Comprehensive insurance product with loss coverage and assistance services
AssigneeAmerican International Group, Inc.
InventorDominique Roudaut
Life of this patent
Estimating the term…
Abstract
Aspects of the disclosure describe systems and methods for providing a combined insurance and assistance product to an insured. Insurance coverage can be provided to the insured for at least one insured loss event in conjunction with assistance services coverage based upon the at least one insured loss event. A base premium for the combined insurance and assistance product can be calculated based at least in part on a premium for the insurance coverage and a premium for the assistance services coverage. Assistance services can include preventive services directed to helping avoid the occurrence of at least one insured loss event and/or rehabilitative services directed to providing assistance after an occurrence of at least one insured loss event.
Claims17
A method of providing a combined insurance and assistance product to an insured, the method comprising:
- providing insurance coverage to the insured for at least one insured loss event;
- in combination with providing insurance coverage, providing assistance services coverage to the insured based upon the at least one insured loss event;
- and
- calculating a base premium for the combined insurance and assistance product using a computer to execute computer executable instructions stored on a tangible computer-readable medium, the base premium based at least in part on the sum of a calculated premium for the insurance coverage and a calculated premium for the assistance services coverage.
A system for providing a combined insurance and assistance product to an insured that provides insurance coverage to the insured for at least one insured loss event and assistance service coverage to the insured based upon the at least one insured loss event, the system comprising:
- at least one database that stores product data comprising at least one of statistical data concerning the frequency of at least one insured loss event, the cost associated with providing at least a portion of the assistance service coverage, information requests sent to the insured, bibliographic information concerning the insured, and payment history of the insured;
- a tangible computer-readable medium storing at least one software application for calculating a base premium for the combined insurance and assistance product which is based at least in part on the sum of a calculated premium for the insurance coverage and a calculated premium for the assistance services coverage;
- at least one server that operates the at least one software application for calculating the base premium;
- at least one communication network providing communication between the at least one database that stores product data, the at least one software application for calculating the base premium, and the at least one server that operates the at least one software application for calculating the base premium;
- and
- at least one electronic user interface to access the at least one software application for calculating a base premium and the at least one database that stores product data.
Dependencies are inferred from the claim text.