Automated regulatory compliance for insurance

US11620713B2 · kind B2 · utility

Assignee

• ACCENTURE GLOBAL SOLUTIONS LIMITED · IE

Inventors

• Peter Ashly · Chennai, IN
• Srinivasan Krishnan Rajagopalan · Chennai, IN
• Venkatesan Kamalakannan · Chennai, IN
• Anand Yesuraj Prakash · Chennai, IN
• Manikandan Chandran · Chennai, IN
• Thangaraj Paramasivan · Tirunelveli, IN
• Sivasubramanian Arumugam Jalajam · Chennai, IN
• Loganathan Muthu · Chennai, IN
• Vinu Varghese · Kanchinakote, IN
• Kumar Viswanathan · San Jose, US

Key dates

• Filing date: Oct 5, 2017
• Grant date: Apr 4, 2023
• Expiry date: Feb 21, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/10
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, are described that enable identifying an insurance information associated with a property, retrieving one or more compliance rules related to the insurance information, automatically determining, based on the one or more compliance rules, whether the insurance information has a compliant status or a non-compliant status, in response to determining that the insurance information has the non-compliant status, processing the insurance information, based on one or more exception rules, to generate an exception waiver including a plurality of waiver parameters, applying the plurality of waiver parameters to a waiver model to determine a waiver confidence score, and based on the waiver confidence score selectively generate an insurance certificate for the property.