Modeling of insurance product data

• US 20070214020A1
• Filed: 03/18/2003
• Published: 09/13/2007
• Est. Priority Date: 03/18/2003
• Status: Abandoned Application

• Current Assignee: Siebel Systems Inc. (Oracle Corporation)
• Original Assignee: Siebel Systems Inc. (Oracle Corporation)
• Inventors: Muralitharan, Caroline, Srinivasan, Balaji, Wei, Shan, Lee, Lin, Jeelani, Ashfaq
• Application Number:
  US10/392,133
• Publication Number:
  US 20070214020A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

An insurance product class is defined which includes multiple data elements that are common to various insurance product types. Further, several classes derived from the insurance product class are defined, with each derived class extending the common data elements to include data elements that are specific to a certain insurance product type.

Claims

1. A method in a computer system for representing a class definition, the method comprising:

defining an insurance product class including a plurality of data elements that are common to a plurality of insurance product types; and

defining a plurality of derived classes that derive from the insurance product class, each of the plurality of derived classes extending the plurality of common data elements to include data elements that are specific to one of the plurality of insurance product types.

2. The method of claim 1 wherein the plurality of insurance product types comprises two or more insurance product types selected from the group consisting of an automobile insurance policy, a life insurance policy, a property insurance policy, and an insurance product quote.

3. The method of claim 1 wherein the insurance product class defines a plurality of relationships of an insurance product.

4. The method of claim 3 wherein the plurality of relationships of an insurance product is selected from the group consisting of relationships with related insurance products, relationships with parties participating in the insurance product, relationships with insurance product producers, and relationships with payment plans.

5. The method of claim 1 wherein the insurance product class includes a custom data element for defining one or more custom data fields for the insurance product class.

6. The method of claim 5 wherein the one or more custom data fields of the insurance product class are specific to an application.

7. The method of claim 1 wherein the specific data elements of each of the plurality of derived classes includes a custom data element for defining one or more data fields for said each one of the plurality of derived classes.

8. The method of claim 1 further comprising:

instantiating one of the plurality of derived classes for-a corresponding insurance product type; and

initializing data elements of the instantiated derived class.

9. The method of claim 8 further comprising:

transforming data received from a source application into a common format of said one of the plurality of the derived classes;

transforming the data from the common format into a target format of a target application; and

sending the data in the target format to the target application.

10. The method of claim 1 wherein:

one of the plurality of derived classes is an automobile insurance policy class; and

the specific data elements comprise a list of vehicles associated with an automobile insurance policy, a list of coverages for each vehicle within the list of vehicles, a list of drivers associated with the automobile insurance policy, a list of coverages for each driver within the list of drivers, and one or more custom data fields of the automobile insurance policy class.

11. The method of claim 1 wherein:

one of the plurality of derived classes is a life insurance policy class; and

the specific data elements comprise a list of holdings associated with a life insurance policy, a list of coverages associated with the life insurance policy, a list of beneficiaries of the life insurance policy, and one or more custom data fields of the life insurance policy class.

12. The method of claim 1 wherein a definition of the insurance product class is represented as an XML schema.

13. A method for data transformation, the method comprising:

receiving insurance product data from a source application;

identifying a type of the insurance product data; and

transforming the insurance product data into a common format provided by a corresponding insurance product type sub-class that is derived from an insurance product class,

wherein the insurance product class includes a plurality of data elements that are common to a plurality of insurance product types, and each insurance product type sub-class derived from the insurance product class includes the plurality of common data elements and a plurality of specific data elements that are specific to one of the plurality of insurance product types.

14. The method of claim 13 wherein the plurality of insurance product types comprises two or more insurance product types selected from the group consisting of an automobile insurance policy, a life insurance policy, a property insurance policy, and an insurance product quote.

15. The method of claim 13 wherein the insurance product class defines a plurality of relationships of an insurance product.

16. The method of claim 13 wherein the insurance product class includes a custom data element for defining one or more custom data fields for the insurance product class.

17. The method of claim 16 wherein the specific data elements of each insurance product type sub-class includes a custom data element for defining one or more data fields for said each insurance product type sub-class.

18. The method of claim 13 further comprising:

transforming the insurance product data from the common format into a target format of a target application; and

sending the insurance product data in the target format to the target application.

19. A machine-readable medium having executable instructions to cause a machine to perform a method comprising:

defining an insurance product class including a plurality of data elements that are common to a plurality of insurance product types; and

defining a plurality of derived classes that derive from the insurance product class, each of the plurality of derived classes extending the plurality of common data elements to include data elements that are specific to one of the plurality of insurance product types.

20. The machine-readable medium of claim 19 wherein the plurality of insurance product types comprises two or more insurance product types selected from the group consisting of an automobile insurance policy, a life insurance policy, a property insurance policy, and an insurance product quote.

21. The machine-readable medium of claim 19 wherein the insurance product class defines a plurality of relationships of an insurance product.

22. The machine-readable medium of claim 21 wherein the plurality of relationships of an insurance product is selected from the group consisting of relationships with related insurance products, relationships with parties participating in the insurance product, relationships with insurance product producers, and relationships with payment plans.

23. The machine-readable medium of claim 19 wherein the insurance product class includes a custom data element for defining one or more custom data fields for the insurance product class.

24. A machine-readable medium having executable instructions to cause a machine to perform a method comprising:

receiving insurance product data from a source application;

identifying a type of the insurance product data; and

transforming the insurance product data into a common format provided by a corresponding insurance product type sub-class that is derived from an insurance product class,

wherein the insurance product class includes a plurality of data elements that are common to a plurality of insurance product types, and each insurance product type sub-class derived from the insurance product class includes the plurality of common data elements and a plurality of specific data elements that are specific to one of the plurality of insurance product types.

25. The machine-readable medium of claim 24 wherein the plurality of insurance product types comprises two or more insurance product types selected from the group consisting of an automobile insurance policy, a life insurance policy, a property insurance policy, and an insurance product quote.

26. The machine-readable medium of claim 24 wherein the insurance product class defines a plurality of relationships of an insurance product.

27. The machine-readable medium of claim 24 wherein the insurance product class includes a custom data element for defining one or more custom data fields for the insurance product class.

28. A system comprising:

a memory; and

at least on processor coupled to the memory, the processor executing a set of instructions which cause the processor to

define an insurance product class including a plurality of data elements that are common to a plurality of insurance product types, and

define a plurality of derived classes that derive from the insurance product class, each of the plurality of derived classes extending the plurality of common data elements to include data elements that are specific to one of the plurality of insurance product types.

29. The system of claim 28 wherein the plurality of insurance product types comprises two or more insurance product types selected from the group consisting of an automobile insurance policy, a life insurance policy, a property insurance policy, and an insurance product quote.

30. The system of claim 28 wherein the insurance product class defines a plurality of relationships of an insurance product.

31. A system comprising:

a memory; and

at least on processor coupled to the memory, the processor executing a set of instructions which cause the processor to

receive insurance product data from a source application;

identify a type of the insurance product data; and

transform the insurance product data into a common format provided by a corresponding insurance product type sub-class that is derived from an insurance product class,

wherein the insurance product class includes a plurality of data elements that are common to a plurality of insurance product types, and each insurance product type sub-class derived from the insurance product class includes the plurality of common data elements and a plurality of specific data elements that are specific to one of the plurality of insurance product types.

32. The system of claim 31 wherein the plurality of insurance product types comprises two or more insurance product types selected from the group consisting of an automobile insurance policy, a life insurance policy, a property insurance policy, and an insurance product quote.

33. The system of claim 31 wherein the insurance product class defines a plurality of relationships of an insurance product.

34. An apparatus for representing a class definition, the apparatus comprising:

means for defining an insurance product class including a plurality of data elements that are common to a plurality of insurance product types; and

means for defining a plurality of derived classes that derive from the insurance product class, each of the plurality of derived classes extending the plurality of common data elements to include data elements that are specific to one of the plurality of insurance product types.

35. An apparatus for data transformation, the apparatus comprising:

means for receiving insurance product data from a source application;

means for identifying a type of the insurance product data; and

means for transforming the insurance product data into a common format provided by a corresponding insurance product type sub-class that is derived from an insurance product class,

wherein the insurance product class includes a-plurality of data elements that are common to a plurality of insurance product types, and each insurance product type sub-class derived from the insurance product class includes the plurality of common data elements and a plurality of specific data elements that are specific to one of the plurality of insurance product types.