33 results about "Insurability" patented technology

A method determines insurability of drivers. The method includes simulating a driving experience for a driver in an interactive driving simulator. Performance of the driver in the simulated driving experience is evaluated to generate a driving proficiency score for the driver. The method also includes evaluating insurability of the driver based on the driving proficiency score. A system also determines insurability of drivers.

Systems and methods are disclosed herein for determining an insurance evaluation based on an industrial classification. The system may be configured to receive an electronic resource address relating to an entity, access data relating to the entity using the electronic resource address, tokenize the data, generate token counts based on the tokenized data; and apply at least one computerized predictive model to the token counts to determine one or more classifications associated with the entity. The system may further be configured to conduct evaluations of insurability, fraud determinations and other processes using the determined classification(s).

A method and system for evaluating insurability of an applicant for insurance from a carrier. A server, receiving and responsive to communications from a client computer, renders a contemporaneous insurability decision. The communications from the client computer include responses to an interactive questionnaire presented via a browser. A database associated with the server stores a comprehensive set of questions for collecting underwriting information and the server executes processing rules to determine which questions to present in the questionnaire. The questionnaire includes base questions and detail questions. The detail questions are each related to at least one of the base questions for collecting further information related to the respective base question. The server renders the insurability decision and exports a summary file to the carrier. The summary file includes the questions and responses thereto as well as the insurability decision.

Provided is a process of inferring insurability scores, the process including: receiving a request for an insurance comparison webpage; sending instructions to present one or more webpages of a web site having a plurality of user inputs configured to receive a plurality of attributes of the user; receiving the attributes; determining an insurability score with an insurability model based on the received attributes of the user; and sending instructions to display a value indicative of the insurability score.

A blanket insurance method and policy for insuring the owner of an apartment or multi-unit dwelling from damage to his building caused by his tenant's unintentional acts comprising: inputting into a computer processor a database of building physical information, occupancy information, and tenant rental information; inputting into the computer processor an insurance qualification program for renters legal liability insurance covering the building owner from unintentional damage caused by the tenant from fire, smoke, explosions, water damage, or negligence injuries by the tenant caused to third parties pursuant to predetermined insurability criteria; qualifying the building for renters legal liability insurance, and computer translating and generating insurance coverage for the building owner based on the number of units in the building and insurance coverage limits desired, and billing the owner for renter's legal liability insurance.

There are provided systems and methods for extensible device assessment and dynamic policy configuration, where a plurality of devices associated with a primary device owner can be covered in a dynamically adjustable insurance policy. In one embodiment, a primary device is tested and assessed for insurability, then additional related devices may be discovered devices through network connections established through communications interfaces with the primary device (as well as direct inputs from the device owner. Then once devices are discovered and more fully diagnosed for operational status, insurance/warranty options are assessed, and a list of devices, coverage options, and cost is provided to the device owner. As such, comprehensive insurance with known and manageable risk may be provided for a collection of devices, not all of which may be presented to an insurance agent in person.

A method and system for converting an annuity fund to a life insurance policy at a predetermined conversion date comprising the following steps: establishing an annuity fund of a predetermined and purchasing a fixed annuity for the annuity fund, establishing an irrevocable life insurance conversion plan including selecting the predetermined conversion date, selecting a predetermined mortality death benefit at the predetermined conversion date and purchasing a guaranteed insurability option to guarantee the availability of the predetermined mortality death benefit at the predetermined conversion date, accruing fixed investment income within the annuity fund on a tax deferred basis until the predetermined conversion date, converting the annuity fund to the life insurance policy with the predetermined mortality death benefit at the predetermined conversion date, accruing income within the life insurance policy until the death of the insured under the life insurance policy and disbursing the death benefit consisting of mortality insurance and accrued cash values to the beneficiary at the death of the insured under the life insurance policy.

The invention discloses a voltage sag insurance mechanism confirming method for a sensitive power user, and the method comprises the following steps: constructing a multi-attribute decision matrix ofa decision making subject for a decision theme on the basis of the decision scheme and decision attributes of the decision making subject, and converting the multi-attribute decision matrix into a standard matrix, wherein the decision attributes comprise insurance premium, net income, payment amount, and risk taking degree; calculating decision attribute weights; calculating decision values of alldecision makers on the decision scheme; sorting the decision values to determine the most feasible decision theme. The two-stage multi-target decision making method is employed, and the method integrates multiple types of attribute information. The preference degree of the scheme is optimized, and the attribute weights are obtained, thereby solving a problem that the subjectivity of the weights is high. The method achieves the evaluation of the preference degree of each subject for different mechanisms, and achieves the concluding and unifying of the scattered evaluation information of all subjects. The clear and high-feasible voltage sag insurance mechanism improves the insurability, improves the recognition degree of each side for the insurance mechanism, reduces the loss of each side,and improves the feasibility.

In a computer-implemented method, disaster location data indicating a location (e.g., latitude and longitude) of a natural disaster may be received, and a location (e.g., latitude and longitude) of a risk (such as a property or home) may be determined. A distance between the location of the natural disaster and the location of the risk may be calculated. It may be determined that the risk is, or is not, insurable at least in part by comparing the calculated distance to a threshold distance. In response to determining that the property is, or is not, insurable, a user interface may be caused to provide an indication that the risk is, or is not, insurable, respectively. When a property is determined to be insurable, the method may facilitate providing property insurance covering properties that otherwise would not be eligible or qualify for insurance as a result of the natural disaster.

A method and apparatus for insuring the owner of an apartment or multi-unit dwelling from damage to his building caused by his tenant's unintentional acts comprising: inputting into a computer processor a database of building physical information, occupancy information, and tenant rental information; inputting into the computer processor an insurance qualification program for renters legal liability insurance covering the building owner from unintentional damage caused by the tenant from fire, smoke, explosion, water discharge, and sewer backup, or negligence injuries by the tenant caused to third parties pursuant to predetermined insurability criteria; qualifying the building for renters legal liability insurance, and computer translating and generating insurance coverage for the building owner based on the number of units in the building and insurance coverage limits desired, and billing the owner for renter's legal liability insurance.