System, method and computer program product for facilitating informed decisions relating to the fair sharing of the costs of insurance between a group and a third party
US8463625B1 · kind B1 · utility
Inventor
Key dates
| Filing date | May 28, 2010 |
| Grant date | Jun 11, 2013 |
| Priority date | — |
| Expiry date | Jul 1, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system, method, and computer program product embodied on a computer readable medium are provided. In use, census information pertinent to a group insured by one or more insurance policies is received from a user. Further, second information describing attributes of one or more insurance policies available to the group for a particular type of insurance is received from the user. In addition, for each individual or family in the group and each of the available one or more insurance policies, an application is executed that is capable of calculating uncovered costs associated with the second information and calculating a total of the uncovered costs for the group. Also, third information regarding a premium of each of the available one or more insurance policies for the group is received from the user. Moreover, fourth information regarding a rule for and type of fair sharing of a total of the premium and the uncovered costs between the group and a third party is received from the user. Still yet, the total of the uncovered costs, the third information, and the fourth information are processed to produce the fair sharing of the total of the premium and the uncovered costs of insura…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.