SYSTEM AND METHOD FOR ANALYZING PRIVACY BREACH RISK DATA
First Claim
1. A system for the generating automated underwriting and quoting information related to data breach related insurance coverages offered by an insurance company, the system comprising:
- a memory device configured to store a determined risk associated with the storage of confidential personal data, wherein the risk is based on at least the number of records stored by a business;
a processor, operably coupled to the memory device, configured to generate a plurality of underwriting questions, the questions including information concerning total revenue of the business;
a receiver configured to receive a response to the plurality of underwriting questions from the user device and to store the response to the plurality of underwriting questions in the memory device;
the processor further configured to determine an estimated exposure based at least in part on the determined risk and the response to the plurality of underwriting questions;
the processor further configured to determine, based on the estimated exposure and the response to the at least one underwriting question, at least one insurance product and at least one coverage option applicable to the business; and
a transmitter configured to transmit information associated with the at least one insurance product to the user device.
1 Assignment
0 Petitions
Accused Products
Abstract
A risk associated with a data breach of confidential personal data may be determined based on the amount of confidential personal data records stored. Underwriting questions based on the user'"'"'s business may be determined and transmitted to the user. Input data may be received from a user that is responsive to the underwriting questions. The system may then determine an applicable insurance product with various options and receive a quote for the insurance product and the selected options. The user may initiate the purchase of one insurance product with one or more options, and/or enter into a binding agreement for the purchase of one of the insurance product.
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Citations
20 Claims
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1. A system for the generating automated underwriting and quoting information related to data breach related insurance coverages offered by an insurance company, the system comprising:
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a memory device configured to store a determined risk associated with the storage of confidential personal data, wherein the risk is based on at least the number of records stored by a business; a processor, operably coupled to the memory device, configured to generate a plurality of underwriting questions, the questions including information concerning total revenue of the business; a receiver configured to receive a response to the plurality of underwriting questions from the user device and to store the response to the plurality of underwriting questions in the memory device; the processor further configured to determine an estimated exposure based at least in part on the determined risk and the response to the plurality of underwriting questions; the processor further configured to determine, based on the estimated exposure and the response to the at least one underwriting question, at least one insurance product and at least one coverage option applicable to the business; and a transmitter configured to transmit information associated with the at least one insurance product to the user device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 18)
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10. A method for the generating automated underwriting and quoting information related to data breach related insurance coverages offered by an insurance company, the method comprising:
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storing, by a memory device, a determined risk associated with the storage of confidential personal data, wherein the risk is based on at least the number of records stored by a business; generating, by a processor, a plurality of underwriting questions, the questions including information concerning total revenue of the business; receiving, by a receiver, a response to the plurality of underwriting questions from the user device and to store the response to the plurality of underwriting questions in the memory device; determining, by the processor, an estimated exposure based at least in part on the determined risk and the response to the plurality of underwriting questions; determining, by the processor, based on the estimated exposure and the response to the at least one underwriting question, at least one insurance product and at least one coverage option applicable to the business; and transmitting, by a transmitter, information associated with the at least one insurance product to the user device. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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19. A computer-readable medium having processor-executable instructions stored thereon which, when executed by at least one processor, will cause the at least one processor to perform a method for generating automated underwriting and quoting information related to data breach related insurance coverages offered by an insurance company, the method comprising:
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storing a determined risk associated with the storage of confidential personal data, wherein the risk is based on at least the number of records stored by a business; generating a plurality of underwriting questions, the questions including information concerning total revenue of the business; receiving a response to the plurality of underwriting questions from the user device and to store the response to the plurality of underwriting questions in the memory device; determining an estimated exposure based at least in part on the determined risk and the response to the plurality of underwriting questions; determining, based on the estimated exposure and the response to the at least one underwriting question, at least one insurance product and at least one coverage option applicable to the business; and outputting, information associated with the at least one insurance product to the user device. - View Dependent Claims (20)
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Specification