System and method for generating contextually relevant device compensation

A sensor-based system generates customized insurance plans for consumer electronic devices by considering usage patterns and device condition, addressing inefficiencies in existing plans by offering tailored coverage based on actual usage and condition.

JP7883536B2Active Publication Date: 2026-07-01HYLA INC
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Patent Information

Application Number
JP2024077106
Authority / Receiving Office
JP · JP
Patent Type
Patents
Current Assignee / Owner
Priority Date
2018-05-04
Filing Date
2024-05-10
Publication Date
2026-07-01
Estimated Expiration
2039-05-05

AI Technical Summary

Technical Problem

Existing insurance or compensation plans for consumer electronic devices do not consider consumer trends or usage behavior, leading to inefficient pricing and coverage.

Method used

A system and method that utilizes sensors within electronic devices to detect usage patterns, assess potential risks, and generate customized insurance or compensation plans based on device depreciation, durability, and user behavior.

Benefits of technology

Provides personalized insurance or compensation plans that account for actual usage and condition of devices, reducing costs and improving coverage relevance.

✦ Generated by Eureka AI based on patent content.

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Patent Text Reader

Abstract

To provide methods that can detect use of a consumer electronics device and that can generate and offer insurance or protection plans that measure, account, and adjust for the use of the consumer electronics device and consumer tendencies while using the consumer electronics device.SOLUTION: A method includes the steps of: receiving first data from a first sensor of a consumer electronics device; and determining whether the first data indicates a risk to the consumer electronics device or relates to the risk and stores, in response the determination, first information indicating that the consumer electronics device has been exposed to risk.SELECTED DRAWING: Figure 1
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Citation Information

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