Social network risk analysis
AssigneeAllstate Insurance Company
InventorsThomas Warden, Christian Peccei
Life of this patent
Estimating the term…
Abstract
An enhanced social network module associated with an entity may create a social network for an individual, group, and/or organization. The module may then use the social network to determine risk associated with insuring a member of the social network. The determined risk may be used to calculate a rate for insuring the member. Additional features of the module may allow for the calculation of a group rate for insuring all members of the social network, the calculation of various centrality measures for each member of the social network, the calculation of a trust score for any given member, and the ability to poll members of the social network to determine various characteristics of any given member.
Claims19
A method comprising:
- using a processor associated with a computing device, creating a social network for an entity, wherein the social network connects the entity to a plurality of other entities through a plurality of connections configured to connect the entity to the plurality of other entities via intermediate entities;
- using the processor, analyzing the social network to determine risk associated with insuring the entity within the social network;
- using the processor and based upon the determined risk, determining a rate for insuring the entity;
- and
- using the processor, computing a betweeness centrality measure for the entity to determine how well the entity connects two separate sub communities within the social network.
An apparatus comprising:
- a processor;
- and
- a memory configured to store computer-readable instructions that, when executed by the processor, cause the processor to perform:
- creating a social network for an individual, wherein the social network connects the individual to a plurality of other individuals through a plurality of connections configured to connect the individual to the plurality of other individuals via intermediate individuals;
- determining at least one characteristic of the individual by analyzing the at least one characteristic of the intermediate individuals and the other individuals;
- computing a betweeness centrality measure for the individual to determine how well the individual connects two separate sub communities within the social network;
- based on the determined at least one characteristic of the individual, determining risk associated with insuring the individual;
- and
- based upon the determined risk, determining a rate for insuring the individual.
A non-transitory computer-readable storage medium having computer-executable program instructions stored thereon that when executed by a processor, cause the processor to perform steps comprising:
- creating a social network comprising a plurality of entities that are connected to other entities via intermediate entities;
- analyzing a plurality of centrality measures for the plurality of entities, wherein one of the plurality of centrality measures comprises a betweeness centrality measure to determine how well the plurality of entities connect two separate sub communities within the social network;
- and
- using information about the betweeness centrality measure to attract more entities to become customers.
Dependencies are inferred from the claim text.