US 2014/0279401 A1Published application

System and method for analyzing insurance-related data and credit-related data

OwnerJeffrey Martin, Matthew Jorge +5inventors

InventorsJeffrey Martin, Matthew Jorge, James Leuer, Ryan Boyle, Jeff Reynolds, Adam Pichon, Clifton Burns

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Abstract

A system and method is provided for acquiring and storing insurance-related data, such as insurance payment data, insurance coverage data, and insurance claim data, in a credit data database, coverage data database, and/or claim data database, and analyzing for the creditworthiness of an individual based on the insurance-related data and credit-related data. A credit data record of an individual may be determined, based on received insurance-related data. The insurance-related data may be stored in the credit data database, the coverage data database, and/or the claim data database. In response to a request for a credit risk analysis, the credit-related data and insurance-related data can be retrieved and the credit risk analysis can be performed. Customers can obtain an improved and more accurate risk assessment of the individual based on the credit-related data and insurance-related data related to the individual.

Claims20

Dependent claims

A method for analyzing insurance-related data and credit-related data related to an individual, using a processor, the insurance-related data comprising one or more of insurance payment data related to the individual or insurance coverage data related to one or more of the individual and an asset, the method comprising:

receiving one or more of the insurance payment data or the insurance coverage data at the processor;
determining a credit data record of the individual in a credit data database, based on one or more of the insurance payment data or the insurance coverage data, using the processor;
storing one or more of the insurance payment data in the credit data record of the individual in the credit data database, or the insurance coverage data in a coverage data record of the individual in a coverage data database, using the processor;
receiving a request at the processor, the request for a credit risk analysis involving the credit-related data and the insurance-related data related to the individual;
retrieving one or more of the credit data record of the individual from the credit data database or the coverage data record of the individual from the coverage data database, using the processor;
performing the credit risk analysis to generate analytic data using the processor, based on the insurance-related data and the credit-related data in the retrieved credit data record and the coverage data record;
and
transmitting the analytic data from the processor.

5 more elements

A system for analyzing insurance-related data and credit-related data related to an individual, the insurance-related data comprising one or more of insurance payment data related to the individual or insurance coverage data related to one or more of the individual and an asset, the system comprising:

a processor in communication with a network;
a memory in communication with the processor, the memory for storing:
a credit data database comprising the credit-related data;
a coverage data database comprising the insurance coverage data;
an insurance information acquisition engine for:
receiving one or more of the insurance payment data or the insurance coverage data;
determining a credit data record of the individual in the credit data database, based on one or more of the insurance payment data or the insurance coverage data;
and
storing one or more of the insurance payment data in the credit data record of the individual in the credit data database, or the insurance coverage data in a coverage data record of the individual in the coverage data database;
and
an analysis engine for:
receiving a request, the request for a credit risk analysis involving the credit-related data and the insurance-related data related to the individual;
retrieving one or more of the credit data record of the individual from the credit data database, or the coverage data record of the individual from the coverage data database;
performing the credit risk analysis to generate analytic data, based on the insurance-related data and the credit-related data in the retrieved credit data record and the coverage data record;
and
transmitting the analytic data.

13 more elements

Dependencies are inferred from the claim text.