Computer System for Assigning Customers to Group Dividend Plans Based on Data Indicative of Participation in Loss Prevention Programs or Affinity Groups

A computerized method for receiving data relating to a customer, assigning the customer to a group dividend plan based on the data, and calculating a dividend based on the assigned group dividend plan, the computerized method comprising:

• storing data in one or more data storage devices regarding a plurality of group dividend plans, including, with respect to at least one group dividend plan, eligibility criteria to be a member of the group dividend plan, a group of customers assigned to the group dividend plan, and premium payments and safety data associated with each customer of the group of customers assigned to the group dividend plan;
• receiving, by one or more computer processors, data related to the customer including data indicative of whether the customer participates in a loss prevention program;
• storing, in the one or more data storage devices, the data related to the customer;
• determining, by the one or more computer processors, based on the data related to the customer, whether the customer participates in a loss prevention program;
• responsive to a negative determination that the customer participates in a loss prevention plan, generating, by the one or more computer processors, a notification for transmittal to a customer device of ineligibility to participate in a group dividend plan;
• responsive to an affirmative determination that the customer participates in a loss prevention program, assigning, by the one or more computer processors, the customer to a group dividend plan;
• determining, by the one or more computer processors, an eligible premium for the customer based on the customer's assigned group dividend plan;
• calculating, by the one or more computer processors, the dividend to provide to the customer based on the group dividend plan to which the customer is assigned, the eligible premium for the customer, and the safety data stored in the one or more data storage devices.

A computer system configured to receive data relating to a customer, assign the customer to a group dividend plan based on the data, and calculate a dividend based on the assigned group dividend plan, the computer system comprising:

• one or more data storage devices storing data regarding a plurality of insurance group dividend plans, including, with respect to at least one group dividend plan, eligibility criteria to be a member of the group dividend plan, a group of customers assigned to the group dividend plan, and premium payments and safety data associated with each customer of the group of customers assigned to the group dividend plan;
• one or more computer processors in communication with the one or more data storage devices;
• and
• a memory in communication with the one or more computer processors and storing program instructions which cause the one or more computer processors to:
• receive data related to a customer including data indicative of whether the customer participates in a loss prevention program and data indicative of whether the customer is a member of an affinity group;
• store the data related to the customer in the one or more data storage devices;
• determine, based on the data related to the customer, whether the customer participates in at least one of a loss prevention program or an affinity group;
• responsive to a negative determination that the customer participates in at least one of a loss prevention plan or an affinity group, generate a notification for transmittal to a customer device of ineligibility to participate in a group dividend plan;
• responsive to an affirmative determination that the customer participates in at least one of a loss prevention program or an affinity group, assign the customer to a group dividend plan;
• determine an eligible premium for the customer based on the customer's assigned group dividend plan;
• and
• calculate the dividend to provide to the customer based on the group dividend plan to which the customer is assigned, the eligible premium for the customer, and the safety data stored in the one or more data storage devices.