storing a rate model in a database and further storing computer readable instructions that, when executed by the insurance rate processor, cause the insurance rate computer system to perform:
receiving, via the network interface, first user input identifying geographic information, wherein the geographic information does not comprise any personal identifying information;
receiving, via the network interface, second user input identifying personal information for each of one or more drivers to be insured, wherein the personal information does not comprise any personal identifying information;
receiving, via the network interface, third user input identifying vehicle information for each of one or more vehicles to be insured, wherein the vehicle information does not comprise a vehicle identification number (VIN) and does not comprise any personal identifying information;
determining an estimated insurance premium from the rate model based on the received geographic information, personal information, and vehicle information;
and
providing the estimated insurance premium for communication to the user.

7 more elements

Dependencies are inferred from the claim text.

Facts

Application: 13/619,205Filed 14 Sep 2012
Priority: 15 Feb 2008
Published: 20 Jun 2013
Term ends: Not estimatedThe source records don’t support an estimate.

Classification4 codes

G06Q 40/08
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: insurance
G06Q 40/00
Finance
G06Q 40/06
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: asset management; Financial planning or analysis
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

Family

Application12/031,927Continuation · filed 15 Feb 2008
Application13/274,801Continuation · filed 17 Oct 2011
Application13/554,702Continuation · filed 20 Jul 2012
Application13/619,205Continuation
US 8,065,169 B1Related patent
US 8,249,968 B1Related patent
US 8,315,934 B1Related patent
US 8,571,958 B2Related patent
US 2013/0159024 A1This patent

From the US filing history. Foreign family members aren’t listed.

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