Multivariate predictive system
First Claim
1. An automated system that improves the connectivity of home devices comprising:
- an interconnected smart home device that sends and receives data to another interconnected smart home device through a wireless network;
the interconnected smart home device fuses a user identifier and a device identifier of the interconnected smart home device to the data after the interconnected smart home device measures a home'"'"'s condition and before the interconnected smart home device communicates with another interconnected home device;
the interconnected smart home device dynamically routes the data to an operational interconnected smart home device when another interconnected smart home device it attempts to communicate with fails; and
a database engine that provides access to a plurality of database management systems that mine diverse sources of usage based data rendered by the interconnected smart home devices;
a digital filter that selectively passes filtered data streams that comprises the usage based data by removing data records that have missing data fields, incomplete data, and corrupt data;
a sampler that automatically divides the filtered data into sample groups associated with the user identifier and device identifier and stores the sample groups in a memory;
the sampler divides the filtered data according to insurance rating variables associated with the user identifier and device identifier;
the filtered data is processed by a processor programmed to underwrite an insurance product and rate the insurance product; and
a multiplier that multiples a plurality of rating factors associated with the insurance rating variables and the sample groups with a base rate of insurance to determine a final insurance premium for the user.
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Accused Products
Abstract
A multivariate predictive system processes usage based data that includes a database engine that provides access to a plurality of database management systems that mine diverse sources of usage based data. A digital filter selectively filters data streams that include usage based data. A sampler automatically divides the filtered data into sample groups and stores the sample groups in a memory. The sampler divides the filtered data according to insurance rating variables processed by a processor programmed to underwrite an insurance product and rate that insurance product. Some samplers store the divided filter data in a local memory. A multiplier multiples rating factors preprogrammed with the insurance rating variables with a base rate of insurance to determine an insured'"'"'s insurance premium.
38 Citations
21 Claims
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1. An automated system that improves the connectivity of home devices comprising:
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an interconnected smart home device that sends and receives data to another interconnected smart home device through a wireless network; the interconnected smart home device fuses a user identifier and a device identifier of the interconnected smart home device to the data after the interconnected smart home device measures a home'"'"'s condition and before the interconnected smart home device communicates with another interconnected home device; the interconnected smart home device dynamically routes the data to an operational interconnected smart home device when another interconnected smart home device it attempts to communicate with fails; and a database engine that provides access to a plurality of database management systems that mine diverse sources of usage based data rendered by the interconnected smart home devices; a digital filter that selectively passes filtered data streams that comprises the usage based data by removing data records that have missing data fields, incomplete data, and corrupt data; a sampler that automatically divides the filtered data into sample groups associated with the user identifier and device identifier and stores the sample groups in a memory; the sampler divides the filtered data according to insurance rating variables associated with the user identifier and device identifier; the filtered data is processed by a processor programmed to underwrite an insurance product and rate the insurance product; and a multiplier that multiples a plurality of rating factors associated with the insurance rating variables and the sample groups with a base rate of insurance to determine a final insurance premium for the user. - View Dependent Claims (2)
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3. A multivariate system that automatically improves the connectivity of home devices comprising:
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a wireless communication interface configured to connect a smart home device to another smart home device to an insurance server cluster; the smart home device fuses a user identifier and a device identifier of the smart home device to data that the smart home device generates after the smart home device measures a home'"'"'s condition and before the smart home device communicates with the another smart home device; the smart home device dynamically routes the data to an operational smart home device when another smart home device it attempts to communicate with fails; where the insurance server cluster comprising a group of independent network connected servers that operate and appear to a mobile client device as if the independent network servers were a single server computer is programmed to; receive usage based data through a mobile connection; derive a safety score based on the user identifier, the device identifier, and the usage based data for a homeowner insurance product; and derive a discount to an insurance premium for the homeowner insurance product based on the safety score. - View Dependent Claims (4, 5, 6, 7, 8, 9, 10)
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11. A multivariate system that improves the connectivity of home devices comprising:
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a wireless communication interface configured to connect smart home devices that send and receive usage based data streams through a wireless network; the interconnected smart home devices fuse a user identifier and a device identifier to the data after the interconnected smart home devices measure a home'"'"'s condition and before the interconnected smart home devices communicate with another interconnected smart home device; the interconnected smart home devices dynamically route the usage based data streams to an operational interconnected smart home device when another interconnected smart home device it attempts to communicate with fails an insurance server cluster comprising a group of independent network servers that operate and appear to a mobile client device as if the independent network servers were a single server computer programmed to; receive usage based data associated with the user identifier and the device identifier through a mobile connection; and derive a rating variable based on the device identifier and the usage based data for a homeowner insurance product for the user. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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Specification