Capacity optimized electronic model based prediction of changing physical hazards and inventory items
US11657418B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 5, 2021 |
| Grant date | May 23, 2023 |
| Priority date | — |
| Expiry date | Jul 8, 2041 |
Classification
- Technology area (CPC Y)Emerging Cross-Sectional Technologies
- CPC primaryY02A10/40
- WIPO fieldAudio-visual technology
- WIPO sectorElectrical engineering
Abstract
The process of obtaining an insurance quote is currently based on information provided by filing online forms. Insurance companies use the consumer input data from online the forms to provide a quote for property insurance and for insurance underwriting. To complete the underwriting, the insurance companies have to make assumptions on various factors; for example, the structure and layout of a consumer's home, what type of content the consumer owns, its value, and its condition, among several others. It is desirable to get more accurate data on the consumer content, the structure and layout of the home, as well as other factors (e.g., hazards such as whether a house is on a canyon) in an automated fashion which would let insurance companies underwrite policies with a more accurate risk profile as well as save costs by not having to send an onsite inspector.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.