Systems and Methods of Predicting Vehicle Claim Re-Inspections
First Claim
1. A method of predicting re-inspection for a vehicle insurance claim, the method comprising:
- obtaining, at a first computing device, a settlement estimate of a vehicle insurance claim corresponding to a vehicle covered by an insurance policy provided by an insurance carrier, the settlement estimate based on an inspection of the vehicle and including an estimate of a monetary amount to be paid by the insurance carrier to a repair facility for repairing vehicle damage indicated with the settlement estimate;
causing, by the first computing device, the settlement estimate to be input into a predictive re-inspection model to generate a re-inspection score indicative of a probability of an occurrence of a re-inspection of the vehicle insurance claim, the predictive re-inspection model generated based on historical claim data; and
providing, by the first computing device, an indication of the re-inspection score to at least one of a user interface or to a recipient computing device for determining whether or not a re-inspection of the vehicle insurance claim is warranted.
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Accused Products
Abstract
Techniques for determining or predicting re-inspection of a vehicle insurance claim are disclosed. The probability of an occurrence of a re-inspection of a claim (e.g., a re-inspection score) is determined by using a predictive re-inspection model generated based on a data analysis of historical claim data from a plurality of sources. The re-inspection score may be determined prior to a repair facility initially reviewing the claim or viewing the damage to the vehicle, e.g., at FNOL. Inputs to the predictive re-inspection model may include a settlement estimate, and optionally one or more other claim attributes that are strongly correlated to re-inspection. Other re-inspection information may be additionally or alternatively predicted by using the predictive re-inspection model. Candidate claims for re-inspection may be identified by ranking re-inspection scores and/or other re-inspection information.
47 Citations
26 Claims
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1. A method of predicting re-inspection for a vehicle insurance claim, the method comprising:
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obtaining, at a first computing device, a settlement estimate of a vehicle insurance claim corresponding to a vehicle covered by an insurance policy provided by an insurance carrier, the settlement estimate based on an inspection of the vehicle and including an estimate of a monetary amount to be paid by the insurance carrier to a repair facility for repairing vehicle damage indicated with the settlement estimate; causing, by the first computing device, the settlement estimate to be input into a predictive re-inspection model to generate a re-inspection score indicative of a probability of an occurrence of a re-inspection of the vehicle insurance claim, the predictive re-inspection model generated based on historical claim data; and providing, by the first computing device, an indication of the re-inspection score to at least one of a user interface or to a recipient computing device for determining whether or not a re-inspection of the vehicle insurance claim is warranted. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. An apparatus for predicting re-inspection for a vehicle insurance claim, the apparatus comprising:
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one or more tangible, non-transitory, computer-readable storage media storing thereon computer-executable instructions for generating a predictive re-inspection model, the computer-executable instructions executable by one or more processors to; perform a predictive analysis on claim data corresponding to a plurality of historical vehicle insurance claims, the claim data including settlement estimates of the plurality of historical vehicle insurance claims, indications of whether or not re-inspections occurred for the plurality of historical vehicle insurance claims, and a plurality of claim attributes of the plurality of historical vehicle insurance claims; and determine, based on the predictive analysis, a set of independent variables of the predictive re-inspection model, the set of independent variables comprising a subset of the plurality of claim attributes that are more strongly correlated to occurrences of re-inspections than are other attributes of the plurality of claim attributes; generate the predictive re-inspection model based on the predictive analysis; and determine, using the predictive re-inspection model, a re-inspection score for a vehicle insurance claim corresponding to a vehicle covered by an insurance policy provided by an insurance carrier, the re-inspection score based on a settlement estimate of the vehicle insurance claim, wherein the settlement estimate is based on a previous inspection of the vehicle, and the re-inspection score is indicative of a probability of an occurrence of a re-inspection of the vehicle insurance claim and is for use in determining whether or not a re-inspection of the vehicle is warranted. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19)
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20. A method of identifying vehicle insurance claims for re-inspection, the method comprising:
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obtaining, at a computing device, a set of re-inspection scores respectively corresponding to a set of vehicle insurance claims, wherein the re-inspection scores are determined by providing settlement estimates of the set of vehicle insurance claims to a predictive re-inspection model, the predictive re-inspection model is generated from a predictive analysis of historical vehicle claim data, and each of the re-inspection scores is indicative of a probability of an occurrence of a re-inspection of a respective vehicle insurance claim; ranking, by the computing device, members of the set of vehicle insurance claims based on the set of re-inspection scores; identifying, by the computing device, a subset of the set of vehicle insurance claims for re-inspection based on the rankings and on a re-inspection threshold; and providing an indication of the subset of the set of vehicle insurance claims to at least one of a user interface or another computing device. - View Dependent Claims (21, 22, 23, 24, 25, 26)
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Specification