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System and method for secure information validation and exchange

A verification scheme, a technology for verifying data, applied in the field of systems and methods for security information verification and exchange, and can solve problems such as high, time-consuming, and incomplete insurance applications

Pending Publication Date: 2020-03-17
COVERED INSURANCE SOLUTIONS INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0005] However, gathering and organizing the required information can be time-consuming or costly for the applicant, reducing the chances that the applicant will complete the application
Incomplete insurance applications increase costs and reduce risk spread for insurance providers and potentially expose applicants to inadvertent disclosure of confidential information

Method used

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  • System and method for secure information validation and exchange
  • System and method for secure information validation and exchange
  • System and method for secure information validation and exchange

Examples

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Embodiment Construction

[0024] Embodiments described herein relate to systems and methods for facilitating binding transactions between two or more parties. In particular, embodiments described herein relate to the efficient and secure aggregation, validation, formatting, and Systems and methods for converting and exchanging. Due to the construction and configuration described herein, binding transactions can be completed in a more efficient, private and secure manner.

[0025] One example of a binding transaction is an insurance transaction between an insurance applicant and an insurance provider (generally referred to herein as a "carrier"). For simplicity of description, the following embodiments and examples refer to real estate insurance transactions. However, it will be appreciated that this is merely an example and that the techniques, examples, methods and systems described herein may be equally applied to other transactions (or types of transactions), including but not limited to: renters ...

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PUM

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Abstract

Systems including purpose-configured controllers that securely separate functionally, structurally, or physically data acquisition, validation, and aggregation operations from data distribution operations associated with completing and distributing an insurance application to insurance carriers.

Description

[0001] Cross References to Related Applications [0002] This Patent Cooperation Treaty patent application claims priority to U.S. Provisional Application No. 62 / 491,722, filed April 28, 2017, entitled "System and Method for Secure Information Validation and Exchange," the contents of which are incorporated by reference in their entirety Incorporated into this article. technical field [0003] Embodiments described herein relate generally to systems and methods for securely collecting and verifying structured and unstructured information from an entity to facilitate binding transactions between the entity and third parties. Background technique [0004] A party, such as an individual or a business, may purchase insurance from an insurance provider to mitigate the risk of certain financial losses. Typically, an insurance provider requires an application containing specific confidential information from the party seeking coverage (the "applicant") before the insurance provide...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q10/10G06Q40/08
CPCG06Q10/10G06Q40/08G06Q10/087G06Q40/02G06Q40/06G06Q50/22
Inventor R·迪德里希C·迪德里希J·鲍恩R·戴罗杰R·哈耶克
Owner COVERED INSURANCE SOLUTIONS INC