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Systems and methods for insurance design using standard insurance contexts and factors

An insurance design and factoring technology, applied in computing, data processing applications, instruments, etc., can solve problems such as ineffective response to market changes, difficult management of the design process, and complexity, and achieve real-time insurance product design, well-structured, and easy to use. management effect

Inactive Publication Date: 2015-04-29
EBAOTECH CORP
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Because these insurance products and various coverages have no structural relationship to each other, the design process inevitably becomes unmanageable
The process can be complex and time-consuming
Therefore, while pre-defining and saving insurance coverage may save time in assembling insurance products, it still cannot effectively respond to market changes
In practice, pre-determining and managing these unstructured insurance coverages is complex and time-consuming

Method used

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  • Systems and methods for insurance design using standard insurance contexts and factors
  • Systems and methods for insurance design using standard insurance contexts and factors
  • Systems and methods for insurance design using standard insurance contexts and factors

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Embodiment Construction

[0037] The present invention will now be described in detail with reference to exemplary embodiments, some of which are illustrated in the accompanying drawings. The following description is made with reference to the drawings, and unless otherwise indicated, the same numbers in different drawings represent the same or similar elements. The solutions described in the following exemplary embodiments do not represent all the solutions of the present invention. On the contrary, these solutions are merely examples of the systems and methods of the various aspects of the invention referred to in the appended claims.

[0038] figure 1 It is a block diagram of an insurance design system 100 according to some disclosed embodiments. In some embodiments, the system 100 may include an insurance software provider 110, insurance companies 120A and 120B, a customer 130, and a network 140. It is expected that the components of the system 100 and the arrangement of the components may vary. Fo...

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PUM

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Abstract

A computer-implemented method for creating an insurance design is disclosed. The method includes defining a plurality of factors, and associating the plurality of factors with at least one insurance context. The method further includes providing a list of associated factors upon a selection of the insurance context. Computer-implemented method for creating an insurance coverage and an insurance product are also disclosed. The methods include providing a list of factors associated with a plurality of user- selected insurance contexts, and determining the insurance coverage or insurance product based on the list of factors.

Description

Technical field [0001] The present invention relates to a system and method for insurance design, and specifically to a system and method for insurance design using standard insurance contexts and factors. Background technique [0002] The insurance industry has to consider many variable factors when designing and marketing different insurance products. For example, when designing insurance products for different insured objects and / or geographic regions, different factors are used. In order to adapt to changes in customer and market demands, insurance companies need to continuously design new insurance coverage for various events and design new insurance products for various insured objects. For example, if there is a market opportunity, an insurance company may want to redesign its insurance coverage and develop new insurance products to profit from the market opportunity. [0003] However, with existing insurance design systems, this design / redesign process is usually ...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q40/08
CPCG06Q40/08
Inventor 乐伟梁
Owner EBAOTECH CORP
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