Systems and methods for geospatial value subject analysis and management

• US 10,684,753 B2
• Filed: 06/26/2014
• Issued: 06/16/2020
• Est. Priority Date: 03/28/2012
• Status: Active Grant

• Current Assignee: The Travelers Indemnity Company (The Travelers Cos., Inc.)
• Original Assignee: The Travelers Indemnity Company (The Travelers Cos., Inc.)
• Inventors: Collins, Dean M.
• Primary Examiner(s): Choi, Yuk Ting
• Application Number:
  US14/316,099
• Publication Number:
  US 20140310162A1
• Time in Patent Office: 2,182 Days
• CPC Class Codes: G06F 16/29 Geographical information databases
• CPC Class Codes: G06F 16/532 Query formulation, e.g. graphical querying
• CPC Class Codes: G06F 3/04842 Selection of displayed objects or displayed text elements G06F3/0482 takes precedence
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Location information may be gathered, managed, stored, and/or otherwise utilized to determine unique geo-referenced locations. The geo-referenced locations may be utilized to inform various processes and decisions such as insurance underwriting, risk assessment, pricing, and risk/loss control. Geo-referenced location information may also be utilized to allow for user-defined or customized value subject data gathering, analysis, and management.

Claims

1. A system, comprising:

a processing device; and

a memory device in communication with the processing device, the memory device storing instructions that when executed by the processing device result in;

receiving, via a graphical user interface comprising a graphical depiction of a geographical area, an indication of a user-defined location on the graphical depiction of the geographical area, wherein the indication of the user-defined location comprises a user-defined polygon received as drawing input via the graphical user interface;

querying, utilizing the user-defined polygon, a database storing value subject data and location data related to the value subject data, the value subject data and location data related to the value subject data being descriptive of a plurality of locations;

identifying, based on the querying of the database, a subset of the locations of the plurality of locations that are bounded by the user-defined polygon of the user-defined location, wherein the subset comprises more than one location;

selecting, based on the identifying of the subset of the locations of the plurality of locations that are bounded by the user-defined polygon of the user-defined location, value subject data descriptive of an attribute value for each of the locations of the subset of the locations of the plurality of locations that are bounded by the user-defined polygon of the user-defined location;

summing the selected data attribute values for the subset of the locations of the plurality of locations that are bounded by the user-defined polygon of the user-defined location; and

providing, via the interface, an indication of the summation of the selected attribute values for the subset of the locations of the plurality of locations that are bounded by the user-defined polygon of the user-defined location.

2. The system of claim 1, wherein the identifying of the subset of the locations of the plurality of locations that are bounded by the user-defined polygon of the user-defined location, comprises:

identifying, based on the user-defined polygon indicative of the user-defined location, a plurality of coordinates descriptive of the user-defined location;

identifying, based on the querying of the database, and utilizing the plurality of coordinates, a plurality of possible value subjects; and

selecting, from the plurality of possible value subjects and based on a stored association with at least one of the coordinates from the plurality of coordinates, the value subject from the plurality of possible value subjects.

3. The system of claim 1, wherein the indication of the user- defined location comprises the user-defined polygon, and wherein the querying comprises:

identifying a plurality of points defining the user-defined polygon indicative of the user-defined location;

converting data descriptive of the plurality of points into a coordinate point format; and

querying, utilizing the coordinate point formatted data descriptive of the plurality of points, the database.

4. The system of claim 1, wherein the data attribute values comprise values for a data attribute comprising at least one of:

(i) total realized loss, (ii) total risk, and (iii) total exposure.

5. The system of claim 1, wherein the instructions, when executed by the processing device, further result in:

providing the graphical user interface.

6. The system of claim 1, wherein the instructions, when executed by the processing device, further result in:

receiving a fee in exchange for the providing of the indication of the summation of the selected attribute values for the subset of the locations of the plurality of locations that are bounded by the user-defined polygon of the user-defined location.