Vehicle Insurance Premium Calculation for Hail-Protected Panels
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Solution Overview
Problem
Insurance companies incur significant repair costs when vehicles are damaged by natural disasters like hail. There is a need for a system that reduces the burden on insurance companies during such events.
Innovation Solution
A vehicle insurance premium calculation device that determines the presence of protective components covering vehicle panels and offers a lower insurance premium when such components are used, thereby incentivizing their use.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If protective components are installed on vehicle panels, then hail damage protection is improved, but device complexity increases
Solution Approach 1:
The patent applies preliminary action by installing protective components (protective films, covers, or shields) on vehicle panels before hail damage occurs. The system proactively protects the vehicle by determining in advance that protective components are present and using this information to calculate reduced insurance premiums, thereby preventing damage before it happens rather than responding after damage occurs.
Solution Approach 2:
The patent uses an intermediary approach by introducing a determination device that mediates between the protective components and the insurance premium calculation system. This determination device detects the presence of protective components and provides this information to the premium calculation system, enabling the system to automatically adjust premiums based on the protective measures in place without requiring direct integration of all protective component types into the insurance system.
2Loss of energy
If protective components are installed on vehicle panels, then repair cost burden on insurance company is reduced, but ease of operation decreases
Solution Approach 1:
The patent applies self-service by enabling the determination device to automatically detect and identify protective components without requiring manual input or complex customer actions. The system autonomously determines the presence of protective components and calculates appropriate premium reductions, allowing customers to simply install the protective components while the system handles the administrative and calculation aspects automatically.
Solution Approach 2:
The patent implements feedback by creating a closed-loop system where the determination device continuously monitors for protective components, provides this information back to the premium calculation system, and automatically adjusts premiums accordingly. This feedback mechanism ensures that customers receive the appropriate premium reductions without needing to manually claim or report their protective component installations.
3Reliability
If protective components are installed on panel groups, then market value depreciation is suppressed, but device complexity increases
Solution Approach 1:
The patent applies segmentation by dividing the vehicle body into distinct panel groups (e.g., roof panel group, hood panel group, trunk panel group) that can be independently evaluated for protective component coverage. This segmentation allows the determination device to systematically assess each panel group separately, making the complex task of evaluating entire vehicle protection manageable through structured, modular analysis of specific panel regions.
Solution Approach 2:
The patent applies local quality by evaluating protective component coverage at specific local regions (individual panel groups) rather than requiring uniform protection across the entire vehicle. The system determines premium reductions and market value preservation benefits based on the specific local quality of protection provided to each panel group, allowing for differentiated treatment of different vehicle regions based on their specific protective coverage status.
Data Source
AI summary
The processor of the calculation device is configured to perform a determination process and a calculation process. In the determination process, the processor determines the presence or absence of a protective component for covering at least one panel disposed on a top of a vehicle. In the calculation process, the processor calculates, when at least one of panels disposed on the top of the vehicle is covered by the protective component, a smaller insurance premium than an insurance premium calculated when none of the panels disposed on the top of the vehicle is covered by the protective component.