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Calculation method and system for insurance related cost of insurance product

A technology for premiums and products, applied in computing, data processing applications, instruments, etc., can solve problems such as missed market opportunities, losses, and inability to respond to market changes in a timely manner, achieving fast market changes and simple calculations

Inactive Publication Date: 2016-04-06
EBAOTECH CORP
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

This not only increases the complexity of the calculation, but also leads to the inability to respond to various market changes in time
[0004] In addition, the existing calculation results are the insurance-related expenses of the entire insurance policy. When it is necessary to determine the contribution ratio of each coverage or insured object to the entire insurance policy, the existing calculation method cannot realize this function, which makes the insurance industry Insurers (such as insurance companies or insurance software design companies) have difficulty in statistically tracking market data, and cannot adjust coverage or other policy content in a timely manner, which may cause losses or miss market opportunities

Method used

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  • Calculation method and system for insurance related cost of insurance product
  • Calculation method and system for insurance related cost of insurance product
  • Calculation method and system for insurance related cost of insurance product

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Embodiment Construction

[0044] The method and system of the present invention will be described below with reference to specific examples. It should be understood that the enumerated examples are provided for illustrative purposes only and should not be regarded as limiting the scope of the present invention.

[0045] figure 1 A flow chart of a method 100 for adjusting when calculating insurance-related costs of an insurance product according to the present invention is shown. The method 100 includes a step 101 of determining the type and order of adjustment; a step 102 of performing one or more adjustments to the initial value obtained by evaluating according to a predetermined function according to the determined adjustment type and order; and using the formed adjustment value as a subsequent Step 103 of calculating the basis.

[0046] In step 101, "determination" is the process of selection or configuration, such as selecting one or more adjustment types from the available adjustment types for su...

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Abstract

The invention relates to an adjustment method for calculating the insurance related cost of an insurance product. The method comprises that the adjusting type and sequence are determined; one or more adjustment is implemented on an initial value, obtained according to a predetermined function, in the determined adjusting type and sequence; and the adjusted value serves as basis of subsequent calculation. The invention further relates to the calculation method for the insurance related cost of the insurance product. The calculation method includes the step of cost sharing. The method and system provided by the invention can realize high configurable performance, enables calculation to be simpler and rapider, and is adapted to market change more rapidly. In addition, the method and system can be used to calculate and track market data, and adjust the insurance range and other insurance content rapidly to adapt to market change.

Description

technical field [0001] The present invention relates to a method and system for calculating insurance-related expenses of insurance products, in particular to a method and system for calculating and adjusting insurance-related expenses (such as policy premiums, premium derivative expenses, etc.). Background technique [0002] The calculation of insurance-related expenses of insurance products is very complicated due to the ever-changing factors such as the scope of coverage, the number and type of insured objects, and the factors involved. Therefore, the calculation of insurance-related expenses is usually realized by using computer software. However, because insurance products often change in terms of coverage, insured objects, discounts, taxes, etc. according to market demand, it often requires recalculation of insurance-related expenses even if the contents of the two insurance policies are exactly the same. [0003] The existing methods for calculating policy premiums i...

Claims

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Application Information

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