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US 2014/0278581 A1Published application
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AssigneeInfinity Insurance Company
InventorsGregory Scott Fasking, Matthew Joseph Varagona, Roswell Tanner Sheehan, Randall Barry Ralston
Life of this patent
Estimating the term…
Abstract
A method of providing an insurance rate comprising storing combinations rates based on fields of information in a database, receiving a piece of information relating to one of the fields of information, and pulling an insurance rate based a pre-calculated average of premiums for individuals.
Claims6
A method of providing an insurance rate comprising:
- a. storing combinations rates based on fields of information in a database,
- b. receiving a piece of information relating to one of the fields of information, and
- c. pulling an insurance rate based a pre-calculated average of premiums for individuals.
A method of providing an insurance rate estimate comprising:
- a. pre-calculating and storing in a database averages for possible combinations of customer information,
- b. obtaining a piece of information from an individual that makes up one of the combinations, and
- c. preparing a rate based on the information provided by the individual.
A method of providing an insurance quote, comprising:
- a. gathering a single piece of information from an individual,
- b. making assumptions about unknown attributes of the individual base on the single piece of information, and
- c. presenting an insurance rate to the customer based on the one known piece of information and the made assumptions.
Dependencies are inferred from the claim text.