AUTOMATIC INSURANCE ADJUSTMENTS USING REAL WORLD AWARENESS
1 Assignment
0 Petitions
Accused Products
Abstract
An electronic product code information service (EPCIS) interface is provided that allows accessing applications residing on a variety of systems to receive EPC-related data. In setting up an insurance policy, the EPC-related data may be used to determine objects covered by the insurance policy and to valuate the covered objects. An insurance premium may be generated for the insurance policy based on this valuation. In addition, changes to the covered objects may be detected based on the EPC-related data and may be used to automatically adjust the insured value and/or insurance premium.
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Citations
33 Claims
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1-12. -12. (canceled)
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13. A method for providing an initial valuation of an insurance premium based on EPC-related data, comprising:
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providing a plurality of program interfaces for allowing one or more accessing applications residing on a plurality of systems to access shared EPC-related data, the program interfaces forming a multi-layer framework including at least a service layer, a data definition layer, and an abstract data model layer; initiating setup of an insurance policy; determining one or more objects covered by the insurance policy based on EPC-related data associated with the one or more objects; evaluating the one or more objects based on the associated EPC-related data; and determining an insurance premium for the insurance policy based on the valuation of the one or more objects. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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20. A system for providing an initial valuation of an insurance premium based on EPC-related data, comprising:
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a memory storing instructions; and a processor executing the instructions to; provide a plurality of program interfaces for allowing one or more accessing applications residing on a variety of systems to access shared EPC-related data, the program interfaces forming a multi-layer framework including at least a service layer, a data definition layer, and an abstract data model layer; initiate setup of an insurance policy; determine one or more objects covered by the insurance policy based on EPC-related data associated with the one or more objects; evaluate the one or more objects based on the associated EPC-related data; and determine an insurance premium for the insurance policy based on the valuation of the one or more objects. - View Dependent Claims (21, 22, 23, 24, 25, 26)
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27. A non-transitory computer-readable medium having instructions stored therein which, when executed by a processor, cause the processor to perform a method comprising:
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providing a plurality of program interfaces for allowing one or more accessing applications residing on a variety of systems to access shared EPC-related data, the program interfaces forming a multi-layer framework including at least a service layer, a data definition layer, and an abstract data model layer; initiating setup of an insurance policy; determining one or more objects covered by the insurance policy based on EPC-related data associated with the one or more objects; valuating the one or more objects based on the associated EPC-related data; and determining an insurance premium for the insurance policy based on the valuation of the one or more objects. - View Dependent Claims (28, 29, 30, 31, 32, 33)
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Specification