Multivariate predictive system
US10223751B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 20, 2015 |
| Grant date | Mar 5, 2019 |
| Priority date | — |
| Expiry date | Dec 20, 2035 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F16/2365
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
A multivariate predictive system processes usage based data that includes a database engine that provides access to a plurality of database management systems that mine diverse sources of usage based data. A digital filter selectively filters data streams that include usage based data. A sampler automatically divides the filtered data into sample groups and stores the sample groups in a memory. The sampler divides the filtered data according to insurance rating variables processed by a processor programmed to underwrite an insurance product and rate that insurance product. Some samplers store the divided filter data in a local memory. A multiplier multiples rating factors preprogrammed with the insurance rating variables with a base rate of insurance to determine an insured's insurance premium.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.