Insurance System and Method of Use
AssigneeIAN Group LLC
InventorTrent Phillips
Life of this patent
Estimating the term…
Abstract
An apparatus, comprising: at least one memory including computer program code. At least one processor, wherein the at least one memory and the computer program code are configured to, with the at least one processor, cause the apparatus at least to receive a claims event from an insured, calculating a one or more claim requirement recommendations based on the claims event and an E&O index table stored in the at least one memory, and assessing the validity of the claims event based on the comparison of the claims event to the one or more claim requirement recommendations.
Claims14
An apparatus, comprising:
- at least one memory including computer program code;
- and
- at least one processor,
- wherein the at least one memory and the computer program code are configured to, with the at least one processor, cause the apparatus at least to
- receive a claims event from an insured,
- calculating a one or more claim requirement recommendations based on said claims event and an E&O index table stored in said at least one memory, and
- assessing the validity of said claims event based on the comparison of said claims event to said one or more claim requirement recommendations.
An apparatus, comprising:
- at least one memory including computer program code;
- and
- at least one processor,
- wherein the at least one memory and the computer program code are configured to, with the at least one processor, cause the apparatus at least to analyzing a policy offering to a client at a time of policy initiation by:
- categorizing a client into a known and risk profiles and generating a policy quote;
- comparing said policy quote to a one or more data sources to determine completeness of said policy quote;
- and
- comparing said policy quote with previous events to determine likelihood of risk to the client associated with said policy quote.
A computer program product embodied on a non-transitory computer readable storage medium, the computer program product being encoded with instructions to control a processor to perform a process, the process comprising:
- receive a claims event from an insured,
- calculating a one or more claim requirement recommendations based on said claims event and an E&O index table stored in said at least one memory, and
- assessing the validity of said claims event based on the comparison of said claims event to said one or more claim requirement recommendations.
Dependencies are inferred from the claim text.