Multi-Product Insurance Discount Calculation System

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Solution Overview

Problem

Existing insurance systems lack an efficient method for potential customers to enter personal information and select insurance products, thereby hindering their ability to visualize and obtain multi-product insurance discounts.

Innovation Solution

A computer-implemented method and system that allows potential insurance customers to input personal data and select insurance products, generating data representative of multi-product insurance discounts based on this information.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If insurance customers manually communicate with agents to obtain discount information, then discount information can be obtained, but the process is time-consuming and inefficient

Engineering Contradiction:

Improveefficiency of obtaining discount informationVSAvoidtime required to obtain discount information

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The system enables customers to independently input their personal information and select insurance products through a user interface, with the system automatically calculating and displaying multi-product discount information without requiring agent intervention for each inquiry

Inventive Principle:

Principle #25Self-service

Solution Approach 2:

The system pre-configures discount structures and rules in the backend, allowing discount calculations to be automatically performed when customers select multiple products, eliminating the need for manual calculation and communication during the sales process

Inventive Principle:

Principle #10Preliminary action

2Ease of operation

If a comprehensive system is built to allow customers to input personal data and select products independently, then customer autonomy and efficiency improve, but system complexity increases

Engineering Contradiction:

Improvecustomer ability to independently obtain discount informationVSAvoidcomplexity of the insurance system

Core Design Contradiction:

Ease of operationVSDevice complexity

Solution Approach 1:

The system is divided into distinct functional modules: a user interface module for customer input, a data processing module for receiving and validating information, a calculation module for determining discounts, and a display module for presenting results. This modular architecture manages complexity while maintaining ease of use

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The system introduces a structured data processing intermediary layer that sits between the simple user interface and the complex discount calculation logic, using standardized data formats and processing rules to bridge the gap between user-friendly input and sophisticated backend processing

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS12293415B2Systems and methods for generating data representative of multi-product insurance discounts and related user interface displays

Publication Date: 2025.05.06 STATE FARM MUTAL AUTOMOBILE INSURANCE COMPANY

AI summary

The present disclosure generally relates to systems and methods for generating data representative of multi-product insurance discounts and related user interface displays. The systems and methods may include receiving personal data from an insurance customer and insurance product data. The systems and methods may further include generating data representative of multi-product insurance discounts based on personal data from an insurance customer and insurance product data. The systems and methods may further include generating displays of the multi-product discounts based on data representative of multi-product insurance discounts.