UNDERWRITING SYSTEM AND METHOD ASSOCIATED WITH A CIVIC IMPROVEMENT PLATFORM
First Claim
1. A system for underwriting insurance policies using civic improvement platform based data, comprising:
- a communication device to receive civic improvement platform data associated with a potential entity to be insured, wherein the civic improvement platform data is associated with user safety reports received by the civic improvement platform;
a processor coupled to the communication device; and
a storage device in communication with said processor and storing instructions executed by said processor to;
analyze said civic improvement platform data to assign a civic score to the potential entity to be insured, andtransmit an underwriting decision for the potential entity to be insured based at least in part on said civic score.
1 Assignment
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Accused Products
Abstract
A system for underwriting using civic improvement platform based data is disclosed. In some embodiments, an automated insurance underwriting platform for rating and pricing insurance policies through the accessing and evaluating of civic improvement platform based information is implemented. According to some embodiments, civic improvement platform data associated with a potential entity to be insured may be received. The civic improvement platform data may be, for example, associated with user safety reports received by a civic improvement platform. The civic improvement platform data may be analyzed, and an underwriting decision for the potential entity to be insured may be made based at least in part on said civic improvement platform data. The underwriting decision may be associated with, for example, a premium for an insurance policy, a benefit for an insurance policy, an insurance policy renewal, and/or an insurance policy premium adjustment.
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Citations
24 Claims
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1. A system for underwriting insurance policies using civic improvement platform based data, comprising:
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a communication device to receive civic improvement platform data associated with a potential entity to be insured, wherein the civic improvement platform data is associated with user safety reports received by the civic improvement platform; a processor coupled to the communication device; and a storage device in communication with said processor and storing instructions executed by said processor to; analyze said civic improvement platform data to assign a civic score to the potential entity to be insured, and transmit an underwriting decision for the potential entity to be insured based at least in part on said civic score. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16-17. -17. (canceled)
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18. A computerized method performed by an insurance underwriting platform, comprising:
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receiving civic improvement platform data associated with a potential entity to be insured, wherein the civic improvement platform data is associated with user safety reports received by a civic improvement platform; analyzing, by a processor, said civic improvement platform data to assign a civic score to the potential entity to be insured; and transmitting an underwriting decision for the potential entity to be insured based at least in part on said civic score. - View Dependent Claims (19, 20, 21, 22, 23)
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24-26. -26. (canceled)
Specification