Flight Delay Risk Transfer Using Automated Parametric Triggers
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Solution Overview
Problem
Current flight delay insurance systems are complex, time-consuming, and labor-intensive, requiring manual claim processing and review, which hinders quick and accurate compensation for passengers or goods affected by flight delays.
Innovation Solution
An automated, self-sufficient flight-delay insurance system that pools resources from risk-exposed units, using air data parameters to detect flight delays and trigger payments through a dynamic pricing mechanism, enabling immediate and transparent compensation without manual intervention.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If manual claim processing and review is used in conventional flight delay insurance systems, then comprehensive verification of claim materials can be performed, but the system becomes complex, time-consuming, and labor-intensive
Solution Approach 1:
The patent replaces manual mechanical review processes with an automated electronic system that captures flight data directly from air traffic control and airline systems. The automated system electronically verifies claim materials against actual flight operation data, eliminating the need for manual document review while maintaining verification accuracy through direct data integration and automated comparison algorithms.
Solution Approach 2:
The patent introduces an automated intermediary system that acts as a mediator between passengers and insurance companies. This system automatically captures claim materials, verifies them against flight operation data from external sources, and processes payments without requiring manual intervention from either party, thereby simplifying the overall system while maintaining reliability through automated cross-verification.
2Reliability
If manual claim processing is used, then thorough review of claim materials can be conducted, but the claim settlement process becomes time-consuming and delays compensation
Solution Approach 1:
The patent performs preliminary actions by pre-capturing and storing flight operation data from air traffic control and airline systems before claims are filed. When a delay occurs, the system already has the authoritative flight data ready for immediate comparison with claim materials, eliminating the need for time-consuming data retrieval and verification during the claims process.
Solution Approach 2:
The patent replaces sequential manual review steps with parallel automated electronic verification processes that simultaneously check multiple claim materials against flight operation data. This electronic substitution enables thorough verification to be completed in real-time rather than through prolonged manual examination, significantly reducing settlement time while maintaining review thoroughness.
3Measurement precision
If conventional insurance systems require manual application and review, then detailed assessment of claims can be performed, but the process becomes labor-intensive for both the insurance company and the passenger
Solution Approach 1:
The patent enables self-service by allowing passengers to automatically file claims through electronic submission of flight information and delay evidence. The system automatically captures the necessary data, performs verification against flight operation records, and processes payments without requiring passengers to manually complete complex forms or navigate complicated procedures, thereby maintaining assessment accuracy while dramatically improving ease of operation.
Solution Approach 2:
The automated system serves as an intermediary that handles all labor-intensive tasks between passengers and insurance companies. It automatically captures claim materials, verifies them against flight operation data, assesses the validity of claims, and processes payments, thereby eliminating the manual labor burden from both passengers and insurance employees while maintaining precise assessment through automated verification algorithms.
4Productivity
If automated risk transfer is implemented, then quick and accurate compensation can be provided, but the system requires sophisticated data capture and processing capabilities
Solution Approach 1:
The patent achieves productivity by implementing a universal automated system that performs multiple functions: capturing flight data from air traffic control, receiving claim materials from passengers, verifying claims against operation data, calculating compensation amounts, and processing payments. This multi-functional integration enables quick and accurate compensation processing while managing system complexity through consolidated automated workflows that handle all tasks through a unified platform.
Data Source
AI summary
A system for risk sharing of a variable number of objects includes circuitry that receives transmitted air data parameters of aircraft controllers and/or ground-based flight controllers of air-ports or flight control systems and filters the transmitted air data parameters to detect flight indicators indicating predicted or actual flight time parameters assigned to a specific flight trajectory of an aircraft. The circuitry also dynamically triggers the flight time parameters via data flow pathway of the aircraft controllers and/or the ground-based flight controllers based on a predefined time-delay threshold value. For each triggered occurrence of a time delay associated with the specific flight trajectory, the circuitry sets a corresponding trigger-flag to all the objects assignable to that flight, and allocates a parametric transfer of payments to each trigger-flag.