Insurance claim capitation and predictive payment modeling
First Claim
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1. A system comprising:
- a processor;
a non-transitory computer-readable medium storing instructions that, when executed by the processor, cause the system to;
store first data comprising a model that associates a first one or more loss attributes with a plurality of multipliers and that associates a second one or more loss attributes with a plurality of costs;
receive, from a first computing device of a vehicle, second data, generated by the first computing device of the vehicle, wherein the second data is generated based on acceleration data generated by an accelerometer of the first computing device;
select, based on the second data, at least a first loss attribute from the first one or more loss attributes and at least a second loss attribute from the second one or more loss attributes;
determine a capitated cost of repair of the vehicle based on the first loss attribute and the second loss attribute; and
transmit, to a repair facility, a notification regarding payment based on the determined capitated cost of repair.
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Abstract
A claim-based capitation model is proposed for handling vehicle repair insurance claims. Rather than determining a detailed estimate of the expected actual cost of repair, the estimate may be determined using a simpler model. For example, the insurance company and a repair facility may agree to following a predictive payment model in which the insurance company pays a fixed predicted capitated amount of money for each repair claim, regardless of the amount of repair work that will be needed. Alternatively, the insurance company may pre-pay a fixed capitated amount for a predicted number of future insurance claims.
13 Citations
20 Claims
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1. A system comprising:
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a processor; a non-transitory computer-readable medium storing instructions that, when executed by the processor, cause the system to; store first data comprising a model that associates a first one or more loss attributes with a plurality of multipliers and that associates a second one or more loss attributes with a plurality of costs; receive, from a first computing device of a vehicle, second data, generated by the first computing device of the vehicle, wherein the second data is generated based on acceleration data generated by an accelerometer of the first computing device; select, based on the second data, at least a first loss attribute from the first one or more loss attributes and at least a second loss attribute from the second one or more loss attributes; determine a capitated cost of repair of the vehicle based on the first loss attribute and the second loss attribute; and transmit, to a repair facility, a notification regarding payment based on the determined capitated cost of repair. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computing device comprising:
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a processor; a non-transitory computer-readable medium storing instructions that, when executed by the processor, cause the computing device to; store first data comprising a model that associates a first one or more loss attributes with a plurality of multipliers and that associates a second one or more loss attributes with a plurality of costs; receive, from a second computing device associated with a vehicle, second data that comprises vehicle sensor data, wherein the second computing device comprises a global positioning sensor configured to sense a location of the vehicle and the second computing device is configured to generate the vehicle sensor data based on the location of the vehicle; select, based on the second data, at least a first loss attribute from the first one or more loss attributes and at least a second loss attribute from the second one or more loss attributes; determine a capitated cost of repair of the vehicle based on the first loss attribute and the second loss attribute; and transmit, to a repair facility, a notification regarding payment based on the determined capitated cost of repair. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A system comprising:
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a computing device associated with a vehicle and an apparatus, wherein the computing device comprises one or more processors, and memory storing machine readable instructions that, when executed by the one or more processors of the computing device cause the computing device to; generate location data corresponding to the vehicle via a global positioning sensor; generate speed data corresponding to the vehicle; generate acceleration data corresponding to the vehicle; and transmit vehicle data comprising the location data, the speed data, and the acceleration data to the apparatus; wherein the apparatus comprises; one or more processors, and memory storing machine readable instructions that, when executed by the one or more processors, cause the apparatus to; store first data comprising a model that associates a first one or more loss attributes with a plurality of multipliers and that associates a second one or more loss attributes with a plurality of costs; receive, the vehicle data from the computing device; select, based on the vehicle data, at least a first loss attribute from the first one or more loss attributes and at least a second loss attribute from the second one or more loss attributes; and determine a capitated cost of repair of the vehicle based on one or more of the plurality of multipliers associated with the first loss attribute, and further based on one or more of the plurality of costs associated with the second loss attribute. - View Dependent Claims (19, 20)
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Specification