System and method to provide savings based on reduced energy consumption
First Claim
1. A computer system, comprising:
- a memory configured to store instructions;
a processor disposed in communication with the memory, wherein upon execution of the instructions is configured to;
receive a first set of informatics data from at least one sensor device relating to at least one operational aspect of an insured property, the first set of informatics data being collected by the at least one sensor device for a first period of time;
analyze the first set of informatics data to determine a cost associated with operating the insured property;
identify operational changes for the at least one operational aspect to achieve a cost savings for operating the insured property for a second period of time;
send the identified operational changes to a designated custodian of the insured property;
determine an instruction for the at least one sensor device to take a series of readings, over the second period of time, relating to the at least one operational aspect of the insured property;
transmit the instruction to the at least one sensor device;
receive a second set of informatics data from the at least one sensor device based on the series of readings taken by the at least one sensor device over the second period of time;
determine that at least one of the identified operational changes has been initiated for the second period of time based on the second set of informatics data;
calculate a cost savings attributable to the initiation of the at least one identified operational change for the second period of time; and
based on the calculated cost savings, transfer funds from a first financial account to a second financial account associated with a user of the insured property.
1 Assignment
0 Petitions
Accused Products
Abstract
A computer device and method for processing informatic data from one or more sensor devices associated with a property covered by an insurance policy. Analysis is performed on the informatic data received from sensor devices to determine a cost associated with operating the insured property. Operational changes are identified and recommended regarding one or more operational aspects of the insured property to achieve a cost savings for operating the insured property. If one or more recommended operational changes are implemented, a cost savings is calculated which is attributable to the one or more operational changes. Monetary funds are transferred from a first financial account to a second financial account associated with a user of the insured property whereby the transfer funds amount is dependent upon the calculated cost savings.
157 Citations
20 Claims
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1. A computer system, comprising:
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a memory configured to store instructions; a processor disposed in communication with the memory, wherein upon execution of the instructions is configured to; receive a first set of informatics data from at least one sensor device relating to at least one operational aspect of an insured property, the first set of informatics data being collected by the at least one sensor device for a first period of time; analyze the first set of informatics data to determine a cost associated with operating the insured property; identify operational changes for the at least one operational aspect to achieve a cost savings for operating the insured property for a second period of time; send the identified operational changes to a designated custodian of the insured property; determine an instruction for the at least one sensor device to take a series of readings, over the second period of time, relating to the at least one operational aspect of the insured property; transmit the instruction to the at least one sensor device; receive a second set of informatics data from the at least one sensor device based on the series of readings taken by the at least one sensor device over the second period of time; determine that at least one of the identified operational changes has been initiated for the second period of time based on the second set of informatics data; calculate a cost savings attributable to the initiation of the at least one identified operational change for the second period of time; and based on the calculated cost savings, transfer funds from a first financial account to a second financial account associated with a user of the insured property. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A computer system for modifying an insurance product, comprising:
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a memory configured to store instructions; a processor disposed in communication with the memory, wherein upon execution of the instructions is configured to; receive a first set of informatics data from at least one sensor device relating to at least one operational aspect of an insured property, the first set of informatics data being collected by the at least one sensor device for a first period of time; analyze the first set of informatics data to determine a cost associated with operating the insured property; adjust the at least one operational aspect of the insured property to achieve a cost savings for operating the insured property over a second period of time; determine an instruction for the at least one sensor device to take a series of readings, over the second period of time, relating to the at least one operational aspect of the insured property; transmit the instruction to the at least one sensor device; receive a second set of informatics data from the at least one sensor device based on the series of readings taken by the at least one sensor device over the second period of time; analyze the second set of informatics data to verify that the at least one operational aspect has achieved the cost savings over the second period of time; determine an insurance product reduction amount contingent upon the cost savings; and apply the reduction amount to an insurance product associated with the insured property. - View Dependent Claims (16, 17)
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18. A computer system for providing savings attributable to operational changes of an insured property, comprising:
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a memory configured to store instructions; a processor disposed in communication with the memory;
wherein upon execution of the instructions is configured to;receive a first set of informatics data from at least one sensor device relating to at least one operational aspects of the insured property, the first set of informatics data being collected by the at least one sensor device for a first period of time; receive a budget amount associated with operating the insured property for a second period of time; analyze the first set of informatics data to determine a cost associated with operating the insured property for the second period of time; compare the received budget amount with the determined cost associated with operating the insured property; identify an operational change to be recommended for the at least one operational aspect so as to reconcile, for the second period of time, the cost for operating the insured property with the received budget amount when the determined cost exceeds the received budget amount; determine an instruction for the at least one sensor device to take a series of readings, over the second period of time, data relating to the at least one operational aspect of the insured property; transmit the instruction to the at least one sensor device; receive a second set of informatics data from the at least one sensor device based on the series of readings taken by the at least one sensor device over the second period of time; determine that the operational change has been initiated for the second period of time based on the second set of informatics data; and provide a financial reward to a user of the insured property attributable to a cost savings for initiating the operational changes. - View Dependent Claims (19, 20)
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Specification