Disability Insurance Selection System Using Scoring Algorithms
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Solution Overview
Problem
Individuals face challenges in selecting an appropriate disability insurance package due to the complexity of available options and insufficient coverage from other income supplementation methods, leading to potential financial difficulties during extended disabilities.
Innovation Solution
A disability insurance selection system that queries users with prompts, assigns point values to responses, and recommends a disability insurance package based on calculated scores, integrating a query unit, scoring unit, and recommendation unit to facilitate informed decision-making.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If comprehensive disability insurance options are provided, then coverage adequacy is improved, but selection complexity increases
Solution Approach 1:
The patent introduces an intermediary system comprising a query unit, scoring unit, and recommendation unit that mediates between the user and the complex insurance options. The query unit presents tailored questions, the scoring unit evaluates responses against multiple insurance packages, and the recommendation unit generates ranked recommendations, thereby simplifying the selection process while maintaining comprehensive coverage evaluation
Solution Approach 2:
The system dynamically changes parameters by generating customized question sets and scoring criteria based on user profiles and different insurance package characteristics. The scoring unit adjusts evaluation parameters to match specific user needs and insurance product features, transforming the static complex selection process into a dynamic adaptive evaluation
2Adaptability or versatility
If customized insurance recommendations are provided, then user satisfaction is improved, but processing time increases
Solution Approach 1:
The system performs preliminary actions by pre-establishing question templates, scoring criteria, and recommendation algorithms before user interaction. The query unit has pre-defined question sets that can be quickly deployed, and the scoring unit has pre-configured evaluation frameworks, enabling rapid customized processing without extensive real-time computation
Solution Approach 2:
The customization process is segmented into distinct modular components: the query unit handles user input collection, the scoring unit performs independent evaluation calculations, and the recommendation unit generates results. This segmentation allows parallel processing and reduces overall processing time while maintaining high customization levels
Data Source
AI summary
Disclosed herein are selection systems and methods for selecting a disability insurance package from a plurality of disability insurance packages, and for recommending the selected disability insurance package to a client. A selection system can include a query unit, a scoring unit and a recommendation unit. The query unit can present two or more prompts related to disability insurance, each prompt being associated with two or more response choices. A client can select a response choice for each prompt, and the query unit can receive the selected response choices. The scoring unit can associate point values with each of the selected response choices and can calculate a response score by combining the point values. The recommendation unit can select a disability insurance package corresponding the response score resulting from the user's responses to the prompts. Other embodiments of selection systems are also disclosed herein.