METHODS AND SYSTEMS FOR DATA MINING USING STATE REPORTED WORKER'S COMPENSATION DATA
First Claim
1. A worker compensation data mining computer system, comprising:
- a data collection computer interface electronically receiving worker'"'"'s compensation data stored by at least one of a third party data provider and at least one state injury computer database administered by a respective state via a communications network;
a second data collection interface electronically receiving additional worker'"'"'s compensation data;
a storage database storing the worker'"'"'s compensation data received by said data collection computer interface;
a data mining computer processing unit analyzing at least one of the worker'"'"'s compensation data from the at least one state injury computer database and the additional worker'"'"'s compensation data to determine trends in the worker'"'"'s compensation data and, responsive to said analyzing, to generate at least one a fraud communication, a model, a predictive variable, a marketing communication, a sales communication, a pricing communication, a prospecting communication, a ratings communication, and an underwriting communication; and
a modeling computer processing unit, analyzing at least one of the worker'"'"'s compensation data and the additional worker'"'"'s compensation data and at least one of underwriting models, sales models, pricing models, ratings models, marketing models, fraud models, and prospecting models, and responsive to said analyzing determining whether to modify the at least one of the underwriting models, the marketing models, the sales models, the pricing models, the ratings models, the marketing models, the fraud models, and the prospecting models.
1 Assignment
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Accused Products
Abstract
A worker compensation data mining computer system includes a data collection computer interface receiving worker'"'"'s compensation data, optionally stored by a third party data provider or a state database, and a data mining computer processing unit analyzing the worker'"'"'s compensation data to determine trends in the worker'"'"'s compensation data. The data mining computer processing unit generates one or more of the following: a fraud communication, a model, a predictive variable, a marketing communication, a sales communication, a pricing communication, a prospecting communication, a ratings communication, a sales communication, and an underwriting communication. The system also optionally includes a modeling computer processing unit, that analyzes one or more of the worker'"'"'s compensation data, underwriting models, sales models, pricing models, ratings models, marketing models, fraud models, and prospecting models, to determine whether to modify the at least one of the models. Computer implemented methods of generating alerts, insurance premiums, pricing an insurance policy, and alternative embodiments are also disclosed.
60 Citations
34 Claims
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1. A worker compensation data mining computer system, comprising:
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a data collection computer interface electronically receiving worker'"'"'s compensation data stored by at least one of a third party data provider and at least one state injury computer database administered by a respective state via a communications network; a second data collection interface electronically receiving additional worker'"'"'s compensation data; a storage database storing the worker'"'"'s compensation data received by said data collection computer interface; a data mining computer processing unit analyzing at least one of the worker'"'"'s compensation data from the at least one state injury computer database and the additional worker'"'"'s compensation data to determine trends in the worker'"'"'s compensation data and, responsive to said analyzing, to generate at least one a fraud communication, a model, a predictive variable, a marketing communication, a sales communication, a pricing communication, a prospecting communication, a ratings communication, and an underwriting communication; and a modeling computer processing unit, analyzing at least one of the worker'"'"'s compensation data and the additional worker'"'"'s compensation data and at least one of underwriting models, sales models, pricing models, ratings models, marketing models, fraud models, and prospecting models, and responsive to said analyzing determining whether to modify the at least one of the underwriting models, the marketing models, the sales models, the pricing models, the ratings models, the marketing models, the fraud models, and the prospecting models. - View Dependent Claims (2, 3)
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4. A worker compensation data mining computer system, comprising:
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a data collection computer interface receiving worker'"'"'s compensation data stored by at least one state injury computer database administered by a respective state via a communications network; a storage database storing the worker'"'"'s compensation data received by said data collection computer interface; and a data mining computer processing unit analyzing the worker'"'"'s compensation data from the at least one state injury computer database to determine trends in the worker'"'"'s compensation data and, responsive to said analyzing, to generate at least one of a fraud communication, a marketing communication, a model, an updated model, a predictive variable, a prospecting communication, a ratings communication, a sales communication, a pricing communication, and an underwriting communication. - View Dependent Claims (5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A computer implemented method for electronically mining worker compensation data, the method comprising:
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electronically receiving worker'"'"'s compensation data stored by at least one of state injury computer database administered by a respective state via a communications network; storing the received worker'"'"'s compensation data in an electronic database; analyzing, by a computer, the worker'"'"'s compensation data from the at least one state injury computer database to determine trends in the worker'"'"'s compensation data; and generating, by the computer, at least one of a model, a predictive variable, an updated model, a fraud communication, a marketing communication, a prospecting communication, a ratings communication, a sales communication, a pricing communication, and an underwriting communication based on the analysis of the worker'"'"'s compensation data. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A computer implemented method for electronically issuing an insurance policy, the method comprising:
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electronically receiving worker'"'"'s compensation data stored by at least one of state injury computer database administered by a respective state via a communications network; storing the received worker'"'"'s compensation data in an electronic database; analyzing, by a computer, the worker'"'"'s compensation data from the at least one state injury computer database to determine patterns or trends in the worker'"'"'s compensation data; generating, by the computer, at least one of a model, a predictive variable, an updated model, a fraud communication, a marketing communication, a prospecting communication, a ratings communication, a sales communication, a pricing communication, and an underwriting communication based on the analysis of the worker'"'"'s compensation data; and issuing the insurance policy based on at least one of the generated model, predictive variable, updated model, fraud communication, marketing communication, prospecting communication, ratings communication, sales communication, pricing communication, and underwriting communication. - View Dependent Claims (27)
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28. A computer implemented method for electronically pricing an insurance policy, the method comprising:
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electronically receiving worker'"'"'s compensation data stored by at least one of state injury computer database administered by a respective state via a communications network; storing the received worker'"'"'s compensation data in an electronic database; analyzing, by a computer, the worker'"'"'s compensation data from the at least one state injury computer database to determine patterns or trends in the worker'"'"'s compensation data; generating, by the computer, at least one of a model, a predictive variable, an updated model, a fraud communication, a marketing communication, a prospecting communication, a ratings communication, a sales communication, a pricing communication, and an underwriting communication based on the analysis of the worker'"'"'s compensation data; and pricing the insurance policy based on at least one of the generated model, predictive variable, updated model, fraud communication, marketing communication, prospecting communication, ratings communication, sales communication, pricing communication, and underwriting communication. - View Dependent Claims (29)
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30. A worker compensation data mining computer system, comprising:
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a data collection computer interface receiving worker'"'"'s compensation data stored by a plurality of state injury computer databases administered by a plurality of states via a communications network; a storage database storing the worker'"'"'s compensation data received by said data collection computer interface; and a data mining computer processing unit analyzing the worker'"'"'s compensation data from the plurality of state injury computer databases to determine trends in the worker'"'"'s compensation data and, responsive to said analyzing, to generate at least one of a fraud communication, a marketing communication, a model, an updated model, a predictive variable, a prospecting communication, a ratings communication, a sales communication, a pricing communication, and an underwriting communication. - View Dependent Claims (31, 32, 33, 34)
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Specification