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

A technology of factors and elements, applied in the system field of insurance design, can solve problems such as difficult management of the design process, inability to effectively respond to market changes, complexity, etc., and achieve well-structured, real-time insurance product design, and easy management effects

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

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

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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, in particular to a system and method for insurance design using standard insurance contexts and factors. Background technique [0002] The insurance industry considers many variables when designing and marketing different insurance products. For example, different factors are used when designing insurance products for different insured objects and / or geographic regions. In order to adapt to changes in customer and market needs, insurance companies need to constantly design new insurance coverage for various events, as well as new insurance products for various insured objects. For example, if a market opportunity arises, an insurance company may want to redesign its insurance coverage and develop new insurance products to profit from that market opportunity. [0003] However, with existing insurance design systems, this design / redesign process is often complex and time...

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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